Baku: Nijat Mustafayev; Economics. Central Bank of Azerbaijan has started implementation of more than 30 projects within its Strategic Plan, said the CB Deputy Chairman Khagani Abdullayev. According to him, CB has Strategic Plan covering 2011-2014 and this Plan includes 9 purposes, 7 Act Plan and more than 30 projects: “these projects have already been […]
Author: ANE
Results of entrance exams to universities for the 1st specialty group made public in Azerbaijan
Baku: Kamala Guliyeva ; Results of the entrance exams for the 1st specialty group to the universities have been made public in Azerbaijan. State Student Admission Commission (SSAC) told APA that the results were placed in the official website of the SSAC. The applicants can learn the results of the exams by sending their work […]
SOFAR to finance TANAP construction
Baku: Ali Ahmedov ; Economics. State Oil Fund of Azerbaijan will invest funds in construction of Trans Anatolia Pipeline, said the SOFAR Executive Director Shahmar Movsumov. According to him, SOFAR’s presence in TANAP construction is being discussed: “This is very important project and it is not excluded usage of SOFAR funds for this project. This […]
SOFAR to invest capital of $600 mln in shares of foreign companies
Baku: Ali Ahmedov ; Economics. In September, State Oil Fund of Azerbaijan will start to invest in shares, said the Executive Director Shahmar Movsumov. According to him, firstly, the investments in shares will be carried out via foreign managers. In relation with this, 2 of well-known companies were selected as foreign managers. These are USB […]
Shahmar Movsumov: “Azerbaijan’s budget does not already depend on oil price”
Baku: Ali Ahmedov ; Economics. World oil price unambiguously influences the State Oil Fund of Azerbaijan’s incomes, but state budget does not depend on oil price, said the Executive Director of SOFAR Shahmar Movsumov. According to him, average oil price is above $100: “The economy does not already depend on oil price. It’s possible oil […]
SOFAR’s assets approach to $33 bln
Baku: Nijat Mustafayev ; Economics. Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-June, 2012 reached 7 391.9 million manats, while budget expenditures constituted 4 878.1 mln. manats. Revenue of 7 099.8 mln. manats was received from implementation of oil and gas agreements, including 7 091.4 […]