president.az
Baku/09.06.23/Turan: Today, the President Ilham Aliyev took part in the opening ceremony of the first stage of the free economic zone (FEZ) of "Alat" (70 km south of Baku). Its total area is 850 hectares. On an area of 60 hectares, work is underway as part of the first stage of the creation of the FEZ. There are identified land plots that will be leased to investors. Customs checkpoints have been built at the main entrance to the territory of the FEZ. Investors will be exempt from value added and income taxes as well as any other corporate tax. Also, customs export and import duties will not be applied.
No income tax will be levied on employees if the monthly salary does not exceed 8 thousand manats. Social insurance payments are voluntary for highly qualified foreign workers and mandatory for local workers.
There will be no restrictions on the ownership of property for foreign individuals and legal entities. There will also be no restrictions on foreign exchange transactions or repatriation of profits. The property of investors cannot be nationalized under any circumstances.
The administration of the FEZ also provides full protection of the intellectual property rights of investors. ---06B---
Politics
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On November 15, animal rights activist Kamran Mammadli was detained while staging a protest at the COP29 climate conference. Mammadli was protesting the shooting of street dogs in Azerbaijan. He raised a sign above his head that read: "Azerbaijani authorities are shooting dogs on the streets!" He also shouted: "Resign those who teach youth to be sycophants under the guise of volunteerism!"
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Arrested Abzas Media journalists were pressured in Baku pretrial detention center No. 1.
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On November 15, the Tbilisi City Court heard the merits of the complaint filed by the head of the Azerbaijani website Azel.TV, Afgan Sadygov, against the denial of political asylum in Georgia.
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The United States has been working with Azerbaijan for a long time on energy issues and fossil fuel emissions, particularly focusing on technologies that reduce carbon dioxide (CO2) emissions and help transition to clean energy, the U.S. Secretary of Energy Jennifer M. Granholm stated at a press conference on November 15 during COP29 in Baku, in response to a question from Turan about how the U.S. can assist Azerbaijan in its transition to renewable and green energy.
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