By the end of the year in Azerbaijan may receive the first investment fund
The recently established brokerage company "Invest AZ" intends to establish in the second half of this year, the first in Azerbaijan Investment Fund. Turan was told the deputy director of "Invest AZ" Orhan Bagirov.
"Azerbaijan has matured very favorable investment climate for the development of the market share of capital, and we are determined to participate in this process," he said. The amount of capital investment fund and partner names have not been disclosed.
The company "Invest AZ" has a subsidiary in Turkey "Invest AZ Menkul Degerler AS", which is a member of the Istanbul Stock Exchange (ISE). It offers investors and companies to a whole range of services, both in the first and second level of the stock market for more than 10 financial instruments. On this platform, Azerbaijani companies can go for a listing of SWFs. "The work on the preparation of the educational project" Invest You "for young people and others seeking to test themselves on the capital markets. Will be scheduled and information campaigns, "concluded Bagirov.
The founder of the Company "Invest AZ" is a citizen of Azerbaijan Elshan Guliyev. About the size of the company's capital is not reported.
AR Law "On Investment Funds" came into force at the end of 2010. 08B
-
- Question-answer
- 24 May 2013 13:23
-
- Economics
- 24 May 2013 13:45
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