Industry

Azerbaijan sees decrease in precious metals prices

Prices for precious metals in Azerbaijan on May 27 decreased compared to previous indicators, Trend reports citing data from the Central Bank of Azerbaijan (CBA). Accordingly, an ounce of gold fell by 13.8465 manat or $8.14 (0.43 percent), amounting to 3,227.076 manat ($1,898), and an ounce of silver – by 0.8196 manat or 48 cents […]

Industry

Azerbaijani Central Bank puts up short-term notes for new auction

The Central Bank of Azerbaijan (CBA) put up short-term notes worth 100 million manat ($58.8 million) with a circulation period of 28 days for an auction held at the Baku Stock Exchange (BSE), Trend reports on May 27 referring to the BSE. During the auction, 18 investors submitted 30 orders in the price range from 99.52 manat […]

Industry

Azerbaijani oil prices rise

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 24 cents on May 26 compared to the previous price, reaching $68.99 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $68.35 per barrel […]

Industry

Positive dynamics in receipts to the state budget of Azerbaijan on fees from compulsory state social insurance and insurance against unemployment remains, Azerbaijani Minister of Economy Mikayil Jabbarov wrote on Twitter, Trend reports. The minister noted that in the first four months of 2021, the collection on these premiums was 112.6 and 111.4 percent, respectively. “In total, over 140.4 million manat ($82.5 million) has been transferred to the budget for both types of insurance fees,” Jabbarov wrote. Earlier, Mikayil Jabbarov noted that thanks to the transparency in the labor market, fees for compulsory state social insurance increased, as a result of which the dependence of the State Social Protection Fund of Azerbaijan on the state budget decreased. If in 2017 the share of financing from the budget was at the level of 38.1 percent, then at the end of 2020 this figure was less than 25 percent. Source: TREND News Agency

The revenues of the state budget of Azerbaijan from taxes amounted to 780.7 million manat ($459.2 million) from January through April 2021, having topped the forecasted figure by 31.7 percent, Azerbaijani Minister of Economy Mikayil Jabbarov wrote on Twitter, Trend reports. According to the publication, 451 million manat ($265.2 million) out of the total receipts […]