Belarus: thaw to shortly destroy snow cover

The meteorological conditions in Belarus are currently favorable for survival of winter crops. Snow cover protected crops against freeze that occurred in early December. Soil temperature at the tillering node depth in winter cereal plantings is at sub-zero values close to 0 degrees C. As thaw has set in, snow cover will be destroyed in…

Azerbaijan: parliament amends tax legislation

The Azerbaijani parliament adopted a set of amendments to the country’s tax legislation, which will come into effect on January 1, 2017. The amendments include the taxation of operations with offshore companies, limiting cash payments made by big entrepreneurs, operating in trade and public catering, to 30,000 manats per month, the taxation of legal entities…

Azerbaijan looking for new economic model

Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), reported. “Over the last decade, this economic model has turned Azerbaijan into a completely new country and helped create modern infrastructure. However, in the new economic environment this model ceased…

Azerbaijan: number of foreign trade partners up

Some 183 countries became Azerbaijan’s foreign trade partners in January-November compared to 162 countries in the same period of 2015, the country’s State Customs Committee said in a report. According to the report, 13,244 legal entities and individuals (of them 5,226 legal entities and 8,018 individuals) were involved in the country’s foreign economic activities. Azerbaijan’s…