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SOCAR increases transfers to SSPF

SOCAR increases transfers to SSPF

10 August 2016 14:34 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred nearly AZN 127,110,000 to the state budget in July 2016, down AZN 18,415,000 or 12.65% from the last year.

SOCAR transferred over AZN 788,852,000 to the state budget in January-July 2016, down AZN 85,403,000 or 9.76% compared to the previous year.

Moreover, SOCAR transferred AZN 12,074,000 to the State Social Protection Fund in July 2016, up AZN 901,000 or 8.06% from 2015.

Totally, SOCAR transferred over AZN 81,606,000 to the State Social Protection Fund in January-July 2016, up AZN 649,000 or 0.8% compared to the previous year.

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