By November 1 the State Oil Company SOCAR transferred in the form of taxes to the state budget 1 billion 271 million 276 thousand manat (minus 18.8% in comparison with January - October last year, when it was 1 billion 564 million 548 thousand manat). Of these funds in October it had 136 million 31 thousand manat.
AZN 115,417,000 was transferred to the State Social Protection Fund (SSPF) under the compulsory social insurance (minus 3%), of which in October - 11 million 194 thousand manat.
Recall, according to government estimates, SOCAR will transfer to the state budget by the end of the year 1.5 billion manat (at the end of last year it was 1 billion 855 million 230 thousand manat). --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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