Baku: The total assets of the banking sector in Azerbaijan have reached an impressive AZN 49,697.8 million, marking a 1.1% increase from the beginning of this year. This growth was observed over the period from January to October, as reported by APA-Economics, citing the Central Bank of Azerbaijan. According to Azeri-Press News Agency, the sector’s … Read more
Baku: Azerbaijan’s revenues from cargo transportation via main gas pipelines increased by 5.7% from January to September this year, reaching AZN 1,999,005 thousand. This marks a notable rise compared to the same period last year, the State Statistical Committee reported to APA-Economics. According to Azeri-Press News Agency, the revenue for the corresponding period last year … Read more
Baku: The foreign liabilities of the banking sector have increased by AZN 28.4 million compared to the beginning of the year, reaching AZN 2 billion 626.5 million as of November 1. According to Azeri-Press News Agency, the increase in foreign liabilities is mainly related to the rise in the volume of short-term deposits attracted from … Read more
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
