The Ministry of Taxes in the investigation of 339 criminal cases on the facts of tax evasion and illegal business activities provided transfer to the state budget of more than 54 million manats. It is reported by the press service of the ministry.
The amount of funds transferred increased by AZN 9.7 million compared with the first nine months of 2015. The proceedings of 175 criminal cases were ended because of full payment of the taxes.
In total for the first nine months of 2016 investigation of 719 cases was completed by the Department of Preliminary Investigation of Tax Crimes. On 11 people a preventive measure of arrest was decided, and 109 people on 95 criminal cases were sent to court. ----08D
Economics
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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