The Azerbaijan Central Bank has strengthened slightly the rate of manat, on September 29 - 1USD/1,6211AZN. This is higher than the rate of the previous day by 0.25%.
On 29 September the State Oil Fund and the Central Bank carried out another major currency intervention on the market, offered to commercial banks $150 million. However, 14 banks have bought only $48.9 million.–71D-
Economics
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Azerbaijani Economy Minister Mikail Jabbarov and Belarusian Deputy Foreign Minister Igor Nazaruk have met to discuss the creation of joint production enterprises as part of a broader effort to strengthen economic ties between their countries.
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Azerbaijan, Georgia, Romania, and Hungary have signed a joint stock agreement in Bucharest on Tuesday to establish a joint venture (JV) for the implementation of the Black Sea Submarine Cable (Black Sea Energy) project. The initiative aims to create a green energy corridor connecting Azerbaijan to Europe.
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The revenues of the State Oil Fund of the Republic of Azerbaijan (Sofaz) from the “Azeri-Chirag-Gunashli” (ACG) field block decreased by 9.6 percent during the first eight months of this year, according to data published by Sofaz.
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Azerbaijan's Agrarian Subsidy Council has announced the new crop coefficients, seed and seedling quotas, and planting requirements for 2025, in a decision aligned with the "Rules for Subsidizing Agricultural Production" as per the Decree of President Ilham Aliyev issued on June 27, 2019.
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