International assets excluding Azerbaijan State Oil Fund of Azerbaijan widened in March to $ 167.96 million, or 1.3%, to $ 12,900.62 million compared to the beginning of the year, it increased by $ 657 21 million or 5.4%.
According to the Central Bank of Azerbaijan, in the structure of international assets in the reporting month increased funds in various foreign currencies (primarily U.S. dollars and euros) to $ 12,663.51 million and the cost of the basket of Special Drawing Rights (SDR), which paid for the country's share in the authorized capital of the International Monetary Fund, decreased by 1.1% to $ 236.91 million.
For the annual period the country's international assets increased by $ 1,791.63 million or 16.1%. - 15B-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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