Bank Of Baku

Shahmar Movsumov: SOFAZ budget not to be amended

Shahmar Movsumov: SOFAZ budget not to be amended
# 27 April 2009 15:41 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. The question of making any changes to the budget of State Oil Fund of Azerbaijan (SOFAZ) is not under consideration, said SOFAZ Executive Director Shahmar Movsumov.

There are no plans to change the structure of the assets either, he noted.

According to him, the world financial crisis requires a conservative approach to this issue.

As of April 1, SOFAZ’s assets amounted to AZN 8 721.4 million ($10 863.9 million).
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