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…
During the first five months of 2019, the turnover of Azerbaijan’s non-oil sector increased by 8% YoY, the Ministry of Taxes reported. The increase in VAT turnover was 9.6%, according to the report. The trade and public catering sector showed the highest growth rates. The wholesale trade turnover grew by 18.4%, including 24.6% in terms…
Ganja Automobile Plant has signed a contract with Russia’s KAMAZ automobile plant for the supply of a major cargo of spare parts for vehicles. The contract was signed for the supply of spare parts worth 400 million rubles (about 10.68 million manats). The KAMAZ carmaker has 11 major automotive factories and auxiliary cycle divisions. KAMAZ…
In January-April the average monthly salary in Baku increased by 3.9% YoY and amounted to 820 manats, the Baku city Statistical Department reported. The employees of enterprises and organizations engaged in industrial, financial and insurance, professional, scientific and technical spheres, as well as ICT and construction sectors had the biggest average monthly salaries. The employees…