Tax incentives are being introduced in Azerbaijan in connection with the upcoming 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29). This initiative involves proposed amendments to the Tax Code, which were deliberated upon during a session of the Azerbaijani parliament.
6.8 billion kilowatt-hours of electricity have been produced at the "Yenikend" Hydropower Station since its commissioning, Azernews reports citing the Ministry of Energy.
In April 2023, Azerbaijan saw a significant surge in natural gas exports to Italy, more than doubling the amount in the first quarter of 2024, Azernews reports, citing "Avrostat," the Statistical Office of the European Union.
In 2023, Azerbaijan achieved macroeconomic stability as government and Central Bank measures curbed inflation to single-digit levels, Azernews reports.
The recent disclosure of the "Execution of the 2023 state budget of the Republic of Azerbaijan" illuminates a robust trajectory in the nation s economic landscape over the past year, Azernews reports.