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
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review