Azerbaijani Central Bank has established the rate of the national currency to the dollar on March 9, 2016 at the level of AZN 1.6228. This is by one gepik higher than the previous rate (1.6105). According to the Central Bank, the rate of manat was established on the basis of inter-bank transactions in the foreign exchange market. On March 7 SOFAZ sold at auction to 28 banks $ 49.7 million. At the auction was put up to $50 million. -02D-
2016 March 07 (Monday) 13:42:36
In today's auction for the sale of foreign currency, organized by the Central Bank of Azerbaijan, the main controller did not participate again.
According to the Azerbaijani State Oil Fund (SOFAZ), it allocated funds in the amount of $ 50 million.
In total, the auction was attended by 28 commercial banks, which bought almost all ($ 49.7 million) of the announced volume.
SOFAZ sells foreign currency within the approved transfers to the state budget at the level of 7 billion 615 million AZN. --17D-
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- Politics
- 7 March 2016 17:34
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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