In January of this year the State Customs Committee directed to the state budget AZN 97.3 million in the form of customs duties and taxes. This is 28.2 million or 22.5 % less than in December last year .
According to the SCC , in January, the volume of collected customs duties amounted to 19 million manat. This is 54% less than a month earlier. The volume of raised VAT was 73.5 million, AZN 2.1 million less than in the previous month.
Compared with January 2013 the "contribution" of the customs to ensure the state budget revenues increased by 7.8 million manat.
The monitoring of the consumer goods market showed that in January of this year, prices for some imported goods in retail sales increased, which should be reflected in the growth of customs revenue. SCC does not comment on the decline in customs duties.
In 2014, customs officers must provide to the state budget 1,510,000,000 manats. This is 9.4% more than last year . - 08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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