International Certificates for Local Auditors
Local auditors are awarded a national certificate of accounting. Certificate was presented to the International Education Center GRBS R head of the Chamber of Auditors of Azerbaijan Gasham Bayramov.
According to him, the document issued to 52 auditors, including 13 women is the recognition of the conformity of their knowledge with the unified global accounting standards.
"This is the first national award of this level, and they are given, in addition, in the categories" account management "," tax records "," compliance with international standards of financial accounting ", - he said.
According to Bahram Gurbanov, the head of the group of companies GRBS R, a leader in the accreditation of the CIS, this level of diplomas - a ticket to the world of international finance.
The Court of Auditors cooperates with similar organizations in 30 countries and is a full member of the European Chamber of accountants and auditors, as well as the International Federation of Accountants. - 17D-
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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