Baku/08.04.14/Turan : Ten major contributors last year provided 48.9 % of total revenues in the state mandatory social security fund or 695.16 million manat. Total registry SSPF registered 1 211 of them.
According to the head of the Department of SSPF to work with major insurers Mirnemat Mammadov, the largest amounts listed state oil company , BP Exploration ltd., the joint venture Azfen, Closed Joint Stock Companies AZAL and Azerbaijan Railways , as well as the corporation Accord.
During the reporting period the law violators fined 1.4 million manat , other income totaled 2 million 455 thousand manats.
In general, the amount of compulsory revenues to the state social security fund amounted to 1 billion 422.4 million manat, of which costs of the organization were 552.1 million manat. -17D-
Economics
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
Leave a review