ABTC hold in the last month of this year, 11 thematic courses
BAKU/29.11.13/TURAN : The curriculum for the current year , Azerbaijan Bank Training Center (ABTC ) is preparing for December 11 specialized courses.
As reported by Turan in the center , there will be organized trainings on credit evaluation , information technology management , human resource management , international financial reporting standards , Database Administrator Oracle 11g, risk management measures to combat money laundering , business ethics and corporate behavior , branch management , loans and tax legislation in the financial services industry .
Lectures and classes will be lead by local experts . - 15B -
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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