New Amendments to Tax Code in Azerbaijan?

New Amendments to Tax Code in Azerbaijan? The bill on amendments to the Azerbaijani Tax Code will be submitted to parliament in late April-early May. These amendments will take effect on January 1, 2013, Deputy Head of the Main Tax Policy and Strategic Research Department at the Azerbaijani Tax Ministry Mahaddin Namazov said on April, 9th, 2012. “The government is discussing the bill,” he added. “It is expected to be submitted to the parliament in late April-early... Read More

EU’s position on South Corridor ‘not changed

EU’s position on South Corridor not changed The position of the European Union on the South Corridor has not changed and we want to open this corridor as soon as possible. Head of the EU Representation in Azerbaijan Roland Kobia told the statement to journalists,Gun.Az reported. He said that they didn’t wish any delays in that issue. “As for TANAP, we have seen no agreement yet but we hope that will issue will find its solution soon. We can study more gas in Azerbaijan.... Read More

SOCAR Oil Export Declined by 7 % in the first quarter of 2012

SOCAR Oil Export Declined by 7 % in the first quarter of 2012 The State Oil Company of Azerbaijan exported 5,2 million tonnes of oil via all routes including Baku-Novorossiysk, BTC and Baku-Supsa pipelines in the first quarter of 2012 which is 7,2  % lower than compare with the same period last year. SOCAR exported 5,6 million tonnes in the first three months of 2011 . Sources at the SOCAR mentioned that Baku-Novorossiysk exported 496,8 thousand tonnes of oil in the first 3... Read More