Azerbaijan's strategic currency reserves account for 70% of GDP and the total external assets exceed the liabilities of the country by 2.7 times, the Chairman of the Board of the Central Bank Elman Rustamov said at the enlarged meeting of the Cabinet of Ministers dedicated to the socio-economic development of Azerbaijan in 2014 and the plans for 2015.
According to his calculations, the surplus in the current account balance of the republic as of January 1, 2015 exceeded $ 11 billion, while the exports by 2.6 times were ahead of imports with total foreign trade in goods and services of $ 54 billion. --17D-
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