The SOCAR Vice President on Economic Issues Suleiman Gasimov told reporters JSC Azerenergy started to pay the SOCAR bills for the supplied natural gas.
Thus, according to him, the money in full was transferred for the deliveries in April and May of this year, which was promoted by the new payment mechanism approved by the Cabinet of Ministers of Azerbaijan on January 1. A special account was opened for the state monopoly, which accumulates money received from electricity users. Half of the funds repay the natural gas supplied by SOCAR.
The Vice President of the company noted the partner’s debt at 348 million AZN, a tenth of which was formed in January-March this year, and 314 million AZN is the debts of previous years. --17D-
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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