In June the trade turnover between Turkey and Azerbaijan increased by $644.300 million YoY and amounted to $789.259 million, a source in the Ministry of Commerce of Turkey reported. “In June Turkey’s exports to Azerbaijan amounted to $598.551 million, and imports from Azerbaijan – to $190.708 million,” the ministry said. The ministry noted that the…
Foreign Minister Elmar Mammadyarov has met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to the Republic of Azerbaijan Valdas Lastauskas upon the termination of his diplomatic tenure. During the meeting, the parties exchanged views on the current state of bilateral relations, as well as the current level of and perspectives of…
In the first 5 months of 2019 Azerbaijan imported 551.1 thousand tons of wheat, up by 14.6% YoY, reported the State Customs Committee. Imports in monetary terms increased even more significantly – by 47.9%, to $124.5 million. Moreover, in January-May the imports of sugar increased to 136.1 thousand tons (up 6.2-fold) at $51.158 million (up…
On July 18 a working forum with the participation of entrepreneurs organized by the ministries of economy and agriculture was held in Khirdalan city. As part of the forum, the participants were given detailed information about the mechanism for obtaining preferential loans from the Entrepreneurship Development Fund under the Ministry of Economy, presentations were held…
The prices for consumer goods and services increased by 2.5% YoY in January-June, the State Statistical Committee reported. The prices for food, beverages and tobacco products increased by 2.7%, and non-food items – by 1.3%, while the cost of paid services to the population increased by 3.2%. The prices for consumer goods and services in…
If quarterly incomes of persons in Azerbaijan engaged in online business exceed 200,000 manats, they are subject to income tax and value added tax, the Azerbaijani Ministry of Taxes reported. “If the amount of taxable transactions exceeds 200,000 manats, these people should apply for registration as VAT payers in the first decade of the next…
Azerbaijan strives to increase agricultural production not only to meet local demand, but also to get broader access to foreign markets. In this regard, the country strengthens its efforts to support the activities of people engaged in agricultural production. To this end, Azerbaijan established the State Agro Trade Company under the Ministry of Agriculture last…