Baku: Losses in the main gas pipelines in Azerbaijan have significantly reduced by more than 58% during the first nine months of this year. In January-September, the country reported a loss of 29.6 million cubic meters of gas in its main pipelines, marking a 58.4% decrease compared to the same period last year, as reported … Read more
Baku: The revenue and expenditures of the State Social Protection Fund (SSPF) budget for 2025 are projected to amount to AZN 7,676,420,000.0. This was reflected in the draft law on the “2025 budget of the State Social Protection Fund,” which was discussed in today’s session of the Milli Majlis (Parliament). According to Azeri-Press News Agency, … Read more
Baku: Azerbaijan has announced a significant increase in oil pipeline losses for the year 2024, as reported by the State Statistics Committee of Azerbaijan. In the period from January to September of this year, the country experienced a loss of 3,500 tons in its oil pipelines, marking a 25% increase compared to the same period … Read more
BAKU: Azerbaijan delivered medical services to a total of 826 participants at the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29). The event was hosted in Baku, and the medical services were managed by the Management Union of Medical Territorial Units (TABIB), as reported by … Read more
Baku: Azerbaijan is set to implement a significant change in the taxation of journalists, as the Milli Majlis (Azerbaijani Parliament) discussed proposed amendments to the Tax Code. These amendments would exempt 75% of journalists’ incomes from income tax without any conditions, marking a substantial shift in the financial landscape for media professionals in the country. … Read more
Baku: In a significant move to bolster micro-entrepreneurs in specific service sectors, the Milli Majlis (Parliament) has proposed amendments to the Tax Code that will exempt 75% of the income earned by individual micro-entrepreneurs from taxation. These exemptions apply to those whose annual turnover does not exceed AZN 45,000, starting from next year. Importantly, this … Read more
Baku: The European Bank for Reconstruction and Development (EBRD) has forecasted that real economic growth in Azerbaijan will be 3.8% in 2024 and 2.7% in 2025. This announcement comes amid various factors that could influence these projections, such as fluctuations in oil and gas prices and regional geopolitical instability. According to Azeri-Press News Agency, EBRD … Read more
Baku: President Ilham Aliyev has appointed Kamila Huseyn Dadash-zade as the new rector of the Azerbaijan National Conservatory. This appointment follows the dismissal of Siyavush Ashraf Karimi from the position. According to Azeri-Press News Agency, President Aliyev signed an official order for this leadership change. Dadash-zade’s appointment marks a new chapter for the conservatory, an … Read more
Baku: Azerbaijan has announced plans to lease agricultural lands near residential areas in liberated territories to local residents under preferential terms. This initiative, aimed at supporting the agricultural development of these regions, was formalized through an amendment to the law “On Land Lease,” which was recently approved by President Ilham Aliyev. According to Azeri-Press News … Read more