Japanese Open Another Clinic in Region
The Khizi region on June 23 opened a medical center, whose construction is financed by the Japanese government under the state grant program "Grassroots and Human Security."
The document on the implementation of the project "turnkey" worth $ 102,579 was signed on November 26, 2014, the press release from the Japanese embassy in Baku says.
Overall, in the scope of the local culture, health, education, environment and agriculture under the said program $ 16,951,735 has been invested, which allowed implementing 199 projects. --17D-
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- Economics
- 23 June 2015 16:12
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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