Oil fund transfers and tax gains keep Azerbaijan’s budget in surplus

Countries participating in the TRACECA international transport corridor have signed an agreement introducing a single transit permit system aimed at accelerating cargo transportation between Europe, the Caucasus and Central Asia amid growing interest in alternative Eurasian trade routes, project participants said.

The Azerbaijani government on May 14 approved new rules regulating state control over the import, export and circulation of rough diamonds, tightening oversight of the sector in line with the international requirements of the Kimberley Process Certification Scheme.

Azerbaijani President Ilham Aliyev signed a decree on May 14 introducing additional measures to improve the country’s waste management system, including the establishment of the State Waste Management Agency under the Ministry of Ecology and Natural Resources. The decision comes amid growing environmental and infrastructure challenges linked to urbanization, rising volumes of household waste, and the need to modernize the country’s коммунal services system.

The Azerbaijani government has authorized the demolition of several non-residential buildings in the city of Shusha as part of its urban redevelopment and reconstruction policy in the formerly occupied territories. The decision is seen as another stage in the large-scale reconstruction and urban transformation program underway in Karabakh in the post-conflict period.