According to the customs declaration, in 2013 Azerbaijan exported over 595.67 million Kwh of power against 482.7 million kwh in 2012, reads the Azerbaijan Customs Committee’s report.
The report reads that last year Azerbaijan exported power to a total amount of $24.85 million against about $24.76 million in 2012.
In 2013 Azerenerji (in charge of power generation and distribution in Azerbaijan) generated over 21.5 billion kwh of power against 21.3 billion kwh in 2012.
The capacity of the power stations, which Azerenerji owns, totals 6300 Mwt. The company owns 8 hydraulic power stations and 13 thermal power stations and over 20 sub stations.—0—
Economics
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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