In 2014, Azerbaijan registered 82,688 taxpayers. During the year the number of taxpayers increased by 13.4%.
According to the Ministry of Taxes (state agency for registration of commercial entities), as of January 1, the number of taxpayers was 609,742.
At the beginning of 2014 in Azerbaijan there were 537,828 taxpayers. Thus, taking into account businesses established in 2014, last year 10,774 taxpayers were canceled. ----08D
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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