Azerbaijan will transit to Euro-4 standard of automobile fuel skipping Euro-3 standard, Sabig Abdullayev, Director of the Institute of Standardization and Certification of the State Committee for Standardization, Metrology and Patents, said at yesterday’s press conference.
He said the standard will be applied beginning April 1, 2014. This will be applied to the imported cars as well as those manufactured in the country.
Azerbaijani Premier Artur Rasizada has signed the resolution to transit to the Euro-4 fuel standard from April 1, 2014, which was published in the official press.
In December 2013 Sabig Abdullayev claimed that quality of the fuel made in Azerbaijan will be changed into Euro-3 till the end of 2014.
| Country-maker of automobiles | Year of car manufacture |
| EU member-states (Germany, UK, Belgium, Austria, Czech Republic, Poland, Holland, Italy and others) | since 2005 |
| USA | since 2004 |
| Japan | since 2011 |
| China | since 2011 |
| Korea | since 2006 |
| Turkey | since 2009 |
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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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