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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Today Azerbaijan takes part in the 26th annual meeting of the Black Sea Trade and Development Bank (BSTDB), which is held in Istanbul, Turkey. This was reported by the Ministry of Finance.
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A delegation of the Organisation for Economic Co-operation and Development (OECD) headed by Director General of the UK's Public Investment Organisation Charles Donald is on a visit to Azerbaijan.
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From January to November 2024, the total turnover of the 12 investment member companies of the Baku Stock Exchange (BSE) amounted to about AZN 93.25 billion.This is reported by the BSE.
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'Howden Specialty Luxembourg, S.ά.r.L’ and 'Volante (DIFC)' of the United Arab Emirates (UAE) have been included in the register of foreign insurers, reinsurers and insurance brokers of the Central Bank of Azerbaijan (CBA).
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