Since the beginning of the year were about 17,000 taxpayers
In January and February of this year in Azerbaijan has registered 16,768 taxpayers , which is 3.5 % more than that in the same period of 2013.
The Ministry of Taxes not provided information about the structure of unregistered persons according to their shape (legal entities and individuals). However, we know that the majority of entrepreneurs still prefer to work as an individual. In addition, previously Turan wrote that the lion's share of registered companies is established by the same people. Experts argue that these companies are used in shady import operations.
According to the Ministry of Taxes, on 1 March this year, the number of taxpayers in Azerbaijan is 552,112, which is 11.3 % more than in the comparable period of 2013. - 08D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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