In January-August 2015 the Ministry of Taxes transferred AZN 4 billion 565.3 million to the state budget in taxes, state fees and financial sanctions. That's 279.6 million manats or 5.8% less than in the same period of 2014.
Despite the decline in tax revenues, the Ministry of Taxes noted that the forecast was fulfilled by 101.4%.
In the first eight months of this year, the tax base increased by 52,897 new taxpayers. During the same period last year they recorded 1,388 subjects more. ----08D
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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