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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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