In the securities market in Azerbaijan serious events coming
By the end of this year, the State Securities Committee will complete the process of creating a training center on the securities.
Establishment of a training center for Securities SSC Program provides capital markets modernization.
SSC announced on the eve of the possible establishment in 2014, the country's first private equity fund. Complaints received by the SSC for a license for an investment fund are currently under consideration. About planning to establish an investment fund it is not reported. However, earlier Turan reported that plans to create an investment fund were prepared by a new securities market participant Ltd. Invest-AZ.
The law On Investment Funds has been valid since December 2010. -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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