Elman Rüstəmov
Baku / 01.02.19 / Turan: The macroeconomic forecasts of 2019 are very similar to the forecasts of 2018, and therefore it is not serious to talk about devaluation in 2019. The chairman of the Central Bank of Azerbaijan Elman Rustamov said this at a press conference.
"All our forecasts are based on macroeconomic stability. Last year, the balance of payments was in surplus. The State Oil Fund assets increased by $ 3 billion."
He noted that the complete stability of the foreign exchange market was ensured.
"Regardless of the price of oil, the transfer from the State Oil Fund to the financial market of Azerbaijan will be $ 6.8 billion. New budget rules make it possible to maintain the manat rate in stability. "
At the same time, E. Rustamov noted that if they were expecting risk factors, they would not have made a decision to reduce the discount rate.
"The forecasts are based on a consensus forecast for oil prices in the range of 60-70 dollars. The state budget is also formed on the basis of such a price," E. Rustamov said. -71D-
Finance
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The Chamber of Auditors reported its financial results for 2023. Last year, the Chamber of Auditors earned a profit of 0.16 million manats, a 54.3% decrease compared to 2022. During the reporting period, the organization received 1.33 million manats in revenue and incurred 1.17 million manats in expenses. At the beginning of the current year, the assets of the Chamber of Auditors increased by 13.2% compared to the start of the previous year, reaching 1.24 million manats. This includes liabilities of 0.02 million manats (an 8.7% decrease) and equity capital of 1.22 million manats (a 13.9% increase).
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In January-July 2024, AZN 2,657,700 of loan insurance premiums were collected in Azerbaijan. This is stated in the insurance review published by the Central Bank of Azerbaijan.
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"Qala Insurance" company won the open tender for full voluntary (KASKO) insurance of vehicles of the Agency for Export and Investment Promotion (AZPROMO) under the Ministry of Economy. This is reported on the unified internet portal of public procurement.
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The Central Bank of Azerbaijan has issued a perpetual license to "Golden Pay" company for the right to carry out activities of a payment organization. This is reported on the website of the regulatory body.
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