Through the back door to the SSC
On Thursday, the State Securities Committee organized Open Day for the media. . However, as it turned out, the doors were open only to those media which are considered acceptable to the SSC. In this list, the "elite" did not include the agency Turan.
The PR communication sector noted that the meeting with reporters will be held by head of Staff SSC Bakhtiyar Azizov. He said that such activities are carried out in order to bring the activities of agencies to control the securities market in compliance with the principles of open government , provided the National Action Plan for the Promotion of Open Government.
Theme of the meeting with the media was the licensing of professional market participants, control over them, the analysis of their activities, as well as certification of their employees.
Turan news agency publicized the activities SSC and the situation on the securities market, the protection of investors. This can not do without a critical approach to the situation of things. Note that in September this year Baku hosted an international conference dedicated to the 15th anniversary of its creation, to which the agency Turan was not allowed. - 08B-
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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