The Central Bank of Azerbaijan (CBA) intends to purchase special cars for collection and transportation of cash and valuables.
As stated in the declaration, a repeated tender has been announced for that (deadline for submission of proposals in the first competition expired on September 14, the participants were less than three, so in accordance with Article 11.1 of the Law "On public procurement" the second round was declared).
New proposals with the state fee in the amount of AZN 150 will be accepted until November 4, and the winner will be announced the next day.
Under the terms, armored vehicles should be available to the CBA for 150 calendar days from the date of conclusion of the contract. --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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