The SOCAR report (http://www.socar.az/socar/az/home) for January-April has been published.
Its tax payments since the beginning of the year amounted to 444 million 975 thousand manats (minus 5.91% to May 1 of the previous year). In April, 119 million 845 thousand manats was transferred, which is even smaller (minus 9.55%) than last year's figure.
Slightly better are the contributions to the State Social Protection Fund - 45 million 108 thousand AZN was passed since January (minus 3.19%). In April the figure was 13 million 138 thousand manats (+ 10.33% to last year's April). --17D-
Economics
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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