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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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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