Entrepreneurs have been permitted to sell excisable goods without a license. This was made possible thanks to the amendments to the "Rules for the regulation of the Republic of Azerbaijan of goods subject to marking with excise stamps."
On the eve the corresponding decree was signed by the President of the country. According to the document, there shall be canceled subparagraph 3.1.1., in which it was stated that "export outside the industrial building of products to be labeled, and their import or release from the warehouses is permitted if the manufacture, importation or sale of these goods is conducted by the taxpayers who have a license for this."
This is not the first relief of the kind this year. So, on 14 October Milli Majlis amended the rules for the sale of goods subject to marking with excise stamps which reflected permit for cash retail of tobacco and beer in small amounts. --17D-
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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