oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

SOFAZ Executive Director meets with EU journalists

06 Nov 2008 11:00:00

SOFAZ Executive Director meets with EU journalists

06 Nov 2008 11:00:00
Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on November 6, 2008 a group of journalists representing European Union countries, who are in Baku to participate in the program on European neighbourhood policy organized by the European Journalism Centre.

Mr. Movsumov briefed the guests on the role of SOFAZ in macroeconomic stability of the country and implementation of the important social and infrastructure projects, Fund's investments in foreign financial markets and management strategy. Guests were also informed about SOFAZ's leading role in implementation of the Extractive Industries Transparency Initiative (EITI), EITI Resolution adopted by UN General Assembly at the meeting.

Executive Director gave detailed answers to the questions covering SOFAZ's activity and EITI Implementation in Azerbaijan.

Influential European media representatives from "Pravo" (Czech Republic), "Radio 4" (Estonia), "YLE TV" (Finland), "Der Tagesspiegel" (Germany), "Eleftherotypia" (Greece), "RTE TV" (Ireland), "Newstalk/BBC" (Ireland), "SWH Radio" (Latvia), "De Telegraaf" (Netherlands), "Slovak Radio" (Slovakia) participated at the meeting.


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