On January 13 the authorities shurply tightened restrictions on duty-free imported goods. Thus, on October 22, the head of state issued an order according to which the ceiling for duty-free goods was raised to $10,000. From now on, this amount is limited to $1,000. Corresponding changes have been made to the Decree No. 656 of 22 October 2015, said the press service of the head of state. Three months ago, when Decree 656 was issued, the government presented it as a struggle against monopolies and corruption, supporting small and medium-sized businesses.
The authorities do not explain this impulsive step and return to the previous situation. In practice, this means that individuals will be forbidden to bring any significant volumes of certain goods. At the same time, it creates opportunities for corruption in customs. -02D-
Economics
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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