Starting from 2025, Azerbaijan to calculate budget price of oil from $70

The Ministry of Finance has published an overview and preliminary indices of state budgets for 2025. According to the document posted on the Ministry's website, next year the budget will include an average annual export price for 1 barrel of Azerbaijani Azeri Light oil in the amount of 70 US dollars. This is down by $5 from 2024. Apparently, the government decided to be somewhat cautious about oil revenues in the next year.

Please login or subscribe to read more

Leave a review

Ad *

Your review *

Oxudum və razıyam Şərh göndərmə qaydaları

- Finance
- 18 September 2024 11:03
FMO held a two-day seminar on green financing for Bank Respublika employees
- Finance
- 18 September 2024 11:24
Azerbaijan's state budget in 2025 will amount to more than 23 billion dollars

Finance

Finance
- 13 February 2025, 12:43
Azerbaijan to redeem part of domestic public debt ahead of schedule
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.

Read more
Finance
- 13 February 2025, 11:53
Azerbaijan approves ‘Rules on Operational Risk Management in Banks’
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.

Read more
Finance
- 13 February 2025, 11:22
Azerbaijan increases social insurance receipts by nearly 12%
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.

Read more
Finance
- 13 February 2025, 11:07
Azerbaijan's revenues from export of insurance services decline by more than 23%
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).

Read more