The forecast of revenues and expenditures of the balanced budget of the State Social Protection Fund ( SSPF ) of Azerbaijan for 2014 amounted to 2 billion 928.5 million manat (+11.2 % compared with the data of the year ) .
Less than half (39 % or 1 billion 142 million manats ) SSPF revenues will be generated by transfers from the state budget . Contributions to the state fund of social insurance of employees of budgetary institutions is projected at 541.3 million manat (up 6.1%) .
The remaining revenues of the fund will be provided by contributions for social insurance from the private sector and other income.
Revenues and expenses SSPF for 2013 were approved at 2 billion 632 million 695 thousand manats. - 17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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