Parliament approves the decision not to charge a 20% fee while transferring currency abroad
Today the meeting of the Milli Majlis approved the amendment on unreasonable amendments to the law "On Currency Regulation", which provides 20% duty while transferring currency abroad. After the devaluation of December 21, on the background of currency hype, authorities quickly imposed a 20% duty on the transfer abroad amounts ranging from $50,000. The amendments were adopted on 19 January. However, on February 3 the relevant amendments were returned to the parliament “at the request of the workers”' and on behalf of the president of state. -02D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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