In June 2012 international assets of Azerbaijan without resources of the Oil Fund of Azerbaijan expanded by $8.54 million or 0.1% up to $11500.83 million. This index increased by $337.11 million or 3% against early year.
Central Bank of Azerbaijan (CBA) reported that in June resources in various foreign currencies (mainly in USD and Euro) in the international assets decreased to $11236.75 million. Cost of the basket of special drawing right (SDR), in which share of the capital of the country in the authorized fund of the International Monetary Fund (IMF), increased by 13.6% up to $263.87 million. During a year international assets of the country increased by $3991.36 million.-0-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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