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
-
In 2025, the Azerbaijan's state budget earnings from oil and gas sector will be by about 750 million manats less than in 2024.
-
In 2025, the Azerbaijani government will consider raising salaries of employees of the Interior Ministry (police). This was stated by Finance Minister Samir Sharifov in Milli Majlis on 19 November.
-
In January-October 2024, the population of Azerbaijan earned a nominal income of AZN 68,097.2 million. This is reported by the State Statistics Committee.
-
The Baku Stock Exchange (BSE) has completed an auction on placement of interest-bearing, unsecured, undocumented, registered bonds of non-banking credit organisation 'Falcon Finance' under the code AZ 2002025321 ISIN, par value AZN 400, 000 and with 18-month circulation term. This is reported by BSE.
Leave a review