Modernization of financial training of postmen charged to Banking Association of Azerbaijan
BAKU/04.03.14/Turan : ABTC (Azerbaijan Bank Training Centre) will conduct training for staff of LLC Azerpoct (national postal operator).
ABTC (a division of the Association of Banks of Azerbaijan) is the only local unit specializing on projects on " Modernization of the financial sector of Azerbaijan." This project is funded by the government, as well as the World Bank and the Swiss State Secretariat for Economic Cooperation (SECO).
Azerbaijan's first post office opened in 1818 in the city of Ganja. The Production Association Azerpoct was founded September 29, 1999 .
In April 2010, the Central Bank of the Republic of Azerbaijan gave it a limited license ( without the right to credit ) for the provision of banking and financial services.
Today it unites 74 branches, 144 postal agencies and 1,513 post offices. -17D-
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