The resolution of the Cabinet of Ministers on July 10 made addition to the regulations on customs duties on the import and export of goods. This decision of the government makes residents of the Mingachevir high-tech park exempt from import taxes for a period of 7 years.
According to this decision (http://www.azerbaijan-news.az/index.php?mod=3&id=74879), it is a list of goods, which customs duties will not be levied from when imported. These are: notable device hard disks, replacement parts computers, electronic modules, monitors, electronic integrated circuits, processors, controllers, etc.
Resolution of the Cabinet of Ministers on July 10 for №264 was published in the press today, the 29th of July. It shall enter into force after 30 days.
LLC Mingachevir High Technology Park of the Ministry of Communications and High Technologies was established in February 2015 by the decree of the President of Azerbaijan. It has not passed official registration in the Ministry of Taxes.
To ensure the activity of the high-tech park in Mingachevir 1.3 hectares of land was allocated.
In November 2012, it was also decided to establish a high-tech park with the same ministry, which will operate in the district Pirallahi of Baku. ----08D
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review