In January-August, there was more active currency trading - in exchange offices the foreign exchange turnover amounted to 14 billion 27 million 982 thousand manats (on September 1 last year there was AZN 10 billion 196,730,000). Growth by 37.6% was due to the February devaluation and preferences for the dollar.
According to the Central Bank of Azerbaijan, the balance of banks in the foreign currency conversion transactions increased 1.79 times, and the volume of its sales has grown by half (+ 49.85%) - up to 10 billion 825 million 937 thousand manats (7 billion 224.64 million a year earlier). Purchase of foreign currency by banks has also become more intense - however, only by 4.17% - from AZN 2 billion 972 090 000 a year ago to the current AZN 3 billion 202,050,000. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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