In January-July 2016 the Ministry of Taxes collected a total amount of 3 billion 849.9 million AZN, which is 254.1 million AZN or 6.2% less than for the comparable period of 2015, due to reduced revenues from the oil sector.
At the same time the Ministry of Taxes reports that it coped with the plan by 100.4%.
In July, the Ministry of Taxes collected taxes and state duties amounting to about 660 million AZN.
During this period, the number of taxpayers increased by 62.5 thousand. ------08D
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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