Last week’s laws, orders and decrees in Azerbaijan (Nov. 18-22)

Goods imported to Azerbaijan with external financing to be subject to customs duties

Azerbaijan abolished customs exemptions for goods imported with external funding. These exemptions have been in force since April 22, 1998, and their validity will be finalized before December 19, 2013.

The Azerbaijani Cabinet of Ministers has made changes to the current decision "On rates of custom duties on export-import operations".

According to the changes, goods which are brought into the country through foreign loans of individuals and legal entities, foreign governments, international organizations, and also with Azerbaijan's share in the projects with external funding were withdrawn from the list of goods not subject to the import customs duties, the Cabinet Minister's decision said.

According to the decision, the changes do not apply to goods imported into the country with financial aid, grants or technical assistance.

Rules on creation and management of duty free approved in Azerbaijan

Azerbaijan's Cabinet of Ministers approved the rules for creating duty free shops and the regulation of their activities, a message of the Cabinet of Ministers said.

According to the rules, permission for creation of such shops is given by the State Customs Committee of Azerbaijan. Appeal for permission should be considered within 30 days and in the case of detection of shortcomings in the documents of the term is extended for another 15 days. Permission is issued for a period of five years.

The rules also define the requirements for the work of such shops. Duty-free shops can be created in the area of ​​customs control, at international airports and sea ports and border customs checkpoints.

Azerbaijani parliament approves increase in cost of living and criteria of need

The Azerbaijani Parliament adopted bills on the budget of the State Social Protection Fund, the cost of living and criteria of need for 2014.

According to the project it is projected to increase the State Social Protection Fund's expenditure and revenue by 11.2 per cent or 295.8 million manat up to 2.928 billion manat in 2014.

The cost of living in the country will be increased from 116 manat this year to 125 manat in 2014 including for the able-bodied population to 136 manat (125 manat in 2013) and for children and pensioners to 103 manat (93 manat and 94 manat respectively).

The bill on 'Criterion of need for 2014', envisages an increase of this criteria for targeted social assistance from 93 manat in 2013 to 100 manat.

Moreover, MPs approved the expenditure estimate of the Azerbaijani Parliament and the Chamber of Accounts for 2014.

Azerbaijani parliament approves draft state budget for 2014

Milli Majlis (parliament) of Azerbaijan has approved the draft state budget for 2014.

Azerbaijan extends tax preferences for agricultural producers

Azerbaijan extended the tax preferences for agricultural producers for five more years. The Azerbaijani parliament approved changes to the law 'On provision of temporary tax preferences to agricultural producers'.

According to the changes to the law, starting from January 1, 2014, individuals and legal entities engaged in the production including industrial production of agricultural products, will be once again exempt from all taxes except land tax for a period of five years. Tax preferences for agricultural producers have been implemented in Azerbaijan since 2001.

These preferences implemented in Azerbaijan, allowed agricultural producers to save 1.4 billion manats (approx. $1.7 billion).

In this period the volume of agricultural production in the country increased from 1.2 to 4.8 billion manats.

Azerbaijan introduces voluntary dissolution of legal entities

The Milli Majlis (parliament) of Azerbaijan approved the amendments to the Civil Code, at a session.

The amendments include introduction of a fine for intentional acceptance of official declaration, which confirms the solvency for covering all claims of a liquidated legal entity's creditors. The fine for office-holders is set at 1,000 manats.

The amendments also define the term of liquidation of legal entities, which is set at a maximum of one year.

According to the amendments, the term of registration of branches and representative offices of foreign legal entities will be reduced to a maximum of two days. Local limited liability companies will be able to register right after submission of an electronic application or within a single day in case of conventional address.

S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Georgian Railway resumes passenger transfers
Georgian Railway resumes passenger transfers
Loading Bars
Turkey confirms 9,193 new COVID-19 cases, 2,693,164 in total
S&P Global affirms Georgia’s sovereign credit rating at ‘BB’
Razi COVID-19 vaccine to begin clinical trial: Minister
5 died after accident in northeast China chemical fiber plant
US regulator approves Johnson&Johnson coronavirus vaccine
Kazakhstan twofold decreases exports to Norway amid COVID-19
Iraq reports 3,543 new COVID-19 cases, 692,241 in total
5.3-magnitude quake hits 3 km SW of Point MacKenzie, Alaska
Qatar reports 460 new COVID-19 cases, 163,197 in total
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
Number of COVID-2019 cases across globe up by over 427,000 in past day
Slovenia confirms first case of coronavirus variant identified in S. Africa
UN Security Council adopts resolution on vaccination
UK records another 8,523 coronavirus cases, 345 deaths
Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology
Turkey reports 9,205 new COVID-19 cases, 2,683,971 in total
Iran, Russia emphasize need to coop. in agricultural sector
When will Georgia receive its first doses of the COVID-19 vaccine?
House poised to approve Biden's $1.9T coronavirus relief bill in Friday vote
Canada approves use of AstraZeneca COVID-19 vaccine
Azerbaijan discloses volume of liabilities of banks in Jan. 2021 accounting for deposits
Azerbaijan imposes restrictions on import of poultry meat from Estonian county
Amount of financial support of Kazakh manufacturing sector by Baiterek holding increases
Attracting FDI can help Georgia to boost exports of high-value food products - OECD
European Council extends mandate of special representative for South Caucasus
Kuwait reports 1,022 new COVID-19 cases, 189,046 in total
WHO says COVID-19 vaccine rollout in Africa has gathered steam
Armenia has always supported terrorism - MP
All news