How Much Does Official Cost?

The latest financial data reveals a noticeable shift in foreign direct investments (FDI) with net financial assets of foreign direct investment declining by $11.9 million, while net financial liabilities decreased by a substantial $358.6 million. Overall, the total FDI attracted from abroad reached $1.5 billion, whereas investments abroad by the country amounted to $330.5 million, according to the Central Bank's recent report.

Baku, Azerbaijan (Reuters) - Azerbaijan’s President Ilham Aliyev has issued a decree expanding the leadership structure of the State Oil Fund of Azerbaijan (SOFAR), appointing two deputy executive directors to assist in the fund's management. Previously, the executive director had only one deputy. This change is intended to enhance decision-making processes and operational efficiency within the fund.

The Economic and Social Commission for Asia and the Pacific (ESCAP) in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution (4SIM), the Azerbaijan Investment and Export Promotion Agency (AZPROMO), the World Economic Forum (WEF), and the MEXT Technology Center of Turkey have joined forces to spearhead the second phase of the IDEA project.

On June 12, president Ilham Aliyev has signed a decree to establish the Hajigabul Industrial Park, converting the existing Hajigabul industrial quarter in the Hajigabul district into a fully-fledged industrial park. The decree aims to create a well-equipped zone with the necessary infrastructure and management structures to foster entrepreneurial activities, focusing on the production of competitive products and the provision of services through modern technologies.