Baku / 26.12.17 / Turan: At the end of January 2018, excise rates on imported cigarettes will increase threefold, from 4 to 12 manats per 50 packs (1,000 units). This decision was made by the Cabinet of Ministers on December 21.
Excise rates for the import of cigars will be doubled (from 10 to 20 manats per 1,000 pieces). Experts believe this will lead to a rise in price in the retail sale of cigarettes, since the demand for cigarette consumption is approximately 90% satisfied by imports.
The excises on the import of wine and vodka products are also revised. Excise tax on import of 1 liter of beer will increase from 1 to 1.70 manats, wine - from 2 to 3.50 manats, champagne - from 2.50 to 5 manats, and alcohol - from 2 to 4 manats. Importers will pay excise at the rate of 10 manats, 4 manats more than now, for a liter of whiskey, vodka, gin, liqueur, or rum. --08D--
Economics
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Azerbaijani President Ilham Aliyev has signed a decree introducing amendments to the "Armed Forces of the Republic of Azerbaijan" law. The decree, issued on December 24, 2024, follows the implementation of changes under the law of November 7, 2024, and aims to ensure their practical application.
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Silk Way Alat Free Economic Zone (SW AFEZCO) has entered a transformative stage in its development, signing a pivotal agreement with FF Construction for the design and construction of the Silk Way Cargo Village in the Alat Free Economic Zone (AFEZ). This ambitious project includes the planning, engineering, and building of three cornerstone facilities that will underpin the Cargo Village: an air traffic control center, a business aviation terminal, and a fire station.
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BAKU, Dec 24 (Reuters) - Azerbaijan’s President Ilham Aliyev has issued a decree to boost the cargo handling capacity of the Baku International Sea Trade Port, allocating 20 million manats ($11.8 million) from the presidential reserve fund for the port's expansion project.
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A meeting was held between the State Service for Antimonopoly Control and Consumer Market Supervision and entrepreneurs in the fuel sector, highlighting both current challenges and promising steps toward progress. Discussions, organized under the Ministry of Economy, focused on fuel quality issues, consumer rights protection, and compliance with established standards in a country where vehicle fuel has long been a contentious issue.
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