Zarifa Hamzaeva, the owner of 84.5% of Premiumbank's shares, has passed away, the Bank reported. She was also the wife of Jahangir Askerov, the founder and president of Gazelly Group, the leading cosmetics manufacturer in the country, and the former head of Azerbaijan Airlines (AZAL) (dismissed in September 2023).
Premiumbank was created under the name Silk Way Bank as a result of the mysterious privatization of Azalbank, which was owned by AZAL from 1993 to 2008, and changed its name to its current one in 2018. In addition to Z. Hamzaeva, other shareholders include the company VIP Aviation Services with a 15.2% stake and Elvira Ahmedova with a 0.3% stake.
Finance
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In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period in 2023. In particular, last year, customs duty revenues increased by 20.2% to 158.2 million manat, while VAT (Value Added Tax) revenues decreased by 0.45% to 463.5 million manat. Excise tax revenues increased by 6.2% to 19.55 million manat, and road tax revenues increased by 45.9%, amounting to 5.2 million manat.
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An auction for the placement of interest-bearing, unsecured, undocumented, registered bonds of the non-bank credit organization (NBCO) Embafinans with the code AZ2013020600 ISIN, worth 2 million manat for a one-year term, was held at the Baku Stock Exchange (BSE), the BSE reported.
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In 2024, nominal income of Azerbaijan's population totalled AZN 83,093.4 million.
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In 2024, Azerbaijan's state budget revenues totalled AZN 37,164.2 million and budget expenditures AZN 37,719.7 million. This was reported by the State Statistics Committee.
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