The Ministry of Taxes held a regular conversion and created the Office of Territorial Tax Authorities.
The agency noted they created a new department in order to improve control over local tax authorities, the full and timely collection of taxes.
The new division of the Ministry of Taxes was formed through the elimination of the Main Directorate of the Analysis of Tax Offenses of Criminal Nature and Organization of the Collection of Tax Debts, the Adviser Office on Audit and Operational Control, and so forth units. How many employees are in the new office is not reported.
The head of the new Department of the Ministry of Taxes is Elchin Baylar, former Deputy Chief of the Economic Analysis and State Registration of Business Entities. --08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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