The Ministry of Taxes has developed specific recommendations in the framework of measures to encourage non-cash payments and their active promotion. In addition, as stated in his report, they determined the list of objects in which POS-terminals have to be installed.
A set of measures was designed by the Ministry of Taxes in conjunction with the Central Bank of Azerbaijan and is designed to encourage non-cash payments, as well as to limit the cash handling finances.
According to official figures, in 2014 across the country 51 thousand POS-terminals were set up, thus the total number of operating terminals was brought to 82 thousand. Most of them (64.1%) are in Baku, while the others are in the regions. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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