Baku hosts a conference devoted to the establishment of Entrepreneurs Day.
According to the head of the State Customs Committee (SCC) of Azerbaijan Aydin Aliyev, this department and the Ministry of Taxes prepared a joint package of proposals to support and encourage investment directed to the government. The essence of the document is the revision of customs duties and taxes, support of the development of domestic production and protection of the local investors market. Already started the process of electronic declaration, "green corridors” are created and deposits at customs are opened, he said.
At the same time, in his speech, the President of Azersun Holding Abdulbori Gezal told about the problems of access to external markets, although, according to him, they can cover the domestic demand at the expense of their own production.
He considers necessary the reduction in the government’s involvement in commercial activities, reducing it to creating more favorable conditions for private enterprise, including the formation of partnerships with businessmen. --17D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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