Belarus and India closely cooperate to raise the mutual trade to $1 billion. Ambassador Extraordinary and Plenipotentiary of India to Belarus Pankaj Saxena made the statement during the press conference in anticipation of India Independence Day. The Ambassador said it was feasible to raise Belarus-India trade to $1 billion. In his opinion, there is a…
In January-June Belarus reduced the import of goods and services by 11% to $14.15 billion in comparison with the same period last year, the official website of the National Bank of the Republic of Belarus reported. In January-June Belarus’ foreign trade was down by 13.6% YoY, to $28.156 billion. Export totaled $14 billion, down by…
State support helped the companies affiliated with the Industry Ministry increase output, Belarus’ Prime Minister Andrei Kobyakov said. “Support provided to the companies of the Industry Ministry during this complicated period helped them increase the output by 0.7% over 2015 and 1.4% in January-July 2016. Backlog of inventories was reduced by almost Br2 trillion (non-redenominated)”,…
Representatives of Belarus’ business community will be authorized to evaluate the regulatory impact of regulatory acts on business environment, in accordance with a bill prepared by the Economy Ministry of Belarus. Posted on the ministry’s official web site, the document will be forwarded for approving to the head of state. The document says that the…
It is planned to decrease tax rates in order to encourage non-cash payments in Azerbaijan, the country’s Deputy Taxes Minister Ilkin Valiyev said. “Encouraging non-cash payments and limiting cash payments will lead to a rise in the number of POS-terminals and to the transparency in the payment of taxes”, said Valiyev. “We have already had…
Azerbaijan’s state oil company SOCAR will produce over 7,660 tons of oil annually through commissioning a new well at the offshore Oil Rocks field, SOCAR said in a message. Oil is extracted from a wellbore within the range of 1,205-1,187 meters. SOCAR is implementing a program to stabilize and increase oil output. The company produced…
American Chamber of Commerce in Azerbaijan (AmCham) welcomes Azerbaijani president’s order dated August 4, “On improvement of tax administration and approval of directions of reforms in taxation in 2016”. “We are glad to see that a number of recommendations to improve tax administration and simplify doing business in the country, proposed to the Azerbaijani government…