Gold is the property of the people and therefore the public should be informed about its use, the economist Samir Aliyev said. Responding to Turan, the economist said SOFAZ issues unsatisfactory comments about the information of the World Gold Council on reduction of Azerbaijan's gold reserves by 1.03 tons (from 30.2 to 29.1 tons).
Recall that SOFAZ said it did not sell gold. The Fund reports indicated that these gold stocks belong not to the Central Bank, but to the Oil Fund. At the time, the Fund kept gold with the Central Bank for reliable conservation. After commissioning of the new SOFAZ building it was decided to move the gold from the Central Bank to the State Oil Fund. Therefore, a considerable part of the gold was removed, and this was reflected in the documents of the Central Bank.
Questioning the Fund’s statement, the economist Aliyev said that if the gold was withdrawn, the reduction was to be relevant, not just 1.03 tons.
“The Fund’s building was put into operation two years ago. Why have they moved the gold only now?” Aliyev said. ---71D
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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