The Ministry of Taxes has submitted a new list of companies that are subject to a limitation of the leaders to travel outside the country. Over the past two months, the number has doubled and reached 999.
In the new list, there are also some of the most significant enterprises in the country's economy. Ltd. Azeri Drilling Company has a debt to the state budget in the amount of 886,416 manat. This company was founded in 2006 with the participation of SOCAR (35%) and Target Petroleum Azerbaijan Corporation (65%, Panama). Because of this, Faig Mammadov will not be able to leave the country for as long as the debt is paid.
Due to 11,099 manat the same punishment has been also applied to officials of the Neftchala Iodine and Bromine Plant, which belongs to the group of companies ISR Holding.
The construction company AAAF Park Khirdalan (part of the group of companies AAAF Park) late repaid its debt of just 1,852 manat to the state budget. However, its director Ali Nabiyev shared the same fate with the others.
Ltd. Yeddi Gozel (the eponymous hotel Gilan Holding in the Gabala region) has a tax debt in the amount of 68,931 manat.
Note that in this list there are about 10 people who manage multiple overnight companies. Typically, such companies are created for the purpose of tax evasion, and their leaders agree to criminal penalties for certain rewards. -----08B
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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