Within 10 months of this year, revenues of the state budget through the Ministry of Taxes 3 billion 88.8 million manat. In absolute terms, this is to 319.9 million manat more than in the comparable period of 2012.
The Ministry of Taxes told Turan, the share of non-oil sector in the tax revenue of the state budget in January- October this year amounted to 53.5%. Compared to the same period in 2012 this figure rose by 0.9% point.
Since the beginning of the year the Ministry of Taxes has been provided in the state budget 5 768.1 million manat (including state taxes), which is 9.6 % more than the same period in 2012. Receipts by type of tax as a percentage virtually unchanged. - 08D
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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