On Saturday, on July 19th was conducted training in Jalilabad region on "Financial Analysis", organized by the Training Centre on the market capital under the State Committee on Securities. This is the first event of this kind behind Baku, after the start of the Training Center in March this year.
"Financial Analysis" is an introductory course in the professional capital market. All interested persons with basic education can take part in the training. In Baku, these courses cost students 219 manat.
The course provides information on the financial relations, its place and role in social processes, professional financial assessment.
Regular training on "Risk Management" is scheduled for 3rd of August in Jalilabad region. 08D
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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