In the five months of 2016 the Ministry of Taxes transferred taxes and state fees for a total amount of 2 billion 683.5 million AZN to the state budget. According to the Ministry’s analytical information department, the plan was fulfilled by 103.2%.
However, comparison of the indicator of tax collection shows that compared with January-May 2015, the revenues decreased by 165.3 million AZN or 5.8%.
The Ministry of Taxes does not provide details about the level of tax collection across sectors and regions of the country. --- 08D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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