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SOFAZ Executive Director’s interview to Region plus magazine, dated 1 May 2009
The global economic crisis, plummeting oil prices - many experts are wondering how the Azerbaijani economy is managing to withstand the impact of these reverses and remain stable against the backdrop of complete ruin in neighbouring countries. Particularly amazing is the state budget - how can it be managed with oil prices so low on international stock exchanges? Will Azerbaijan have to spend all of its oil savings? All doubts are dispelled by Sahmar Movsumov, executive director of the State Oil Fund, in an interview with Region Plus.
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State Oil Fund of Azerbaijan: Azerbaijan goes the other way
Unlike most sovereign wealth funds, the State Oil Fund of Azerbaijan is still growing strongly and looking for more foreign risk. Will the country's experience of the global downturn rob the international capital markets of a new hope? Dominic O'Neill reports from Baku.
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EBRD Conference Appreciates Azerbaijan's Achievements in EITI Application
Great Britain, London / Тrend corr G. Ahmadova/ The application of Extractive Industry Transparency Initiative (EITI) positively affects Azerbaijan's credit rating, it was noted at the headquarters of the European Bank for Reconstruction and Development (EBRD) during the international conference on ‘The Role of Transparency and Governance in Sovereign and Quasi-Sovereign Credit Quality' on 8 October.
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