Japan Interested in Azerbaijani Satellite
Deputy Foreign Minister Khalaf Khalafov received a Japanese delegation yesterday. Takeshi Hikihara, Special Minister of the Caucasus, Central Asia and Guam, led the group.
Hikihara called Azerbaijan an important country in the region and a strategic state for Japan.
Referring to the February 7 launch of the first Azerbaijani satellite, the Japanese diplomat said that his country has a great experience in this matter and is ready to share it with Azerbaijan.
Khalafov noted the ongoing political dialogue between the two countries and welcomed cooperation in all areas, including the fields of education and culture. Referring to economic cooperation, Khalafov mentioned the important role of Japanese companies operating in Azerbaijan, and the significance of Japanese experience in the field of communication technology. He also discussed the expansion of inter-parliamentary cooperation between the two countries. -04D-
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review