Signed an agreement on providing liquidity of trading on the international financial markets
Baku Stock Exchange on October 7, signed with the brokerage company Invest-AZ ( a member of the BSE) contract to ensure the liquidity of trading in international financial markets (Forex and CFD). Under this agreement, the company will act as a market maker on the BSE submitted MetaTrader 4 trading platform.
This contract, LLC Invest-AZ undertakes to provide daily quotations on the sale of 48 currency pairs and the three agreements on changes in prices for precious metals and other commodities.
Note that the other two market makers BSE (Pasha Bank and Standard Capital) offer services to ensure the liquidity of corporate securities. - 08D-
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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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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