Composition of Tariff Council expanded

Amendments have been made to the Regulation of the Tariff (Price) Council.

Another 3 subjects receive status of residents in Sumgait Industrial Park

In Sumgait Chemical Industrial Park, the resident status was assigned to 3 business entities, thus, the number of residents of the industrial park reached 35.

Tax revenues in Azerbaijan increased by 75%

State Budget tax revenues for Jan-Mar 2023 from the State Tax Service (under the Ministry of Economy) increased by 74.8% versus the 2022 same period up to AZN 4.899 bn.

Vugar Bayramov: Togg is also a new source of imports for Azerbaijan

The development of the Turkish industry, as well as the production of the first domestic electric car Togg will open up new opportunities for the Azerbaijani industry

The largest number of complaints relate to Kontakt Home

In the first 3 months of 2023, the largest number of complaints received by the Free Consumers’ Union related to Kontakt Home, ABC.AZ reports, quoting FCU head Eyub Huseynov.

A range of business agreements signed between Azerbaijan and Kazakhstan

A number of agreements between Azerbaijan and Kazakhstan were signed in Baku.

Double taxation between Azerbaijan and Japan abolished

Double taxation will be abolished in respect of income taxes between the Republic of Azerbaijan and Japan.

Selcuk Bayraktar visited Sumgait Chemical Industrial Park

Electronic portal of creditors launched

The Azerbaijan Deposit Insurance Fund held last year the presentation of the project of the electronic portal of creditors of banks in the process of liquidation.

Tax Service wants to limit departure of company’s head from country

The State Tax Service wants the departure of the head of Eco Control Systems LLC from the country to be restricted in Azerbaijan

Selcuk Bayraktar thanked Ilham Aliyev

Turkish company Baykar technical director Selcuk Bayraktar thanked Azerbaijani President Ilham Aliyev.

Inam Karimov nominated for post of judge of Supreme Court

Milli Majlis received a question "On the appointment of a judge of the Supreme Court of the Republic of Azerbaijan".

Mikail Jabbarov offered Russian investors the opportunities of Alat Free Economic Zone

At the meeting held at the Ministry of Economy the issues of diversification of Azerbaijan-Russia economic partnership the parties discussed development of interregional ties and brought to the attention favorable business and investment opportunities of our country.

McDonald's shuts down US offices in U.S.

McDonald's has temporarily shut down all of their US offices as they prepare to deliver layoff messages online to a number of their employees across the country.

British company to begin production at Zafar gold deposit in 2024

British company Anglo Asian Mining plans to start production at the new gold and copper deposit Zafar (Victory) in the west of Azerbaijan in 2024

President Ilham Aliyev to receive electric car Togg

Turkish-made electric car Togg will be presented to President Ilham Aliyev, ABC.AZ reports, quoting Turkish Industry & Technology Minister Mustafa Varank.

German companies' investments in China achieve record level

According to German Institute of Economics’ (IW) estimates, German companies' investments in China have grown significantly over the past two years.

MP: Executive power to be abolished

The issue of liquidation of the executive power has been on agenda for a long time. I’ve repeatedly raised this issue. I’ve already said that the duties of the executive authorities should be transferred to authorized representatives

State Water Resources Agency established in Azerbaijan

The State Water Resources Agency has been established on the basis of the State Agency of Water Resources of the Ministry of Emergency Situations.

Several pharmaceutical plants to be built on territory of Alat FEZ

German national debt rose to €2.37 trillion

Germany's public debt grew by 2% (€46.1 bn) in 2022, reaching €2.367 trillion, ABC.AZ reports with reference to the Federal Statistical Office of Germany (Destatis).