The Central Bank of Azerbaijan has announced the official rate of the manat to the US dollar on March 12-14. Rate USD/AZN was 1.6411 manat.
Thus, for the first time since early March manat slightly strengthened against the dollar. The official dollar exchange rate on March 11 was 1.6456 manat .--- 06D—
2016 March 11 (Friday) 16:52:01
Today the State Oil Fund of Azerbaijan (SOFAZ) put up forsale at the currency auction $200 million US dollars. The demand of commercial banks amounted to $68 million. For the first time since the beginning of March at the auction the offer exceeded demand.—06D-
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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