During 2014 SOCAR transferred 1,855,230,000 AZN to the state budget against the plan of 1,825,000,000 AZN. The plan was overfulfilled by 1.65%, reported SOCAR’s press office.
SOCAR has increased payments to the state budget of Azerbaijan by 17.8% against 2013.
In December 2014 SOCAR paid taxes to the amount of 148,309,000 AZN to the state budget.
During 2014 SOCAR paid 141,240,000 AZN to the State Social Security Fund as mandatory social insurance (decline by 12.9% against 2013). In December 2014 the company paid 11,706,000 AZN to the Social Security Fund.
In 2013 average export price of oil was $109.7 per barrel. In 2014 1 barrel of Azerbaijani oil cost slightly over $100.—0—
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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