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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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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