State close JSC “Azerbaijan Railways” received in the first half of this year a profit amounting AZN 7.4 million, for the amount of revenue from freight and passenger carriages in the amount of 110.4 million manta, Turan was told in the company.
In the structure of “Azerbaijan Railways” the expenses for paying wages to employees, amounted to 35.7 million AZN: payment of electricity, fuel and water - 19.2 million manat, goods and materials - 20 million manat, etc. In the first half of this year, the close JSC “Azerbaijan Railways”, considered one of the largest taxpayers, paid to the state budget three million manat.
During January-June11.1 million tons of cargo were transported over rail ways. Of these, 2.3 million tons are local carriages. On the territory of the country 3.1 million tons of cargo were brought to the country by railway, and 1.9 million tons of cargo were exported. On the railways were transported 3.8 million tons of transit cargo, including 2.5 million tons of oil. 08D
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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