SOFAZ has bought assets in Africa and South America.
SOFAZ report reads that by October 1, 2013 0.01% of assets of the SOFAZ investment portfolio fell to Africa and 5.02% to South America. Before that these continents were not included into the geographic zone of interests of the Oil Fund.
By the end of quarter 3, 2013, 58.89% of SOFAZ investment portfolio fell to Europe, 16.88% to North America, 9.95% to the Asian and Pacific region and another 1.45% to the Near East.
7.8% of the Oil Fund’s portfolio is controlled by the international financial organizations.
At present SOFAZ assets total $35,809,200,000.—0-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review