Baku has started a conference "Non-oil exports: today's challenges and opportunities." Azerbaijan's Minister of Economy Shahin Mustafayev, opening the event, said the main trend of reform in this area is a thousand-fold reduction in the number of inspections of business entities (by October 1 last year the number was 50,000, while this year it was 50).
Speaking of the Ministry’s new practice of issuing investment promotion instruments, he reported that since March such benefits have been received by 62 local entrepreneurs and the total volume of investments for such projects exceeded AZN 800 million.
In addition, the National Fund for Support to Entrepreneurship (NFES) has issued about AZN 2 billion through banks to entrepreneurs, financing 32,000 projects.
Speaking about the export of non-oil sector products, he reported on reforms in the customs system, where there is transition to electronic declaration, in addition to perpetual business licenses. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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