In 2013, the state budget received 52,900 manat in the form of dividends on state-owned enterprises privatized. The amount of dividends reduced since 2010.
According to the State Committee on Property (SCP), which manages the state shares in privatized JSC, in 2013, income from dividends decreased 10%. In 2010, the state shares in partially privatized JSC brought to the state budget 106,800 manats.
Privatization of state-owned enterprises shares began in 1998, and dividends have been received since 2010. Since that time, the total dividend amounted to about 1.2 million manat.
Through SCP, 1,599 JSC were established on the basis of state-owned enterprises, including 5 JSC in 2013. According to the SCP report, in 2013 the state had shares (20-45 % or more) in about 300 JSC. On cash auctions were sold shares of 41 JSC, on specialized cash auctions - 5 JSC and at investment competitions - 3 JSC.
Most JSC, in which the state has a stock share, are idle. Almost 99% of these companies are located outside the city of Baku. -08B -
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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