In 2015, persons having permission from the Ministry of Ecology and Natural Resources used 565.6 from 677.9 tons of quotas on fishing. Compared to 2014 quotas on the fish decreased by 35.8%. In 2015, permission to fishing received 156 legal entities and individuals, by 35% less than in the previous year.
They have officially been caught sprats - 138 tonnes (in 2014 - 195.5 tons), herring - 118 tons (349.2 tons), as well as kutum - 116 tons, mullet - 78 tons, etc. To obtain permission 26.700manat were paid to the special Fund of the Ministry of Ecology and Natural Resources. According to the minimum consumer basket (approved on June 16, 2014), in Azerbaijan minimum needs of the rate of consumption of fish and fish products per capita is 7.7 kg per year; fish consumption a year should reach 74,000 tons. --08B--
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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