lham Aliyev to sign in Dushanbe 10 documents on the development of the economy
Azerbaijani President Ilham Aliyev on October 16-17 will visit Tajikistan on an official visit.
According to the Tajik agency Asia Plus (http://news.tj/ru/news/ilkham-aliev-naneset-ofitsialnyi-vizit-v-tadzhikistan), according to the government of the country, during the visit of the head of state there is to be a meeting with his colleague, Emomali Rahmon, and a number of high-ranking officials, and on the basis of the agreements the signing of the documents is planned.
According to the source AP, presently drafted are 10 documents, in particular, on the economic component of cooperation.
According to figures from the Agency on Statistics of Tajikistan, trade between Tajikistan and Azerbaijan in the first half of this year amounted to more than $ 11 million.
100% of trade turnover between the two countries is imported. Tajikistan imports from Azerbaijan mainly petroleum products. --17D--
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- Question-answer
- 30 September 2014 17:35
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- Economics
- 30 September 2014 19:25
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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