From January to November 2014 SOCAR has transferred 1,706,921,000 AZN to the state budget of Azerbaijan, up 14.8% against the same period in 2013.
This year SOCAR planned to transfer 1,825,000,000 AZN of taxes to the state budget. This means that during 11 months SOCAR has fulfilled 93.5% of its annual plan to the state budget.
SOCAR press office reported that in November 2014 SOCAR has paid taxes to the amount of 142,373,000 AZN to the state budget.
From January to November 2014 SOCAR has paid 129,534,000 AZN to the State Social Security Fund as obligatory social insurance (down 12.4% against the same period last year).
In November 2014 SOCAR’s payments to the State Social Security Fund totaled 10,618,000 AZN. In 2013 SOCAR’s tax proceeds to the state budget totaled 1,574,437,000 AZN.—0—
Economics
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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