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Exhibition "Tourism and Travel" - AITF 2023 to open in Baku on April 4
Baku/31.03.23/Turan: The 19th Azerbaijan international exhibition "Tourism and Travel" AITF 2023 will be held in Baku Expo Center from April 4-6, for the first time after a 3-year break caused by the pandemic.
The exhibition brings together representatives of the tourism industry, national and regional tourism organizations and government agencies from different countries. In addition to Azerbaijan, the AITF 2023 exhibition will be attended by companies from Belarus, Bulgaria, Georgia, Cuba, Poland, the Russian Federation, Slovenia, Tunisia, Uzbekistan, the Czech Republic, Switzerland and other countries.
Note that Belarus, Poland, Uzbekistan and the Czech Republic will take part in the national stands.
This year Bulgaria, which is a permanent participant of the exhibition, is the General Sponsor of AITF 2023 and Uzbekistan is a partner country.
Organizer of the AITF 2023 is the company "Caspian Event Organizers". -08B-
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- Finance
- 31 March 2023 12:33
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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