On January 28, 2025, the next meeting of the AHK Azerbaijan Tax, Customs, and Legal Affairs Working Group took place. The meeting focused on discussions regarding the planned changes in Tax Legislation. 

Guest speaker Rashad Nuriyev, Head of the Tax Policy Department at the State Tax Service provided detailed information to the participants about the draft law on changes to the Tax Legislation, prepared as part of the tax policy for the upcoming year's budget.

During the meeting, the main goals set forth in the draft law regarding the promotion of the investment environment and entrepreneurial activity, reduction of the tax burden on business entities, improvement of tax administration (tax control mechanism), and enhancement of the country's position in international rankings were emphasized. Additionally, the importance of steps taken towards the development of regulations in public-private partnership (PPP) projects, digitalization, and coordinating platforms for rental services was noted.

According to the report, this is reflected in the draft law "On Approval of the Charter of the Clean Energy Center of the Economic Cooperation Organization", which was included in the agenda of today's session of the Milli Majlis (Azerbaijani Parliament).

The Clean Energy Center is an organization that unites the collective efforts of member states to promote renewable energy and reduce the impacts of climate change.

The draft law was put to a vote and passed in a single reading.

Energy and Ecology, stated at the first plenary meeting of the Milli Majlis’ spring session held Monday, Report informs.

According to the MP, the technical renewable energy potential of Azerbaijan on land is estimated at 135 gigawatts, and 150 gigawatts at sea : "Taking into account the current pace of development, Azerbaijan aims to increase the share of renewable energy in installed capacity for domestic consumption to 33.1% by 2027, to 35.1% by 2030, and to 40.4% by 2035."

Gurbanov recalled that currently several companies are implementing renewable energy projects in the country, and interest in this field is growing: "It is projected that a total of $2.5 billion will be invested in six solar and two wind energy projects in Azerbaijan by 2027."

Azerbaijan’s economy has long been dependent on oil and gas exports, and the EBRD aims to reduce this reliance by bolstering the competitiveness and inclusiveness of the private sector. Key initiatives will target small and medium-sized enterprises (SMEs) in non-oil sectors such as agribusiness, manufacturing, services, ICT, and infrastructure. A particular emphasis will be placed on supporting female- and youth-led businesses, driving innovation, and enhancing export capabilities.

Alongside fostering a more competitive private sector, the EBRD’s strategy also focuses on accelerating the country’s shift to a greener economy. Azerbaijan has significant potential for renewable energy, and the bank plans to back the growth of solar and wind projects, improve energy efficiency, and enhance climate resilience. Another key component of this transition involves strengthening the country’s energy grid to facilitate the export of renewable energy.

The EBRD also intends to leverage Azerbaijan’s strategic location at the crossroads of Europe and Asia. Investments in sustainable transport networks, digital infrastructure, and municipal projects will further enhance Azerbaijan’s regional connectivity, with a specific focus on the Middle Corridor.

“Our interaction with EAEU member partners today is filled with numerous mutually beneficial projects in various spheres. We are particularly pleased with the steady positive dynamics of trade and economic interaction. Azerbaijan's trade turnover with the EAEU countries increased by more than 14 percent last year,” he said.

According to him, investment interaction between the member countries of the organization is also developing along an increasing line.

“A large package of investment projects is being implemented between our countries. We have established joint investment funds with some of our partners to mobilize mutual investments in various sectors of the economy. This initiative is already bearing fruit.

Many mutual visits took place between our countries last year, both at the level of heads of state and at the level of heads and members of government. This is evidence of the intensive dialog between our countries at various levels,” Ali Asadov added.

Azerbaijan's Agroservis OJSC under the Ministry of Agriculture has announced a tender for the procurement of spare parts and car repair services.

The participation fee for the procedure is set at 350 manat ($205.8).

Those interested in participating in the tender must submit their proposals by 11:00 (GMT+4) on February 20, 2025. The opening of the tender packages will also take place on February 20 at 11:00 (GMT+4).

Additional Information:

Phone number: (+99451) 226-28-93.

Contact person: Pakiza Salakhova (s.pakize@aqroservis.gov.az)

Address: 1965 Ziya Bunyadov Avenue, Baku, Azerbaijan.

Azercosmos Space Agency has announced a tender for voluntary medical insurance for its employees.

Participation in the procedure costs 250 manat ($147.06).

Those wishing to participate in the tender should send their offers until 08:00 (GMT+4) on February 19, 2025. The tender package will be opened at 08:00 (GMT+4) on February 19, 2025.

Additional information:

The telephone number: (+99412) 310-00-55.

Contact Person: Nilufer Guluzadeh.

E-mail: tender@azercosmos.az

Address: 72 Uzeyir Hajibayli street, Nasimi district, Baku city.

The National Depository Center (NDC) of Azerbaijan announces a tender for audit services engagement.

The cost of participation in the tender is 43.83 manat ($25.7).

Those wishing to take part in the tender should send their proposals by 12:00 (GMT+4) on February 13 this year. Opening of tender packages will take place at the same time (February 13 at 12:00 (GMT+4).

Additional Information:

Phone number: (+99412) 538-31-90.

Contact person: Zulfugar Gaibov.

E-mail: tender@mdm.gov.az

Address: 2A G.Zardabi avenue, Baku city.

Azerbaijan investment holding bids tender for software maintenance services

Azerbaijan Investment Holding has announced a tender for the purchase of technical support services and revision of 1C software.

The cost of participation in the procedure is 89.27 manat ($52.4).

Those wishing to participate in the tender should send their offers until 17:00 (GMT+4) on February 12, 2025. Opening of tender packages will take place on February 12, at 17:00 (GMT+4).

Additional Information:

The telephone number: (+99412) 599-87-80 (domestic - 2950)

Contact person: Afgan Gojayev (afqan.gojayev@aih.az)

Address: 6, Azerbaijan avenue, Sabail district, Baku city.

Azerbaijan's Aztelecom to purchase software licenses via tender

Aztelecom company, under the Azerbaijani Ministry of Transport, Communications, and High Technologies, has announced the tender for the purchase of software (Think-Cell) licenses.

The tender participation fee is 30.25 manat ($17.79).

Those wishing to participate must send their proposals till 16:00 (GMT+4) February 7, 2025.

The tender packages will be also opened at 16:00 on February 7.

Additional information:

Phone: (+99412) 344-00-00 (int. 2243)

Contact: Aysel Abbasova (aysel.abbasova@aztelekom.az)

Address: 187 Moscow avenue, Baku, Azerbaijan

Azerbaijani Prosecutor General's Office bids tender for attraction of car repair services

The General Prosecutor's Office of Azerbaijan announced a tender for the purchase of Hyundai car repair and oil change services.

The cost of participation in the tender is 250 manat ($147).

Those wishing to take part in the tender should send their offers until 17:00 (GMT+4) on February 6, 2025. Opening of tender packages will also take place on February 6 at 17:00.

Additional Information:

Phone number: (+99412) 492-64-80.

Contact person: Parviz Adigozalov (adgozalov.parviz@prosecutor.gov.az)

Address: 7, Nigar Rafibeyli Street, Baku.