Azerbaijan and Moldova have agreed on cooperation in the securities market
Government agencies of Azerbaijan and Moldova have agreed on October 23 in Baku to cooperate in the exchange of information and experience to improve the regulatory framework for the securities market.
During the visit, the delegation from Moldova, led by Deputy Chairman of the National Commission for Financial Markets of the country Nina Dosci signed a Memorandum of Understanding on the cooperation of the parties, aimed at strengthening cooperation in capital markets. From the Azerbaijan side the memorandum was signed by the Deputy Chairman of the State Committee for Securities Ilgar Muradov, Turan was informed in the Public Relations Sector of the Committee.
Prior to this, the SCS signed similar documents with regulatory agencies in Turkey, Georgia, Kazakhstan, Ukraine, Belarus and other countries. --08D--
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review