Some 147,613 taxpayers affected by COVID-19 in Azerbaijan have applied for state support as of July 30, the Ministry of Economy reported on July 30.

Azerbaijan intends to expand e-business in 2021, Arzu Huseynova, acting director of the Institute for Scientific Research on Economic Reforms under the Azerbaijani Ministry of Economy said.

Some 145,740 taxpayers affected by COVID-19 in Azerbaijan, have applied for state support, the Ministry of Economy reported on June 24.

Azerbaijan has introduced a mechanism for restructuring debt obligations of credit organizations to the Entrepreneurship Development Fund in case of force majeure (natural disasters, epidemics, etc.) and a delay in repayment of loan obligations pursuant to the procedure established by the fund’s supervisory board, Trend reports with reference to the Azerbaijani Ministry of Economy.

Azerbaijan’s Entrepreneurship Development Fund has introduced new mechanisms for preferential lending to entrepreneurs, Trend reports citing the Azerbaijani Ministry of Economy.

SOCAR Polymer has launched production of raw materials for a special kind of fabrics used in the manufacture of medical masks, Ministry of Economy’s press service reported on June 4.

The Swiss State Secretariat for Economic Affairs (SECO) has approved a $1.6 million-program to be implemented jointly with Azerbaijan’s Ministry of Economy and the World Bank in the area of taxation, the Swiss Embassy in Azerbaijan press service reports on May 31, the Swiss Embassy reported in its official Facebook page on June 1.

The new appointment has been made at the Azerbaijani Ministry of Economy, Trend reports on May 19.

Some 130.333 taxpayers in Azerbaijan affected by COVID-19, have applied for state support, the Ministry of Economy reported.

Azerbaijani President Ilham Aliyev has signed a decree to appoint Elnur Aliyev as the Deputy Minister of Economy and to make other structural changes within the ministry, the Ministry of Economy reported on May 13.