SPC announced new electronic services
State Property Committee (SPC) will continue to work to provide for the use of citizens and legal entities new electronic services. Today, in the "Register of electronic services" there are 15 e-services related to the scope of the committee.
The press service of SPC told Turan that to date it has received over 6,000 hits on three types of e-services (receiving complaints about the data and documents from the state register of real property, an extract from the register on the secondary real estate market, selling auctions of confiscated in favor of the state of the property). The number of satisfied requests is not reported.
By the portal of "electronic government » (www.e-gov.az) there are 4 integrated interactive and informative three types of e-service. - 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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