The check-ups conducted by the Turkish state agencies in various companies, including Petkim are not related to SOCAR’s operations in this country, Turkish Minister of Energy and Natural Resources Berat Albayrak said at the meeting with SOCAR’s President’s Rovnag Abdullayev. The meeting has taken place after the session of the high level Economic Dialogue with the international investors in Ankara, which was attended by SOCAR’s President.
Minister was interested with the course of implementation of SOCAR’s projects in Turkey and the projects implemented by the Turkish companies in Azerbaijan.
Albayrak said that SOCAR’s investment projects are implemented according to the schedule and the latest events in Turkey’s political life did not affect the course of works.—0—
Economics
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Azerbaijan is witnessing a sharp contraction in its foreign trade turnover, with data for the first half of 2024 showing a significant 38% year-on-year decline. According to the State Statistics Committee, the nation's trade turnover from January to June 2024 amounted to $21.77 billion, a steep fall from $30.3 billion recorded during the same period in 2023.
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Elnur Aliyev, Advisor to the Minister of Science and Education, stated to journalists that a per capita financing system will be introduced in schools by the end of 2026: "This is currently a pilot project. It will be implemented in a group of schools. This year, the project will be launched in several schools."
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The Cabinet of Ministers of the Republic of Azerbaijan has adopted a resolution to approve the "Rules for the Transportation of Passengers, Luggage, and Cargo-Luggage by Rail Transport." This resolution, No. 352, was signed by Prime Minister Ali Asadov and aims to improve the efficiency and quality of railway transport services in the country.
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The Cabinet of Ministers of the Republic of Azerbaijan approved a series of amendments to the excise rates on excisable goods imported into the country on July 23. The changes, ratified on January 19, 2001, and coming into force 30 days from today, aim to align tax rates with current economic conditions and trade policies.
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