BAKU, Azerbaijan, July 23. Azerbaijan exported products manufactured in the Nakhchivan Autonomous Republic to Georgia, Russia, Yemen, Türkiye, the US, Kyrgyzstan, and other countries during the first six months of this year, the Minister of Economy of Nakhchivan, Kazim Huseynaliyev, said, Trend reports.
The total export value amounted to $5.8 million, which is 16 percent more compared to the same period last year.
In the first half of 2025, in order to expand export potential and learn from international experience, the participation of 45 entrepreneurs in 11 international events held domestically and abroad was ensured, and the products of 13 companies were exhibited at three international exhibitions. A total of 183 certificates of origin were issued for goods exported from Nakhchivan, which is 10.2 percent more than in the same period of 2024.
The Ministry of Economy issued 23 licenses to entrepreneurs. Of these licenses, 43.5 percent were related to pharmaceuticals, 13percent to express postal services, 8.7 percent to private healthcare, and 34.8 percent to other types of activities. A total of 4,399 permits were registered in the registry by the relevant institutions of the Nakhchivan Autonomous Republic, bringing in 103,500 manat ($60,900) to the budget. Compared to the same period of 2024, the number of issued permits tripled, and revenue increased by 85.2 percent.
Over the first half of 2025, the Entrepreneurship Development Fund (EDF) allocated 7.4 million manat ($4.35 million) to finance 77 projects.
Of the total concessional loans financed by the Fund, 73.6 percent was directed to industry, 18.3 percent to agricultural production, and 8.1 percent to services. During this period, 8.6 percent of the concessional loans were small-sized, 23.9 percent were medium-sized, and 67.5 percent were large-sized. The issued loans enabled the creation of 80 new jobs.
In the first half of 2025, concessional loans totaling 5.8 million manat ($3.41 million) were repaid. During the same period, 2.1 million manat ($1.24 million) of problematic loans were also recovered.
The number of authorized credit institutions cooperating with the EDF doubled compared to the same period last year, reaching eight.
The main source of revenue for the budget of the Nakhchivan Autonomous Republic was tax collections through the State Tax Service.
In the reporting period, total tax revenues across Nakhchivan amounted to 115.8 million manat ($68.1 million) against a forecast of 93.8 million manat ($55 million), which is 23.4 percent above target and 18.6 million manat ($10.9 million) or 19.2 percent more year-on-year.
In the first six months of 2025, contributions to compulsory state social insurance totaled 86.4 million manat ($50.8 million), contributions to the unemployment insurance fund amounted to 2.2 million manat ($1.29 million), and contributions to mandatory health insurance totaled 15.1 million manat ($8.88 million).
In the reporting period, more than 22,000 individuals were received by taxpayer service centers, and nearly 30,000 services were provided, which is 22.2 percent more than in the same period last year. Satisfaction with services provided at the centers reached 99.5 percent. In the first six months of 2025, more than 660,000 informational notifications of various types were sent to taxpayers, 60 meetings were held, and 248 targeted services were delivered.
The innovative "Get Your VAT Back" mechanism for refunding part of the VAT has continued successfully in the autonomous republic. Since 2023, more than 3 million manat ($1.76 million) in VAT has been refunded to consumers under this project. In January–June of this year, the amount refunded to consumers increased by 20.5 percent compared to the same period last year, reaching 808,400 manat ($475,500). In the first six months of 2025, cashless transaction turnover increased by 31.4 percent compared to the same period in 2024, reaching 592.3 million manat ($348.4 million).
Revenue from the leasing of state property to the budget totaled 358,700 manat ($210,990), which is 221,400 manat or 2.6 times more than the corresponding period in 2024. During the reporting period, 122 new lease agreements were signed, and 107 existing contracts were extended as a result of efficient state property management.
In the first half of 2025, 55 state properties were privatized. Revenue from privatization amounted to 881,600 manat ($519,760). In total, 1.24 million manat ($731,000) was obtained from the privatization and leasing of state property during the first six months of this year.
In the first six months of 2025, the number of applications submitted through electronic services increased by 7.3 percent compared to the same period in 2024, reaching 3,135. During the same period of this year, 24 auctions were held, which is nine percent more than in the same period last year. Additionally, during the first half of this year, 4,967 real estate properties were registered, which is one percent more compared to the same period in 2024.
