Azerbaijan Exempts Art and Antique Imports from VAT

Baku: Azerbaijan’s Milli Majlis has approved a significant amendment to the Tax Code, exempting imports of works of art, collectors’ items, and antiques from value-added tax (VAT). This exemption is aimed at facilitating the entry of cultural and hist…

Azerbaijani Oil Price Drops to $70

Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil on global markets has fallen by nearly $2. The price of one barrel of Azerbaijani oil decreased by $2.17, or 3%, to $70.03.

According to Azeri-Press news agency, the previous price of Azerb…

Vance’s Visit Marks New Era in Azerbaijan-US Relations

Baku: The visit of U.S. Vice President James David Vance to Azerbaijan has been deemed highly significant, marking the beginning of a new era in the relationship between Azerbaijan and the United States. This was stated by the Speaker of the Milli Maj…