Zakir Ibragimov: Dependence of financing for development of gold deposits on State Budget eliminated

13:06 - 7.02.2022


February 7, Fineko/abc.az. We’ve increased the range of gold products with the growing demand.

ABC.AZ reports that AzerGold’s chairman of board Zakir Ibragimov stated about this at company’s annual reporting press conference.

Ibragimov underlined that new shopping centers will be created in the coming years. According to AzerGold’s chairman of board, in 2021 the company's reports were audited by international companies and received a positive conclusion.

"As a result of successful activity in 2020 and 2021, our company plans to pay AZN 20.5 bn of dividends. Financing for the development of gold deposit projects at the expense of the State Budget has been eliminated. In the future, exploration work on non-ferrous metal deposits will be carried out at the expense of the income we receive," Ibragimov said.

By Elmir Murad