AtIn the foreign exchange auction of the Central Bank of Azerbaijan on August 8, the State Oil Fund of Azerbaijan (SOFAZ) has sold to 28 banks $ 49.4 million. Total of $ 49.4 million were offered.
At the last auction on August 4 the number of banks, demand and supply were identical. The proceeds mantas are sent to the budget. In 2016 SOFAZ obliged to transfer the state budget 6 billion. manatov.-0-
Economics
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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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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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