During 11 months State Oil Company of Azerbaijan (SOCAR) paid 1,487,412,000 AZN to the state budget, up 199,509,000 AZN or 15.5% against the same period last year.
SOCAR press office reported that in November 2013 SOCAR paid 163,344,000 AZN to the state budget. This is the best showing this year.
From January to November 2013 SOCAR had paid 147,765,000 AZN to the State Social Security Fund, up 3,198,000 AZN or 2.2% against the same period last year.
During 2012 SOCAR’s tax payments to the state budget totaled 1,425,027,000 AZN, while to the Social Fund’s budget – 157,501,000 AZN.
This year number of SOCAR’s employees decreased by almost 10,000 people, but despite that SOCAR’s social payments increased by over 3,000,000 AZN.—0—
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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