Lately, there is a certain word that influences the life of all people and we sound several times a day: Inflation. It diffused into the life of everyone, from ordinary citizens to the entrepreneurs, from the unemployed to high-ranking officials. Now everyone “comes to agreement” with it about the activities …
Read More »Azerbaijan
Taxation in Azerbaijan
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 …
Read More »Establishing a legal presence in 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 …
Read More »Why invest in Azerbaijan
Political and economic stability 2nd fastest growing economy among 179 countries in terms of GDP per capita growth in 2001-2010 (The Economist). In the past 10 years: GDP grew by 3 times, non-oil GDP by 2.5 times, GDP per capita by 2.6 times, strategic currency reserves by 29 times. Foreign …
Read More »Azerbaijan: State, Geography And History In Brief
Azerbaijan is one of the world’s cradles of civilization. In Gobustan, about 70 kms south of Baku, are Petroglyphs dating back to the 12th Century BC. The area was regarded by another ancient civilization, the Roman Empire, as more ancient than their own. 14 centuries later, the area is a …
Read More »Azerbaijan in the Second World War
Beginning of the war. Azerbaijan in the annexationist plans of the struggled parties. Mobilization of forces of the people for reflection of aggression of an enemy. The international situation in 30 years has become much more complicated. The opportunities of continuation of struggle with peace ways behind world domination, behind …
Read More »Azerbaijan Seeks New Long-Run Equilibrium Amidst Post-Devaluation Financial Turmoil
Azerbaijan, the third largest oil producer in the Commonwealth of Independent States (CIS) after Russia and Kazakhstan, shifted to a floating exchange rate regime on December 21, 2015, triggered by a rapid fall in oil prices. For the long term Azerbaijan had almost a constant peg of the US dollar …
Read More »Food balance calculation in Azerbaijan: Brief methodological explanations
The food balance is the economic table, reflecting sources of resources’ formation of the main type of food products and purposes its using. The food balance reflects statistical data on movement from product output to its final consumption and gives an opportunity to analyse current situation, to forecast its …
Read More »Sex-selective abortion: the reasons and consequences. Background and the Problem
“Eighteen goddess-like daughters are not equal to one son with a hump” – An ancient Chinese proverb. Abortion is the intended termination of a pregnancy; it may be chosen by a pregnant woman or forced to do it by others. First medical text about abortion techniques belongs to China about …
Read More »Traffic congestion – the nightmare of Baku
Abstract This paper studies the traffic congestion problem in Baku which has both negative economic and social impacts. I will particularly discuss the most important and significant reasons for jams in my paper. Despite some measures and actions are taken by government, the traffic problem is still serious and cannot …
Read More »