State enterprises in Azerbaijan pay $77M in dividends

In 2022, other incomes to the state budget of Azerbaijan amounted to 546.8 million manats ($321.6 million), of which 130.7 million manats ($76.9 million) were dividends received from state-owned enterprises, Report informs, citing the annual report on the implementation of the 2022 state budget.

According to the document, last year International Bank of Azerbaijan paid 120.5 million manats ($70.9 million), Azerbaijan Caspian Sea Shipping CSC (ASCO) paid 10 million manats ($5.9 million), and Agrarcredit CSC non-bank credit organization (BOKT) transferred 0.2 million manats ($117.6 thousand) to the state budget.