Euro share in Azerbaijani State Oil Fund’s investment portfolio downs

Euro share in Azerbaijani State Oil Fund’s investment portfolio downs The State Oil Fund of Azerbaijan (SOFAZ) will increase shares in the structure of its investment portfolio from the current five to 10 per cent. Azerbaijani President Ilham Aliyev has recently issued a decree approving the main direction of the programme for using SOFAZ funds in 2014. The shares will be increased through decreasing the bonds to 80 per cent, Movsumov said. Today some 85 per cent of the total... Read More