Baku: The expenses of the Unemployment Insurance Fund (UIF) for 2026 will be approved in the amount of 266,400,000.0 manat. This approval is part of the law “On the 2026 Budget of the Unemployment Insurance Fund,” which was sanctioned by President Ilh…
Baku: The right to be a payer of simplified tax in Azerbaijan will undergo significant changes as outlined in recent amendments to the Tax Code, reported by APA. This development was sanctioned by President Ilham Aliyev and introduces a novel approach…
Baku: Income earned from renting out residential premises owned by individuals to other individuals will now be subject to a 10% tax withheld at the source of payment. This change excludes hotels and hotel-type accommodation facilities.
According to…
Baku: Excise taxes on tobacco products in Azerbaijan will see an increase starting next year, as reported by APA. This adjustment is part of the amendments to the Tax Code, recently approved by President Ilham Aliyev.
According to Azeri-Press News A…
Baku: A presentation ceremony for the “Virtual Western Azerbaijan” encyclopedic collection took place in Baku, as reported by APA. This comprehensive digital resource was developed by the Strategic Communications Center, relying heavily on primary sou…
Baku: Azerbaijan has solidified its position as China’s largest investment destination in the South Caucasus region, with a significant rise in Chinese foreign direct investment (FDI) over the past decade. According to APA-Economics, citing the Eurasi…
In commodity markets: The price of gold futures per troy ounce (31.1 grams) has declined, APA-Economics reports.
According to Azeri-Press News Agency, based on the exchange data, on New York’s COMEX commodity exchange, the price of February 2026 gol…
Khankendi: A festive concert was organized in Khankendi city on December 29 to celebrate the International Solidarity Day of Azerbaijanis and the New Year. The event was held in Victory Square as part of the “Winter Tale” fair.
According to Azeri-P…
Baku: Elkhan Ogtay oglu Ibrahimov has been dismissed from the position of head of the Nasimi District Executive Authority of Baku. President Ilham Aliyev has signed an order to this effect.
According to Azeri-Press News Agency, the decision to remov…