Putting of assets of taxpayers who cannot cope with the payment of current taxes up for auctions has acquired a mass character. Just today, for the first time exhibited for sale was property of 52 individuals and legal entities located in different cities and regions of the country.
Customers are offered household products, clothing, home appliances, building materials, etc. Interest may be caused by two rural stores of the Gabala Consumer Union, which are estimated, respectively, in 3,360 and 1,711 manats.
Prior to that, the Ministry of Taxes offered for sale an administrative building of the Baku olive plant (87 thousand manats) and an individual residential building owned by the company R.I.S.K. (3.6 million manats).
Note that the Ministry of Taxes, for unknown reasons, the first time in many years, has not released information on the taxes collected to the state budget in January.
In 2016 the Ministry of Taxes is to collect more than 7 billion manats. However, due to the deteriorating economic situation in the country to collect taxes becomes increasingly difficult. ------08B
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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