Alibaba suffered big losses in 3rd quarter

Chinese e-commerce giant Alibaba has suffered heavy losses.

Types of imports to be VAT-exempt for 10 years in liberated lands

Imports of raw materials and materials necessary for production in the occupation-liberated territories will be exempt from VAT for 10 years.

VAT refund for non-cash payments increases to 17.5%

In order to stimulate non-cash transactions in Azerbaijan, the refund of 17.5% of VAT paid in non-cash form is planned from next year.

Import of household air conditioners increased by 41.8% for Jan-Sept

Compared with Jan-Sept 2021, the import of household air conditioners from the main types of products increased by 41.8% for the relevant period of 2022.

Butter import in Azerbaijan has increased sharply

McDonald's in Kazakhstan suspends work

All McDonald's restaurants in Kazakhstan will be suspended from 18 November.

Costs on import of edible oils increased by $71.45 million for Jan-Oct

The State Customs Committee has published a monthly report.

Demand for vegetable oils grows in Azerbaijan

Azerbaijan imported 124,997 tons of vegetable oils for $221.6 million for Jan-Oct 2022.

Azerbaijani company starts exporting its output to 3 more countries

Some jobs in service sector decreased

The State Statistics Committee has published a report on goods produced in the country over the past 10 months.

Turnover of cash registers increased by 49% for 10 months

Azerbaijani population bought foods for AZN 22.7 bn for Jan-Oct

Over the past 10 months goods for AZN 40.4 bn were sold to consumers in Azerbaijan's retail chains

Daily sales at online trading platforms in China amounted to almost $157 bn

The sales at online trading platforms on the occasion of Bachelor's Day in China reached 1.1 trillion yuans ($156.9 bn).

One more product to grow in price at world market

Coffee prices from Colombia are expected to rise in 2023.

Customs Committee transferred taxes and fees to budget for AZN 4.65 bn

Over Jan-Oct 2022, the State Customs Committee transferred taxes and duties in the amount of AZN 4.646 bn to the State Budget of Azerbaijan

Food exports in October amounted to $73 million

The November issue of the Export Review clarifies some economic issues.

Azerbaijan increased tea exports by 48.9%

Azerbaijan's total exports for the past 10 months amounted to $34.7 bn and exports of the nonoil sector - $2.4 bn

Baku Shopping Festival starts in the capital and will last 14 days

With the support of the Azerbaijan Association of Retail Importers of Clothing (AFRA) and Kapital Bank, the Baku Shopping Festival will be held in Baku from 6 November.

Gasoline AI-95 is mainly used in Russia

Despite the fact that in Russia in 2022 the number of drivers buying AI-95 gasoline will decrease, still more than half of drivers in the country use this type of fuel.

Food shortage increases in France

The level of food shortages in supermarkets and hypermarkets in France increased by 5.8% in October.

Customs authorities to pay VAT for imports within 1 day

VAT for imports in Azerbaijan is payable by customs authorities to the State Budget within 1 banking day starting from 1 January 2023.