The non-government Economic Research Center (ERC) reported today on the results of work done in 2012. According to the new chairman of Togrul Ghalib, the cycle was complete. Exactly half (50%) of the projects were carried out with the financial and organizational support of the European Union. In the second place (12%) is the German organization for international cooperation. Then came the following foreign structures: 8% interest for the Budapest office of the Soros Foundation and the organization Oxfam, to 6% for the British Council and the International Institute for the Control of Taxes. The organization worked in the past year also with the Marshall Foundation, the Institute of Management of East - West, AMFA and other structures.
The main activities of the Center are on budget transparency, sound management of public revenue, institutional development authorities. In addition, the partners of the program are interesting investigations macroeconomic and social policies, the analysis of the local business environment. An active role was played by the courses for young economists. Essential attribute of the project is to dialogue with the government and government agencies.
Among the Web products of ERC an important place is taken by electronic calculator of family inflation, insurance calculator, tax calculator for municipalities grant application for the analysis of the budget and the program budget transparency. Many of these products have no analogues in the CIS and Eastern Europe.
The organization during the year did not forget its own commitment to the fiscal authorities. Only on mandatory items (social contributions and income tax) are listed in the budget 17 772.18 manat. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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