Azerbaijan's Central Bank holds media briefing on balance of payments.

The Central Bank of Azerbaijan recently conducted a media briefing on the country's balance of payments, revealing a current account surplus of around $4 billion from January to September 2024. Director Samir Nasirov highlighted that the oil and gas sector had a surplus of $11.1 billion, while the non-oil sector experienced a deficit of $7.1 billion. Additionally, remittances from Azerbaijan to other countries totaled $408.2 million, with top recipients being Türkiye, the US, Russia, Georgia, and the UK. Foreign direct investments from Azerbaijan to other countries reached approximately $1.4 billion, with the UAE, Türkiye, Georgia, the UK, and Uzbekistan being the top recipients. [Extracted from the article]

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