“If tomorrow people go to Georgia to open a bank account, it will be a natural response to the 18% VAT on e-commerce in Azerbaijan purchases abroad,” said the President of Azerbaijan Internet Forum Osman Gunduz .
Azerbaijani citizens prefer to go on vacation to Georgia. Now, in order to reduce their costs, they will also "stock up" bank cards of Georgia, Gunduz wrote in his Facebook account. From this year, according to the amendments to the Tax Code, the purchase of goods from foreign online stores, Play Store bank cards of Azerbaijan, as well as advertising services through social networks and Google VAT will be deducted.
According to Osman Gunduz, rather than to limit the opportunities of e-commerce, it is necessary to stimulate the local e-commerce and fully integrate into the international payment portals. ----08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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