Ministry of Communications Approves Rules on Postal Services
The rules on postal services have been defined. According to the Ministry of Communications and High Technologies of Azerbaijan website (the state register of legal acts, http://huquqiaktlar.gov.az/StatementDetails.aspx?statementId=34235), it is not allowed to send abroad firearms and ammunition, edged weapons and special means of self-defense and assault, narcotics and psychotropic drugs, quickly flammable, radioactive and other hazardous substances. It is permitted to send working documents, photos, reports, receipts, documents, notarized copies of documents and certificates, instruments for payments in foreign currency, securities and objects of cultural and community and industrial purpose, food with a long shelf life, printed materials, plants, drugs and other items allowed to be imported into the country of destination.
Domestically authorized is sending charts and manuscripts, securities or documents, lottery tickets, photographs, stamps, manuscripts, litigation reports, working documents, photographs, art cards, printed materials of advertising-information character, as well as other documents of value to the sender or recipient. It is also allowed to send items of cultural and community and industrial supplies, foodstuffs with a long shelf life, medicines, fruits, vegetables, etc. --17D-
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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