Payments for Mobile Communication to Be Indicator in Assessment of Needs of Targeted Social Assistance
The costs of mobile services will become one of the criteria for assessing the needs for social aid, the Information and Computer Center (ICC) of the Ministry of Communications and High Technologies of Azerbaijan said.
The author of the new approach is the Ministry of Labor and Social Protection, and for its implementation it is necessary to improve the electronic subsystem of a single treatment and destination (VEMTAS). A thematic meeting between experts of ICC, the Ministry of Labor and the local mobile operators has been held.
This will allow the center to obtain information about the current and annual debt of Sim Card holders and to check the debts and costs on the Sim cards belonging to them in the same period. The innovation has also interested the local banking system, because, according to experts, it allows you to determine the level of creditworthiness of borrowers in the allocation of credits. --17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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