Azerbaijan provides Ukraine with humanitarian assistance – electrical equipment worth 1.5 million manat

Azerbaijan provided humanitarian assistance to Ukraine – 45 power transformers and fifty generators to restore a stable power supply to the territories affected by the hostilities. The first part of this humanitarian aid allocated by “Azerenergy” OJSC was sent by road from the Gobi energy hub on December 10.


For the complete delivery of electrical equipment, with a total cost of one million 422 manats (about 850 thousand dollars), a second caravan with humanitarian aid will leave for Ukraine in the coming days, the Azerbaijani Foreign Ministry said further.


The total cost of Azerbaijan’s humanitarian aid in connection with the crisis in Ukraine reaches thirty million manats (about $18 million). Along with this, over the past 6 months, various structures of Azerbaijan have provided humanitarian services to the Ukrainian people.


Thus, ninety children who suffered because of hostilities and lost members of their families were brought to Azerbaijan for the purpose of medical and socio-psychological rehabilitation.


In addition, school No. 12 named after academician Zarifa Aliyeva, destroyed because of the war, was restored in Irpen, the Azerbaijani Foreign Ministry notes


Source: Turan News Agency

Iranian currency rates for December 11

BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced an official rate of foreign currencies on December 11, Trend reports referring to CBI.


According to the currency exchange rate of the Central Bank of Iran, 4 currencies increased and 29 have decreased in price, compared to December 10.


According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 44,282 rials.

In Iran, the official exchange rate is used for the import of some essential products.


SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 315,800 rials, and the price of $1 is 299,523 rials.


NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from export.


The price of 1 euro in this system is 300,869 rials, and the price of $1 is 285,362 rials.


On the black market, $1 is worth about 367,000-370,000 rials, while 1 euro is worth about 387,000-390,000 rials.


Source: TREND News Agency

OPEC+ to continue playing key role in development of global oil market — secretary-general

The OPEC+ agreement continues to play a vital role in ensuring stability and development of the global oil market six years after its conclusion, said OPEC Secretary-General Haitham al-Ghais, Trend reports citing TASS.


The agreement on limiting oil production between OPEC countries and 11 non-cartel countries was signed on December 10, 2016 amid declining world energy prices. The alliance was dubbed OPEC+ in the media.


“The Declaration of Cooperation is an unprecedented collaborative framework of 23 oil-producing countries that is based on trust, mutual respect and dialogue. Six years later, the framework continues to play an instrumental role in supporting market stability, which is essential for growth and development, as well as attracting the necessary investment to ensure energy security,” the secretary-general said as quoted in a statement on the OPEC website.


According to the statement, the agreement aims to secure sustainable oil market stability through cooperation and dialogue, including at the research and technical levels, for the benefit of all producers, consumers and investors, as well as the global economy on the whole.


The commitment of its participants “to a stable oil market has once again been evident following the severe oil market contraction caused by the COVID-19 pandemic. These efforts have supported the global pandemic recovery process, and have been recognized at the highest level of government and by other international organizations and academia,” the statement noted.


At the November 30, 2016 meeting in Vienna, OPEC member states agreed on reducing oil production by 1.2 mln barrels per day to 32.5 mln barrels. On December 10, another 11 non-OPEC countries joined the agreement, including Russia, Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Sudan, Equatorial Guinea (joined OPEC in 2017) and South Sudan.


This October, the alliance agreed on continuing the deal until the end of 2023.


Source: TREND News Agency

Roots of “Armenian love” of arrested Eva Kylie (Research)

BAKU, Azerbaijan, The scandal with the detention in Brussels on the corruption case of the Vice-President of the European Parliament, Eva Kylie, is gaining momentum.


The former MEP and the head of the European Trade Union Confederation are also among the people detained by the Belgian Federal Prosecutor’s Office. The police, after conducting searches at 16 addresses in Brussels, found 600,000 euros in cash. The country’s Federal Prosecutor’s Office announced the detention of several people after the raid.


According to the official news, the operation was conducted as part of the operational-search measures on the facts of corruption and money laundering.


Who is the arrested high-ranking official, Eva Kylie?


Eva Kylie was born in Thessaloniki (Greece) in 1978. She is a member of the country’s Panhellenic Socialist Movement party. Eva Kylie was reportedly expelled from the party after her arrest. She has been a member of the European Parliament since 2014.


How did Eva Kylie feel about Azerbaijan?


As a part of her activities, she adhered to an anti-Azerbaijani position. During the 44-day war, she sent a request to the EU Commission, demanding the implementation of visa restrictions on Azerbaijani passport holders. This suggests that Eva Kylie may have shady ties with Armenians. Who can guarantee that she did not use her authority for the benefit of the Armenians for bribes? It is possible that news of Eva Kylie’s corruption ties with the Armenian lobby will emerge during the investigation.


The European Parliament, which is one of the leading organizations of the “old continent”, the OSCE, and other European institutions periodically prepare reports and investigate violations of the law, bribery, and lawlessness in various parts of the world. They are trying to create the impression that they are perfect and that they act transparently, hence having the right to teach the countries of the world how to fight against corruption and bribery. However, the corruption scandal with Eva Kaili, distinguished by her pro-Armenian position, and other similar facts show that neither representatives of European organizations, nor the former and current leaders of the leading countries of the “old continent” are by any means “white and fluffy”.


Within this context, the following corruption scandals involving European and American officials can be mentioned. Nicolas Sarkozy, President of France from 2007 to 2012, was accused of illegal financing and corruption in 2018. In 2017, French Interior Minister Bruno Le Roux was forced to resign after a top news story on one of the country’s leading TV channels accused him of making illegal money by creating fictitious jobs for his daughters. Right-wing candidate François Fillon was accused of corruption in the 2017 French election. In 2015, former Italian Prime Minister Silvio Berlusconi was sentenced to three years in prison for bribery. In 2015, former Virginia Governor Robert McDonnell was found guilty of corruption and sentenced to two years in prison.


Pro-Armenian Senator Robert Menendez of New Jersey is currently under federal criminal investigation. Federal prosecutors investigated Menendez back in 2015, when he was charged with bribery, but not punished. Menendez has close ties to Armenian and Greek lobbying organizations. Also, Robert Menendez is married to an ethnic Armenian. So, the Eva Kylie corruption scandal is not the first of its kind. It is more likely that the Armenian lobby will continue to bribe officials in Europe and the United States.


The above gives reason to believe that corruption scandals “on the old continent” will not end there. Just as Eva Kylie and her ilk are accused of corruption, the same is expected of French President Macron, Speaker of the US House of Representatives Nancy Pelosi, and other officials who have great support from the Armenian lobby. The charges brought against Eva Kylie show that it is corrupt interests that are behind this support.


Source: TREND News Agency

Azerbaijani SOFAZ talks main goals of its investment strategy

BAKU, Azerbaijan, The investment strategy of the State Oil Fund of Azerbaijan (SOFAZ) is primarily aimed at ensuring macroeconomic stability, SOFAZ Executive Director’s Adviser Bahruz Bahramov told Trend.


According to Bahramov, the strategy is also aimed at reducing the negative effects of economic shocks on the economy of our country, that is, it plays the role of a ‘safety cushion’ in the event of economic instability in foreign markets


Along with the above, the transfer of funds from SOFAZ to the state budget ensures the formation of fiscal policy and the state budget, he said.


“Regarding the investment portfolio of the fund, we have formed a portfolio covering 1,400 companies in 26 developed countries of the world in 14 currencies. SOFAZ’s foreign currency investment portfolio is distributed as follows: 70.8 percent – in the US dollar, 19 percent – in the euro, 4.7 percent – in pound sterling, and the rest (5.5 percent) – in the Australian dollar, Turkish liras, Russian ruble, Chinese yuan, Japanese yen, and other currencies,” the advisor noted.


“In the fund’s portfolio, about 63 percent were bonds and money market instruments, 18.7 percent – stocks, 6.3 percent – real estate, 12 percent – investments in gold (101.8 tons),” Bahramov explained.


“According to the credit rating, 69.9 percent of assets were invested in AAA rating instruments, and the rest – in AA (16.7 percent), A (10 percent), and BBB (2.6 percent) credit rating instruments. Only 0.8 percent of the fund’s portfolio is invested in non-investment-grade instruments,” he further said.


The advisor also noted that SOFAZ, in partnership with 13 companies, has invested in over 500 properties.


“More than 60 percent of them are located in North America and Europe. Along with this, we have invested in real estate, including office premises and retail, residential, industrial, and logistics facilities in the Asian region,” Bahramov said.


Speaking about the fund’s investments, he pointed out that the current geo-economic and geopolitical realities affect them in any way.


“The investment portfolio of our fund, as well as the portfolios of investors and funds in other countries of the world, is affected by the consequences of COVID-19, unstable situation in the energy market, inflation, geo-economic and geopolitical changes,” the representative of SOFAZ noted.


“Given that our investments are medium-term and long-term, we don’t consider some of the losses incurred by us this year as losses, because in the medium and long term we expect full compensation for losses and making a profit,” Bahramov added.


Source: TREND News Agency

France makes right steps towards Azerbaijan – their football team wins, ambassador says

BAKU, Azerbaijan, When French officials take the right steps towards Azerbaijan, their national football team succeeds at the World Cup in Qatar, Azerbaijani Ambassador to Switzerland Fuad Iskenderov said, Trend reports via his Twitter publication.


“If France wants to achieve more at the World Cup, then the country’s appointed ambassador to Azerbaijan should go to Shusha. This is the luckiest place for the friends of Azerbaijan,” he said.


Source: TREND News Agency