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Tag Archives: Azerbaijan economy

Azerbaijani FM receives newly appointed ambassador of Afghanistan


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 …

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Azerbaijan’s economy growing, says Fitch report


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 …

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Azerbaijani economy grows nearly 1%

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 …

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Azerbaijani alumina reaches Tajikistan

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 …

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Taxation in Azerbaijan

Azerbaijan Ministery of Taxation

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 …

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Establishing a legal presence in Azerbaijan

Manat (Azerbaijan)

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 …

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