Economics - 2024
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The Central Bank of Azerbaijan (CBA) reported that its foreign exchange reserves amounted to $11.371 billion as of October 31, 2024. This represents a slight reduction of 3.6 percent from the Septembe...
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A delegation from the State Oil Fund of the Republic of Azerbaijan (SOFAZ), led by the fund’s Executive Director Israfel Mammadov, concluded a working visit to Saudi Arabia. The visit aimed to strengt...
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At a press conference on November 1, Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA), described the situation in the foreign exchange market as stable, due in part to the complete fulf...
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The surplus in Azerbaijan’s current account balance of payments for 2024 is projected at USD 5.3 billion, with an increase to USD 5.5 billion in 2025, according to a statement made by the Central Bank...
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The Central Bank of Azerbaijan (CBA) forecasts a GDP growth rate of 3.9% for Azerbaijan in 2024 and 3.3% in 2025.
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In 2025, Turkish company Botas and Russia's Gazprom plan to officially launch the "Istanbul Gas Index," a gas trading platform developed as part of the joint Russian-Turkish gas hub initiative, accord...
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The International Monetary Fund, in its report “Regional Economic Outlook: Middle East and Central Asia” titled “Navigating a Changing Geoeconomic Landscape,” shared its vision for 2025 development in...
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The Baku Stadium, set to host the COP29 climate conference, has been equipped with four kitchens, including three in the Blue Zone and one in the Green Zone, Anar Zeynalov, head of the Department of C...
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The International Finance Corporation’s (IFC) head in Azerbaijan, Aliya Azimova, stressed the need for increased climate project financing within Azerbaijan's banking sector. Speaking at the V Dialogu...
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The Azerbaijan Institute of Standardization (AZSTANDART), operating under the State Service for Antimonopoly and Consumer Market Control, has initiated the development of the "National Standardization...









