The Ministry of Taxes of Azerbaijan reports that it fulfilled the forecast by 100.8% in tax collection in the first half of 2015.
The ministry transferred 3,346,307,000 Manat to the state budget. The non-oil tax rose by 11.6%, amounting to 2,289,222,000 Manat. The oil & gas tax was 1.027 billion Manat without direct transfers of the state oil company and the state oil fund. The share of oil sector in the formation of the state budget, despite the decline in oil production and lower prices for it, remains high - 68.4%.
In 2015, under the Ministry of Taxes the state budget should receive 7.112 billion Manat, of which 4.812 billion Manat regards the non-oil sector and 2.300 billion Manat regards the oil sector.
Revenues of the state budget in 2015 have been approved in the amount of 19.438 billion Manat, while the expenses are 21.100 billion Manat. -0—
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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