(MENAFN - AzerNews) By Ayya Lmahamad
The share of non-budget organizations in revenues from compulsory state social insurance increased by 13.8 percent year-on-year in the first quarter of 2021, Azerbaijan s Economy Minister Mikayil Jabbarov wrote on his official Twitter page on April 23. These organizations provided 61 percent of total revenues, which is by 2.2 percent more than the same period last year, Jabbarov said.
Earlier, the minister stated that compulsory state social insurance contributions to the state budget amounted to AZN 895 million ($526.4M) in the first quarter of the year, which is by AZN 107 million ($62.9M) more than forecasted. He added that non-budget organizations provided AZN 75.1 million ($44.1M) of extra revenues. In addition, he stressed that transparency in the labor market is being increased.
(MENAFN - AzerNews) By Ayya Lmahamad
The Southern Gas Corridor is a very good example of cooperation between Azerbaijan and the European Union, Head of the EU Delegation to Azerbaijan Kestutis Jankauskas said in a video address circulated in the delegation s Facebook page on February 18.
Jankauskas stated that the EU is currently looking for ways to further develop the cooperation with Azerbaijan over the Southern Gas Corridor. Southern Gas Corridor, which is a European Commission s project to take Azerbaijan gas to European markets, became operations in early 2021.
Jankauskas noted that Azerbaijan and the EU have been long-standing partners since the country s independence.