SOFAZ considering properties in Europe and Southeast Asia for investment
24 July 2012 - 8:32pm
Feb 27 2015 - 13:13
President of Azerbaijan Ilham Aliyev has ordered the establishment of the Mingechavir High Technology Park. Mingechavir Park, on a territory of 1.3 ha, will conduct scientific research and development work to develop and improve high technology and innovative products.
Feb 27 2015 - 11:18
The official exchange rates of the US dollar and euro have fallen in Azerbaijan today. The Central Bank set the Azerbaijani manat at 1.0498 to the US dollar and 1.1771 to the euro. Yesterday the dollar stood at 1.0501 AZN, and the euro at 1.1942 AZN, Trend reminds.
Feb 27 2015 - 11:17
The State Oil Fund of Azerbaijan (SOFAZ) is considering the issue of including the Chinese yuan in SOFAZ’s currency basket, the head of SOFAZ Shahmar Movsumov said. He said that all SOFAZ’s assets, including the investment portfolio, are in foreign currencies.
Feb 25 2015 - 16:19
President of Azerbaijan Ilham Aliyev today received Turkish Minister of Foreign Affairs Mevlüt Çavuşoğlu, the official website of the President of the Azerbaijan Republic reports.
Feb 25 2015 - 15:34
The EU intends to rely on the development of relations with Azerbaijan and Turkmenistanm according to the draft long-term EU energy strategy.
Feb 25 2015 - 15:10
The State Oil Company of Azerbaijan (SOCAR) announced that in January its oil production decreased by 0.4% and gas extraction fell by 17.5%. According to the company, by 1 February 2015 it had produced 712,300 tons, compared to 715,400 tons of oil a year earlier. In general, oil production in the country amounted to 3.667 million tons against 3.639 million tons a year earlier, abc.az reports.
Feb 25 2015 - 14:21
"The economy has its own laws. Azerbaijan is part of the global economy. The work carried out in Azerbaijan deserves approval, and influential international financial institutions praise our success. But the processes in the region affect us, and over the past few months of the last year, thd tension on the CIS landscape has, in some ways, affected the Azerbaijani economy.
Feb 24 2015 - 16:54
Russia has sent almost all the T-90S tanks purchased by Azerbaijan, as stated by an official of the Azerbaijani delegation at the IDEX-2015 exhibitions. The tanks were built by Uralvagonzavod, TASS reports.Esen Topoyev, advisor to the director general of Rosoboronexport, said earlier that Azerbaijan will have received all the purchased weapons and vehicles by 2017, according to the package of deals signed in 2010.