In 2018 about 400,000 manats from e-commerce turnover have been transferred to the state budget of Azerbaijan in the form of duties on the basis of customs declarations, Deputy Chairman of the State Customs Committee (SCC) Igbal Babayev said at the e-commerce forum held in Baku. Babayev noted that such high dynamics of growth in…
A stable and rational labor market has been formed in Azerbaijan, Deputy Minister of Labor and Social Protection of Population Matin Karimli said on September 20 at the 7th International Caspian Energy Forum Baku 2018. “Over the first six months of this year 67,000 new jobs were opened in Azerbaijan,” he noted. “The law on…
In January-August the output of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 209.6 million manats, the State Statistics Committee of Azerbaijan said in a message on September 18. Compared with the same period last year, car production grew 32-fold, machinery and equipment production by 16%, while the production of other vehicles…
The Central Bank of Azerbaijan (CBA) sees the potential for further reduction of the discount rate, Chairman of the CBA Elman Rustamov declared. Rustamov said the monetary regulator (CBA) this year had done much in this direction. “Nevertheless, external risks have recently intensified, in particular, those related to volatility of the national currencies in a…
More than 3.3 million shipments weighing over 275,000 kilograms were processed in the transit center of Azerpost LLC and sent to 15 countries in the first seven months of 2018, Ministry of Transport, Communications and High Technologies reported. The postal operator delivered them to the U.S., Germany, Austria, Belarus, Great Britain, Czech Republic, France, Iran,…
Azerbaijani President Ilham Aliyev has signed an order to provide funds for the construction of Bujag-Mukhas-Bash Dashagil road in Oghuz region. Under the presidential order, the Azerbaijan Highway State Agency is allocated 9.4 million manats for the construction of the road connecting four residential areas with a total population of 4,000 people. (AzerNews/Business World Magazine)
Over the seven months of this year inflation rate in Azerbaijan has been 2.8%, Chairman of the Central Bank of Azerbaijan Elman Rustamov said. He made the remarks at the Azerbaijani forum on competitiveness on September 7. “Inflation rate in Azerbaijan has stabilized since 2017,” Rustamov said. “In the first seven months of 2018 this…