TODAY.AZ / Business

Heydar Babayev: "Resolution of the Azerbaijan's Cabinet will freeze prices on grain and bread until the new sowing season"

01 May 2008 [13:53] - TODAY.AZ
"The resolution of the Cabinet of Ministers on releasing import of rice and flour from VAT and customs tariffs in Azerbaijan will ensure freezing prices on grain, flour and bread".

The due announcement was made by Azerbaijan's Economic Development Minister Heydar Babayev.

"We have information and rise in prices on bread. At the same time, according to our monitoring, its weight is decreased, as stated in some mass medias. Anyway, the government of Azerbaijan is closely engaged with this issue and yesterday's resolution is our reaction to the price hike", said the Minister.

It should be noted that by the resolution of the Cabinet of Ministers, import of rice and flour to Azerbaijan is released from VAT from April 30 of 2008. Moreover, import of these goods to the country will be imposed customs tariffs under zero rate.

"I think this regulation will definitely promote freezing of prices on grain and bread until the new sowing season", the Minister said.

/Day.Az/
URL: http://www.today.az/news/business/44697.html

Print version

Views: 1469

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: