BAKU/27.01.14/TURAN : International assets excluding Azerbaijan State Oil Fund of Azerbaijan fell in December last year to $ 75.9 million or 0.5 % to $ 14,643.4 million.
According to the Central Bank of Azerbaijan , in the structure of international assets in the reporting month increased funds in various foreign currencies (mainly U.S. dollars and euros ) to $ 14,643.4 million cost of the basket of Special Drawing Rights (SDR), which paid the country's share in the authorized capital of the International Monetary Fund decreased by 2.2% to $ 238.29 million
For the annual period of the country 's international assets increased by $ 2,399.9 million , or 19.6%. - 15V -
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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