
Fitch affirms Azerbaijan's rating
International rating agency Fitch has once again confirmed the long-term issuer default rating (IDR) of Azerbaijan in foreign currency at the level of ‘BBB -’.This is stated in the agency's statement.
It says that the outlook on the rating is ‘stable’.
Fitch said that Azerbaijan's public debt is small as compared to other countries, our country has flexible financing options through the State Oil Fund (SOFAZ). The fiscal policy pursued by the Azerbaijani government allows protecting sovereign external assets, ensuring macroeconomic stability and controlling the impact of oil price volatility.
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- Economical review
- 18 January 2025 12:16
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- Finance
- 18 January 2025 12:26
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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