By the beginning of the European Games Baku-2015 the number of active POS terminals on the scale will increase by 13 000 and will be brought to 95 000 units, the Minister of Taxes Fazil Mammadov told reporters at the traditional IV forum "Tax system in Azerbaijan: Realities and Prospects."
According to him, while at the end of 2013 the country had about 40 000 POS terminals, at the end of 2014 their number increased to 82 000. Most of the equipment is located in the capital's shops.
Recall first European Games will be held in Baku in June 2015. --17D-
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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