Azerbaijani agency reports enormous revenue
Ulviyya Shahin
Read moreThe Intellectual Property Agency earned 1,902,473 manats ($ 1119101.76) in revenue last year, Azernews reports, citing the agency's report for the year 2023.
It was noted that during the reporting year, the state budget received 224 thousand manats ($131764.70) in state fees due to the agency's provision of services stipulated in the "Law on State Fees" and the implementation of legal activities.
The amount of service fees received in 2023 for providing services stipulated by legislation and performing other tasks amounted to 4,760,875 manats ($2800514.69) , while expenses amounted to 2,858,402 manats ($1681412.93). Thus, the revenue of the Intellectual Property Agency amounted to 1,902,473 manats ($ 1119101.76) . This is 237,826 manats ($139897.65) more compared to 2022.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!