The difficult economic situation has led to a new conference, in which the President took part.
At today's event on the second year of implementation of the State Program on Socio-economic Development of Regions in 2014-2018, Ilham Aliyev again blamed the global economic crisis, recalling the ten years of "oil prosperity." "There is a decline in the world economy due to circumstances beyond our control now. We did not separate ourselves from the world community, we integrated in it and conducted open market policies and liberal economic policies, so it affects us," he said.
However, the head of state did not disclose the reasons for which there has been done almost nothing for the real sector development, and the economy is still at three quarters dependent on hydrocarbon exports.
The conference was attended by Ministers of Finance, Taxes and Economy, the Chairman of the Central Bank, state and government officials, as well as entrepreneurs. --17D-
Economics
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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