Azeri oil fund has no plans to buy Hungarian securities
.jpg)
Azerbaijan's state oil fund SOFAZ has no plans to invest in
securities and other financial instruments in Hungary, it said on
Monday.
The reports on the purchase of Hungarian securities by Azerbaijan
came after the release of Azerbaijani officer Ramil Safarov,
convicted in Hungary.
SOFAZ said it was necessary to clarify the issue regarding such
false information prior to its publication.
SOFAZ assets as of July 1, increasing by 9.6 percent compared to
the beginning of 2012 ($29.8 billion), amounted to $32.666
billion.
SOFAZ was established in 1999 and at that time its assets made up $271 million.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!