During 6 months, 2012 SOCAR paid 674,092,000 AZN to the state budget. The payments increased by 126,145,000 AZN or 23% against the same period last year, reported SOCAR press office.
During this period SOCAR also transferred 77,768,000 to the Social Security Fund. The payments increased by 12,324,000 or 18.8% against the same period last year.
SOCAR has increased payments owing to two factors: high oil prices at the world markets and SOCAR’s additional incomes from the Baku-Tbilisi-Ceyhan pipeline operation. Earlier the dividends were transferred to the accounts of the State Oil Fund.—0-
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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