Children"s Day kicks off competition of knowledge about Azerbaijan
June 1, starts competition of knowledge about Azerbaijan.
According to the Ministry of Communications and Information Technology (http://mincom.gov.az/media-ru/novosti/page-1250/details/1642), June 1 for the first time in the Internet starts national intellectual competition "I - Azerbaijani".
The purpose of the contest - to introduce and promote the national cultural heritage. Take part in the competition you can through the website and www.azerbaycanliyam.az page on the social network Facebook. Register on the site has already begun.
The contest will continue until December 1. Every 10 days, the winners, which were included in the top ten, will be awarded to netbooks, which were included in the first hundred - 10th manat contours of local mobile operators, the winners for the month will be awarded to the iPhone and iPad, and the participants of the Super Final will receive solid cash prizes.
The winner of the Super Final, if it goes to the master's degree in ICT profession in a foreign university, determined in accordance with the State Program on Education of Azerbaijani youth in foreign countries in 2007-2015's, instead of prize money may choose to pay their education fund human resources for development of ICT.
Super Final will take place during the first week of December, when the ministry will organize a special event, which will bring together participants to identify the three main winners. - 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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