During 10 months, 2013 SOCAR has paid 1,324,068,000 AZN to the state budget, up 14.2% against the same period in 2012.
SOCAR press office reported that in October 2013 the company transferred 138,976,000 AZN to the state budget.
During 10 months, 2013 SOCAR’s payments to the State Social Security Fund for the mandatory social insurance totaled 133,490,000 AZN, up 1.5% against the same period last year.
In October 2013 the company’s payments to the Fund totaled 13,378,000 AZN.
During 2013 SOCAR plans to transfer 1,490,400,000 AZN of taxes to the state budget.
In 2012 SOCAR transferred 1,335,235,000 AZN of taxes to the state budget of Azerbaijan.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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