ABTC Scheduled 13 Thematic Courses in April
According to the curriculum for the current year, the Azerbaijan Bank Training Center (ABTC) is preparing 13 specialized courses for April.
They told Turan in the center, there will be organized training on the legal process, providing human resource management, operational risk management, consumer finance, internal control systems and internal audit in banks, motivation and evaluation, stress testing, business office, credit scroll, the analysis of financial reporting of a company for loan officers, operations with plastic cards, financial controls at banks, micro-finance and sales promotion, advertising and public relations.
Lectures and lessons will be conducted 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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