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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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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