Azerbaijan has comparable superiority on about 30 sub-groups of the exported goods. However, they do not refer to finished goods. Turan was told by the Deputy Head of the Public Association "Assistance to Economic Initiatives" Rovshan Agayev.
Based on the results of his research, Azerbaijan is not an exporter of innovative and high-tech goods. In this regard, the expert believes that it allows us to estimate the country's economy in terms of its competitiveness and diversification.
In international trade, used are 1,268 product subgroups. China has a comparable superiority on 560, and Russia - on 150 of them. Comparable superiority is determined by identifying the factors balance in favor of exports of the different subgroups of goods.
According to the State Customs Committee, this year over 92% of exports accounted for by energy. President of Azerbaijan Ilham Aliyev has repeatedly said that the country's economy in terms of competitiveness is one of the leading in the world. According to him, the diversification of the economy, in particular industry, is in full swing. - 08B-
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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