Bank Of Baku

SOCAR to reduce budget transfers by AZN 50M

SOCAR to reduce budget transfers by AZN 50M
# 18 February 2016 12:01 (UTC +04:00)

According to draft law, the forecast on profit tax from PSAs makes AZN 370 mln, down 1.8 times from an indicator of 2015.  
 

SOCAR is forecasted to reduce the transfer by AZN 50 mln to the AZN 1,240,000,000 in 2016, which is down AZN 170 mln or 13.7% compared to 2015’s indicator. 

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THE OPERATION IS BEING PERFORMED