Media Review November 22, 2018

Investments in Azerbaijan, the situation in the automotive market, and tax changes in relation to small and medium-sized businesses are the leading topics of today's media.

The newspaper Azerbaijan writes about favorable conditions for investing in the country. The author talks about ongoing reforms, the creation of industrial parks, and improving business conditions. Further, the author pays particular attention to industrial parks, their data and the number of jobs that they have provided.

The website Modern.az writes about the situation in the automotive market due to the increase in customs duties on imported cars from next year. The situation is commented on by the economist Rashad Hasanov. He believes that changes are coming in the structure of the country's car park, as the delivery of cars with a large engine volume will decrease.

In total, the import of cars, compared with the years 2013-14, has decreased significantly. The expert suggests that interest in the production of cars within the country may increase. He recalls the opening of a new car factory with a production capacity of 10 thousand cars per year in 2017.

The website Moderator.az writes about the upcoming tax changes in favor of small and medium businesses, exempting them from certain types of taxes. The changes to the Tax Code are commented on by the expert Rovshan Agayev. Innovations will be the intention to create a cluster of small and medium businesses, but so far it is not known what criteria are needed for this. It is known that members of these clusters will be exempt from profit tax for seven years. The expert also considers it necessary to have a business ombudsman.

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