SOFAZ Sells First of Six Real Estate Assets Previously Purchased Abroad

In 2023, Azerbaijan demonstrated a trend in both attracting foreign direct investment (FDI) and placing domestic investments abroad. According to Friday's briefing by Samir Nasirov, Director of the Statistics Department of the Central Bank of Azerbaijan (CBA), the country has seen a significant increase in foreign direct investment indicators, which highlights a prosperous economic environment attractive to international investors.

The Central Bank of Azerbaijan (CBA) is actively working to increase the role of investment companies in the country's financial sector.

In the realm of Azerbaijan's financial landscape, a longstanding issue has captured the attention of global economic watchdogs: the pronounced disparity between loan and deposit interest rates within the country's banking sector.

In the realm of global finance, the State Oil Fund of Azerbaijan (SOFAR) is poised to face a notable reduction in its assets, as projected by the International Monetary Fund (IMF).