SOCAR's tax deductions to the state budget of Azerbaijan in January-October 2016 amounted to 1 billion 150.172 million manat, according to the SOCAR press office.
Note that for 10 months of 2015 SOCAR paid to the state budget 1 billion 271 million 276 thousand manat as taxes. That is, for 10 months in 2016 its contributions to the state budget decreased by 9.5%.
In October of this year, SOCAR tax payments amounted to 125.345 million manat to the state budget of Azerbaijan.
SOCAR payments for contributions for compulsory social insurance in January-October 2016 amounted to 119.37 million manat (3.4% growth). In October, the company charges amounted to 12 million 207 thousand manat.
In 2015, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1 billion 480.195 million manat.
In 2016 the plan for SOCAR tax payments to the state budget is set at 1 billion 240 million manat. -12D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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