In August of this year, customs revenues to the state budget amounted to 117 million AZN, which is the worst figure since February this year.
According to the State Customs Committee, last month the amount of customs revenue dropped compared with July by 24.6 million AZN or 17.4%.
In just eight months of this year through the SCC has been transferred to the state budget 1 billion 23.9 million AZN, which is 2% more than in the same period in 2014.
The SCC does not comment on the reasons for reducing customs revenues. Despite the potential (many consumer goods are made at the Azerbaijani customs at reduced prices), experts suggest that the amount of customs revenue will not exceed the approved forecast - 1 billion 590 million manats. --08B
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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