Nar Mobile Azerbaijan Congratulates Olympic Victory
The communication partner of the national Olympic team of Azerbaijan Nar Mobile organized a meeting with the victorious athletes at the Olympic Games of the national Olympic team and congratulated them on their victory.
As Turan was told in the company, employees of Nar Mobile, winners of the Olympic Games and their coaches, representatives of the National Olympic Committee, and representatives of the media attended this special event today.
The Director General of Nar Mobile Juergen Pitz said the results achieved by the country in the Olympics indicate another convincing step in the recognition of Azerbaijan in the world and the special role of athletes in this victory. "Sounds of the anthem and the waving flag of Azerbaijan instilled a sense of pride in the people of Azerbaijan and in those who were fans for this country," he stressed. - 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