International assets excluding Azerbaijan Oil Fund of Azerbaijan increased in October $ 461.3 million, or 3.8%, to $ 12,712.29 million. Compared to the beginning, this figure increased $ 1,548.57 million or 13.9%.
According to the Central Bank of Azerbaijan, in the structure of international assets in the reported period funds in various foreign currencies (primarily U.S. dollars and euros) increased to $ 12,471.33 million. 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, increased to $ 240.77 million.
For the annual period the country's international assets increased $ 4,682.42 million or 58.3%. - 15V -
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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