Russia and Azerbaijan signed an agreement on the promotion and protection of investments
Russian President Vladimir Putin met with the head of the Republic of Azerbaijan Ilham Aliyev, reported the press service of the Kremlin.
During the meeting in the presence of the presidents signed an intergovernmental agreement on encouragement and mutual protection of investments, reports rosbalt.
Document was signed by Minister of Economic Development of Russia Alexei Ulyukayev and Minister of Economy and Industry of Azerbaijan Shahin Mustafayev.
As Putin said relations between Russia and Azerbaijan are actively developing, despite the problems in the world economy. "Relations between Russia and Azerbaijan have always evolved as a relationship of friendship, trust, they develop in the same way in different directions, including the most sensitive areas, and economic progress takes place, in spite of some problems in the world economy and in the Russian economy,"RIA Novosti cites the Russian president. -0
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- 30 September 2014 00:23
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- 30 September 2014 13:03
Economics
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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.
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