As of October 1, registered customers of local banks (excluding deposits of the population) were 246,109 legal entities and individual entrepreneurs (minus 13.3%, or 7,591 entrepreneurs and 36,859 entities to the beginning of the year, when there were 290,559 business accounts).
According to the statements of the Central Bank of Azerbaijan, the largest outflow of accounts of local businessmen took place in January and July, especially for legal entities. According to the report of the World Economic Forum, Azerbaijan occupies a leading position on the ease of starting a business - within the framework of "single window" it can account for 2-3 days, but for a serious structure it is important to track the further fate of these entrepreneurs. As can be seen from the report of the Central Bank, the number of commercial banks' customers becomes smaller, and the reason for that is the tightening of the tax base. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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