In Baku, a press conference was held on the presentation of the report Paying Taxes 2016, prepared by the World Bank together with the international auditing company PwC.
According to the company's partner in Azerbaijan, Movlana Pashayev, the country needs a number of tax reforms to further improve its position in the report Paying Taxes, in particular as regards tax audits.
According to the report, the country ranked second in Central Asia and Eastern Europe in the smallest number (7) of taxes. The leading Georgia and Ukraine have 5 types of taxes.
At the same time the tax burden in Azerbaijan (39.8%) is more than the average in these regions (35.2%), but less than the world average (40.8%). --17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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