Official press published consolidated statement of Joint Stock Company Azerenergy last year. According to official data, the net profit of the state monopoly on the production of electricity was 84 million 589 thousand manats (minus 46.3% in comparison with the results of 2012). Pretax profit is 130 million 607 thousand manats (8.3 %). Total retained earnings as of January 1 of this year are 224 million 475 thousand manats (+ 60.4%).
The main part of the assets (5 billion 518.91 million manat) refers to long-term investments - 5 billion 20.25 million manat. Shareholders' equity amounted to 2 billion company 201.58 million ( + 8.9%). Share capital since early last year is 1 billion 760 million 495 thousand manats.
The level of investments decreased by 19.2% - to 262 million 987 thousand manats. Liabilities JSC in 2013 increased by 0.09 % - up to 3 billion 317 million 331 thousand manats.
Total revenues for the company last year amounted to 743 million 252 thousand manats (minus 0.9 %) , operating profit of 92.11 million ( 3 %).
Under the law, all public organizations, regardless of activity required to submit before May 1, public financial reports. However, not all responsible agencies operate provisions of the Charter. - 17D-
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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