Tag Archives: Azerbaijan economy

Azerbaijan’s Foreign Minister Elmar Mammadyarov received Khairullah Spelenai, the newly appointed Ambassador of the Islamic Republic of Afghanistan to the Republic of Azerbaijan.Minister Elmar Mammadyarov congratulated Ambassador Khairullah Spelenai on his appointment as an Ambassador to Azerbaijan and wished him success in his future activities.At the meeting, discussed were bilateral …

Azerbaijan has ranked 34th among 140 countries and first among former Soviet republics in terms of road quality, according to the Global Competitiveness Report.Azerbaijan made a big leap forward in the index, outclassing European countries such as Lithuania, Estonia, Slovenia, Norway, Ireland, Belgium and Italy.The top five in the index …

Azerbaijan will host an international forum on agrarian technologies and green energy for the first time. The AgTech and Green Energy forum will be co-organized by the Ministry of Agriculture and the Ministry of Energy.The forum under the motto “Innovations for a green future” will be held at ADA University …

Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message.The message reads that in January-September 2018, the economy of Azerbaijan grew by 0.8 percent year-on-year, while the growth rate of non-oil GDP was one percent.Inflation fell sharply from 12.9 …

Azerbaijan’s GDP volume reached almost 65.2 billion manats in January-October 2018 that is 0.8 percent more than in January-October 2017, according to a report of the State Statistics Committee.The volume of GDP per capita stood at 6,648.1 manats.In January-October 2018, the volume of GDP produced in the non-oil sector of …

Azerbaijani Foreign Minister Elmar Mammadyarov is on a visit to the United Arab Emirates, the Azerbaijani Foreign Ministry said in a message.According to the message, the minister will attend the 9th Sir Bani Yas Forum.

An alternative route for the supply of raw materials from Azerbaijan to Tajikistan for the needs of the Tajik Aluminum Company (TALKO) has been established, the Tajik embassy in Azerbaijan told Trend on October 5. This route implies deliveries from Azerbaijan through Russia, Kazakhstan and Uzbekistan to Tajikistan and thus …

CESD concluded its macro-economic survey results for the first nine months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first nine months in 2016 since CESD calculations found …

Taxation in Azerbaijan is regulated by the Tax Code and other relevant legislative acts. Tax Code establishes the statutory tax regime and defines taxation in the industrial and technological parks. In addition, Tax Code recognizes the existence of special tax regimes. Such special tax regimes are existent predominantly in the …

A company may start operations in Azerbaijan from the moment of state registration. The registration of commercial legal entities is handled by the Ministry of Taxes within 2 business days. Limited liability companies with local investment can be registered online. The Law “On State Registration of Legal Entities and State …