AGP Executive Report
Last update: 36 minutes agoTax and Business: Proposed tax changes include an 8% simplified-tax option for domestic freight carriers for five years, VAT relief for qualifying apartment resales, and six-year VAT and customs-duty exemptions on tractor sales and parts imports from 2027. Public-catering businesses would also gain more flexibility to remain under simplified taxation. Energy Investment: SOCAR agreed to pay $1.65 billion for minority stakes in US Haynesville gas assets, subject to regulatory approvals. Oil and Public Finances: Azeri Light fell 5.85% to $106.81 a barrel, still well above the 2026 budget benchmark of $65. Azerbaijan aims to raise non-oil revenues to 60.6% of budget income in 2027. Growth and Reconstruction: The country plans to more than double aquaculture output to 7,700 tonnes by 2030, while state investment in rebuilding Karabakh and East Zangezur is projected to reach $22.82 billion by that year.
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