On 9 August the Cabinet adopted a resolution, according to which the Ministry of Agriculture will receive 64 service vehicles, and seven of them have been granted to officials in the central administration office. Now, the service of the agricultural department managers have 19 cars. Thus, the Ministry of Agriculture of the unit became the second government agency on the number of official vehicles, after the Ministry of Foreign Affairs (24.) The number of official vehicles territorial departments of Agriculture increased from 10 to 60. Addition one car got the State Phytosanitary Service and the State Agency on Agricultural Credits under the Ministry of Agriculture, which now have three official vehicles.
This year, the Ministry of Agriculture created the State Service for registration of plant varieties and control over seeds, the device which has received the decision by the government three service cars. Totally, 68 government agencies (excluding the Cabinet of Ministers and the Presidential Administration) have more than 1,800 official vehicles. 08D
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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