In June of this year, the State Customs Committee transferred to the state budget 144.8 million AZN. This is the lowest rate since April.
According to the SCC, customs revenues decreased by 61.5 million AZN or around 30% in June.
It is noteworthy that in June, SCC was able to collect a record amount of customs duties - 60 million 270.8 thousand AZN.
This year, the tax collection plan for SCC and fees increased from 1 590 million AZN to 1 810 million AZN. For six months it transferred to the state budget 995.3 million AZN, which is 30% more than in the first half of 2015. Despite the decline in imports, customs officers cope with the implementation of budgetary commitments due to the strengthening US dollar against the national currency. -----08B
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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