ABTC has become the regional center
Azerbaijan Bank Training Center (ABTC) has become a regional electronic test center for local financiers. Within the innovation about 10 people have already expressed their willingness to become certified accountants - the Manager for Public Affairs Elkhan Mammadov told Turan.
Appropriate license issued by the Center of the Association of Certified Accountants Royal (ACCA). According to the regional (the Baltic States, the Caucasus and Ukraine), the head of the international structure of Natalia Volchuk, the creation of the Center will make the mass training of young local financiers. In this case there will be no need for their exit exams abroad. She expressed satisfaction with the professional skills of local coaches.
Head ABTC Javanshir Abdullayev said that the offer training courses and certification programs that meet international standards will affect the long-term training of the financiers of the South Caucasus.
ACCA, founded in 1904, is an internationally recognized symbol of expertise in the field of accounting. This is one of the fastest growing accounting organizations in the world. According to recent reports, the organization has 147 thousand members and 424 thousand students from 170 countries.
"Certified royal accountant" is a legally protected term. Public interests are leading in the ACCA. In this regard, the association provides a regular and well-organized support for their accountants. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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