Government insists on obtaining dividends from SOCAR
Government insists on obtaining dividends from SOCAR
The State Oil Company (SOCAR) was supposed to pay dividends worth AZN 200 million in 2023 and AZN 408 million in 2024, but failed to fulfil this obligation.
This is stated in the Accounting Chamber's conclusion on the Draft Law ‘On State Budget for 2025’.
However, next year SOCAR's obligation to pay dividends was raised by AZN 54 million or 13.2 % as compared to this year to AZN 462 million. It seems that the government insists on obtaining dividends from SOCAR.
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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