On Saturday, September 14 at the Sports Town Luzhniki, the VIII Games of VTB Group were held.
The competition was attended by about 1,100 athletes from 30 teams . They represented 15 companies within the Group of 14 countries in the world: Russia , Armenia, Austria, Belarus , China, Georgia, Germany, India, China, Kazakhstan, Serbia, Ukraine and France. For the first time a team from Azerbaijan took part as guests.
Competitions were held in the following disciplines : a mini- football, volleyball, streetball, the family starts, track and field, weightlifting , darts , chess, mini- golf, bowling , paintball , go-karting , Cheerleading .
The President - Chairman of the Management Board of VTB Andrey Kostin , in his welcome speech highlighted the international status of the Olympics and the growing number of types of programs: " Sports day is a great mood, the joy of victory , the demonstration of good physical skills. But above all, it is a unique atmosphere that allows employees of companies within the Group to feel like a single entity , not only in the workplace."
First Deputy Chairman of the Management Board of VTB Vasily Titov said: "The Olympics is not only athletic performance, not just a competition to see who is faster, better or stronger. People see that our bank is working virtually around the world, and when we get together , there is quite an amazing sense of community and a great sporting event . "
In awarding the athletes and teams - won the Olympics - was attended by professional athletes from the sponsorships orbit VTB - Russia captain gymnastics Ksenia Afanasyeva , winner of the rally "Silk Road - 2013 ", the pilot of the KAMAZ -Master Dmitry Savostin , the players of the Moscow " Dynamo " Yuri Zhirkov and Roman Berezovsky , the hockey players of the Moscow " Dynamo" Kasyanchuk Constantine and Roman Derlyuk . -15D -
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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