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…
The government of Azerbaijan plans to increase the share of the insurance market in the country’s non-oil GDP to 1.4% until 2020, the Strategic Road Map for Development of Financial Services in Azerbaijan said. Azerbaijan’s Financial Markets Supervision Chamber, which regulates the insurance market, said that the share of the insurance market in GDP was…
Ukraine and the Republic of Ireland have discussed the issue of possible expansion of trade and economic cooperation, in particular, with regard to imports of Irish beef, pork, milk, and dairy products to Ukraine. This has been reported by the State Service of Ukraine on Food Safety and Consumer Protection following a meeting of Chairman…
Azerbaijan has exempted the sale of poultry meat, production and sale of wheat flour and bread from value added tax (VAT) for three years starting from January 1, 2017, according to the amendments to the Tax Code approved at a plenary session of Parliament. The import and sale of wheat is also exempt from VAT…
Arrival of a major brand stirs buzz and fuss around, but Depo in Lithuania has taken a different approach. If not for a couple of modest-size articles in local press, the residents of Klaipeda, where the Latvian hardware giant opened its first store, few would have noticed the coming. “Indeed, the whole opening they had…
Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017. This means the end for the story that riled up the population at the end of the year. Or perhaps it’s just the beginning. In…
Ukraine buys up to 9 million tons of coal per year from the occupied territories of Donbas, Deputy Prime Minister Volodymyr Kistion said. “We receive coal in the amount of up to 9 million tons per year from the occupied territories”, he said. Kistion added coal was supplied by the companies that were registered and…