American Chamber of Commerce in Azerbaijan (AmCham) welcomes President Ilham Aliyev’s decree on formation of “ABAD” public legal entity under the State Agency for Public Service and Social Innovations, Azertac reported.

Disciplined taxpayers of Azerbaijan will get tax incentives, said Samira Mustafayeva, head of the administration on tax policy and strategic research at the Taxes Ministry, while addressing a meeting with the members of American Chamber of Commerce in Azerbaijan (AmCham).

The recent decision of the President Ilham Aliyev on the approval of reforms to be held in the sphere of taxes in 2016 was hailed by a number of companies operating in the country.

The Azerbaijani Education Ministry intends to establish a fund for the development of education, Education Minister Mikail Jabbarov said at a business meeting on September 26, which was organized by the U.S.-Azerbaijan Chamber of Commerce (AMCHAM).

American Chamber of Commerce in Azerbaijan has held its Annual General Meeting electing a new President and six new members of the Board of Directors.