The Ukrainian Cabinet of Ministers has instructed the State Entrepreneurship Agency to draft the decision on natural gas price reduction.
The Ukrainian state service for entrepreneurship development together with other interested executive agencies will work on the amendments to the Tax Code.
It is planned to exempt the natural gas import transactions from value added tax (VAT), which will allow reducing gas price for the consumers.
At the session of the Russian-Ukrainian intergovernmental commission under chairmanship of Russian and Ukrainian Presidents Vladimir Putin and Viktor Yanukovich on December 17, 2013 it was decided to reduce Russian gas price for the Ukraine by one third to $268.5 per 1000 cub.m. In the beginning of every quarter Naftogas and Gasprom will sign the additional agreement defining gas price, otherwise the discount will cease being effective.—0—
Economics
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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