In January and February 2016 SOCAR has transferred 215,882,000 AZN to the state budget ($132.4 million at the current rate), SOCAR told Turan.
In January and February 2015 SOCAR’s transfers to the state budget of Azerbaijan totaled 226,729,000 AZN ($251.9 million at the average rate then).
In February 2016 SOCAR transferred 98.2 million AZN to the state budget (108,227,000 AZN in February 2015).
In February 2016 SOCAR transferred 10,922,000 AZN to the State Social Security Fund (11,534,000 AZN a year ago). In January and February 2016 SOCAR’s transfers to the Social Security Fund totaled 21.05 million AZN (23,465,000 AZN during the same period last year).—0—
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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