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Expert talks promoting import of electric and hybrid vehicles to Azerbaijan

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A program for recycling old cars to renew the car fleet is planned to be implemented in Azerbaijan, Transport expert, lawyer Arshad Huseynov told Trend.

"One of the main goals of this program is to prevent damage to the environment from old vehicles. In this regard, it is important to stimulate the import of environmentally friendly hybrids and electric vehicles," said the expert.

If hybrid cars imported into the country are exempt from excise tax, customs duties, and value-added tax (VAT) is reduced, the price of these cars will drop significantly.

"There are serious customs benefits for electric vehicles. However, it would be worthwhile to abolish customs duties for a while. Currently, electric vehicles imported into the country are exempt from excise tax and VAT, but they are subject to 15-percent customs duty. But it would be better if there was not this customs duty. In this case, the import of such cars into the country would increase massively," Huseynov noted.

The expert stressed that hybrids and electric vehicles are more efficient from an environmental point of view.

"Older cars are more polluting, while hybrid and electric cars are more environmentally efficient. Many people and various government agencies are proposing to stimulate the import of hybrids and electric vehicles, especially, the Ministry of Ecology and Natural Resources also supports this initiative," added Huseynov.

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Armenian Aggression

Turkey attaches importance to Azerbaijan-Turkey-Georgia trilateral format of co-op – FM

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Turkey attaches importance to the Azerbaijan-Turkey-Georgia trilateral format of cooperation, Turkish Foreign Minister Mevlut Cavusoglu said.

Cavusoglu made the remark at a press conference of the foreign ministers of Turkey and Georgia, Trend reports on March 3.

"We plan to hold a trilateral meeting, which was postponed due to the change and approval of the new staff of the Georgian government,” the Turkish foreign minister added. “Peace and truce in the Caucasus are very important for us. We support the territorial integrity of Georgia, as well as we support the territorial integrity of Azerbaijan.”

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Armenian Aggression

MasterCard users in Azerbaijan won’t need to visit bank branches for bank operations

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In the near future, MasterCard solutions will make it possible to carry out all banking operations without visiting bank branches, Mastercard Country Manager for Azerbaijan Erdem Chakar said during an online conference, Trend reports.

According to the MasterCard representative, individuals will not need to visit bank offices to order a MasterCard bank card.

Chakar also said that MasterCard plans to implement the 'Open Banking' project in Turkey, starting from 2022.

“For the implementation of this project in Turkey, at the governmental level, work is already underway to create appropriate regulatory legal acts. The 'Open Banking' is a concept that uses open APIs in finance,” he added.

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Armenian Aggression

Chief of Azerbaijani Aghdam’s Irrigation Department heavily injured in mine explosion

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Chief of Azerbaijan’s Aghdam District Mechanical Irrigation Department Hafiz Azizzadeh hit mine when fulfilling his duties in the territory of the liberated Novruzlu village, Trend reports on Mar.3 referring to a source in the department.

According to the source, Azizzadeh was hospitalized with heavy injuries. Currently, his condition is assessed as serious.

The village had been liberated from Armenian occupation as a result of the 44-day war (from late Nov. through early Nov.2020).

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