Amounts of Dividends from State Enterprises of Azerbaijan in 2007 Defined

Business Materials 25 December 2006 14:38 (UTC +04:00)

According to the law On 2007 State Budget confirmed by the order of the Azerbaijani President, it is expected to receive AZN 18 mln dividends from the state enterprises in 2007. Large part of the dividends (AZN 12,5 mln) is planned to be received from the International Bank of Azerbaijan, where 50,2 % of the shares belong to the Government. In addition, it is expected to receive dividends from other state enterprise Kapital Bank (100% belongs to the state property) in amount of AZN 1,2 mln and non-banking credit organization Aqrarkredit AZN 1 mln.

The remaining incomes will be achieved at the expense of the enterprises included in the system of the Ministry of Communications and Information Technologies, which plans to transfer AZN 3 mln dividends to the state budget. In addition, transfers to the state budget will be made by OSC AzЙ™rlotereya in amount of AZN 0,3 mln.