In the first quarter of 2013 there were revealed 15 535 precious items that had not been probed by the state.
As the site of the Ministry of Finance says, they found violations of public service supervision of precious metals and products at Ministry of Finance of Azerbaijan.
Surveillance activities in the state probing were held in January and March of this year by 18 entities. On the defective products the probing revealed traces of unknown origin. Jewels were tested by respective state trials," the report says.
As a result, the Ministry of Finance transferred to the state budget 136.12 million manat and the tax offenders were brought to administrative sanctions in the amount of 10.4 million manat.
In the first quarter, total revenues for the state budget from the services of examination, testing and probing of jewelry rendered by the supervision service totaled 411.76 million manat, the site says. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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