![Over 60% of Tax Revenues Provided by Non-oil Sector](https://turan.az/resized/./turan-750-500-resize.webp)
Over 60% of Tax Revenues Provided by Non-oil Sector
In 2014, the revenues of the state budget via the Ministry of Taxes from the non-oil sector amounted to 4 billion 306,500,000 manat, which was 60.5% of the tax revenues.
According to the Ministry of Taxes, tax revenues from the non-oil sector increased by 14.5% compared with 2013.
Note that in 2014 the Ministry of Taxes collected taxes and duties (including state duty) of 7 billion 113.6 million manat, which was 100.2% of the target. 08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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