From the beginning, off-budget revenues of the Ministry of Taxes of Azerbaijan totaled 38.9 million manat, which is 17.6 million manat or 80% more than in the first three quarters of 2015, the Ministry said.
This year, cash payments to employees and freelancers of the Taxes Ministry amounted to 35.5 million manat. This is six times more than in the comparable period of 2015. Remaining in the possession of the Ministry, 3.3 million manat was directed to different purchases, payment for services and repairs.
Note that the extra-budgetary fund of the Ministry of Taxes is formed by 50% of the funds from the financial sanctions imposed on the violators of tax laws. Last year, the Ministry of Taxes employees got 25% of the financial sanctions. After the increase in the ratio the legal income of tax employees increased significantly. ----08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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