Month: November 2023

“AzerGold” CJSC is considering cooperation with “CIT Coin Invest AG “(Liechtenstein) for modern and alternative production of gold coins. To this end, representatives of the European company headed by chief executive officer Johann Berner visited Baku last week.”CIT Coin Invest AG” https://www.cit.li/ is the creator and patent holder of the Smartminting process, which is considered a “revolutionary technology in the field of …

Russian Deputy Prime Minister Alexander Novak and Azerbaijani Economy Minister Mikail Jabbarov discussed issues of expanding cooperation in the oil and gas, electric power and the development of renewable energy sources in Moscow on October 31, a message on the website of the Government of the Russian Federation. The growing trade turnover between the countries was noted. By the end of 2022, the volume of mutual trade increased by 25%. In January – August 2023, the trade …

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The Central Bank of Azerbaijan (CBA) forecasts that the annual inflation in the country will be 4.3% this year, 5.3% next year, and 3.4% in 2025, Report informs referring to the bank.

In January-August 2023, the intervention of the Central Bank of Azerbaijan (CBA) in the foreign exchange market stood at $1.247 billion, Report informs referring to the bank.

The Central Bank of Azerbaijan (CBA) has decided to decrease the discount rate by 0.5 percentage points to 8.5%, Report informs referring to the CBA.

Tajikistan and Azerbaijan have agreed to develop cooperation in the field of agriculture

As of November 1 of this year, the currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $10.5 billion, up 7.4% from the previous month, Report informs.