In October of this year the State Customs Committee (SCC) transferred AZN 107 mln to the state budget. Over the past four months the customs stabilized the collection of customs duties and taxes at the level of AZN 107 million - in such a pace they can perform the annual plan.
In SCC they told Turan that for ten months of 2012 they collected taxes and fees for a total of 987.8 million manats. This year it is projected to collect 1.2 bn. Summary of the fees account for the VAT. In October, its share in the customs duties was 85%.
In 2011, the SCC contribution to the state budget amounted to 1,141 mln. Next year, according to the draft of the state budget, the SCC will collect 1,380 mln. -08b-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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