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
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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