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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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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