The new deposit campaign "SEMENI" from NIKOIL | BANK-and offers the highest interest rate and insured 100% of the chance to win one of hundreds of prizes!
BAKU/19.02.13/TURAN February 18 launched a new deposit campaign NIKOIL | BANK "SEMENI", offers the highest insured annual interest rate and the opportunity to participate in an instant 100% winning lottery.
Under the terms of shares, each depositor has 12% per annum with the possibility of removal of the monthly interest VISA GOLD plastic card as a gift, and guaranteed a valuable gift to participate in a stimulating instant lottery. The minimum contribution to the campaign "SEMENI" of 1000 AZN or USD deposit period can vary from 1 year to 3 years. The action will continue until March 29 of this year.
For more information, please contact any of the offices of the bank, or to call the short number 981. - 15D -
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- Economics
- 19 February 2013 14:16
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- Photo sessions
- 19 February 2013 14:59
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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