An official explanation from SOFAZ said that assets decreased due to certain early transfers to the state budget of Azerbaijan and changes in the market value of part of SOFAZ's investment portfolio, especially invested in shares.“We performed the function of protecting the macroeconomic, fiscal balance and timely fulfillment of obligations to the consolidated and state budgets. So, to ensure the growing demand for foreign currency in the foreign...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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