Vusal Gasimli: Amnesty to attract owners of capital to its legalization, if opportunity costs are met

International experience shows that the legalization of capital should represent the interests of its owners

Vusal Gasimli: Capital and property amnesty is possible in Azerbaijan

Azerbaijan is considering the matter of the use of amnesty for capital and property.

Tax revenues increased for 1st quarter of 2020

In the 1st quarter of 2020 the State Budget revenues amounted to AZN 7.81 bn, expenditures AZN 5.254 bn, and the State Budget surplus in the amount of AZN 2.556 bn.

Customs Committee published data on transfer to Azerbaijan`s budget this year

In the 1st quarter of 2020 the State Customs Committee transferred AZN 991 million to the State Budget (by AZN 91 million or 10.1% more against the forecast).

ADB has published a report on Azerbaijan

Azerbaijan`s total investments in fixed assets decreased by 2.3% amid a decline in governmental investments in the oil industry

ADB: Azerbaijan`s economic growth rate increased for 2019

Azerbaijan`s economic growth rate increased from 1.4% in 2018 up to 2.2% in 2019

ADB forecast on Azerbaijan: Economic growth to observe downturn in 2020

Azerbaijan observed the grown pace of economic growth last year due to tax incentives and increased gas production amid the growth of inflation and rising food prices

These businesses` turnover in Baku has grown - Result for 2 months

The turnover of public catering in the Azerbaijani capital increased by 9.4% in real terms up to AZN 144.4 million for Jan-Feb 2020

List of tax-exempt spheres

The Ministry of Economy has announced about the business support measures aimed at reducing the consequences of the coronavirus pandemic

Economy Ministry funds AZN 1.2 million for fighting against coronavirus

The Ministry of Economy of Azerbaijan transferred AZN 1.2 million to the Fund to Support Fight Against Coronavirus, established by a relevant presidential decree

Azerbaijan is in first row of states funding money most of all to lower damage from epidemic

Azerbaijan`s anti-crisis program amounts to AZN 2.5 bn, and at the same time makes up 3.1% of GDP

Vusal Gasimli: The world to come out of economic crisis in 2 years in best case

According to McKenzie`s calculations, the economic downturn will be 4.7% in the world this year, 9.7% in the euro zone, 2.7% in China and 8.4% in the U.S.

Economy Minister: The State to give support on salaries

A significant part of the salaries of entrepreneurs and employees of companies in the spheres most affected by coronavirus will be paid by the State

Statistics Committee: Production in this sphere has grown

Growth in the production of finished metal products has been recorded in Azerbaijan

MP: Getting a subsidized loan to become easier

We propose to introduce tax holidays and the application of benefits.

MP makes a statement about a discount on public utilities

The Azerbaijani government is tasked to consider within 3 months the preferential limits for public utilities and increase the preferential limit

List of measures to back some spheres of economy

An online event between governmental agencies and travel companies has been organized

Economy Ministry’s statement: Great damage done to these spheres

A video format meeting of businessmen with representatives of the Ministry of Economy has been arranged.

For information of entrepreneurs: Deadline for paying taxes extended

Gusar launches production of medical alcohol – 25,000 liters to be produced daily

Funds allocated for fixed assets increased - result of two months

AZN 1.965 bn were allocated from all financial sources for fixed assets for the development of the country`s economic and social spheres for Jan-Feb 2020