During 2013 State Oil Company of Azerbaijan (SOCAR) ensured 23.6% of all tax proceeds to the state budget of Azerbaijan, reads the SOCAR report of stable development for 2013 posted on the official web site of SOCAR.
The report reads that in 2013 6,663,400,000 AZN has been transferred to the state budget as taxes. Of this sum 1,574,494,000 AZN were the assignments of SOCAR. This means that in 2013 SOCAR’s share in the tax proceeds to the state budget constituted 23.63%.
SOCAR is the tax payer No1 in the country.—0—
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz