Shahmar Movsumov: Changes can be made to SOFAZ investment portfolio – EXCLUSIVE

Baku: Changes can be made to the investment portfolio of the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

SOFAZ Executive Director Shahmar Movsumov told APA.

Movsumov recalled that budget package for 2016 have been submitted to President Ilham Aliyev.

“Changes are expected to be made to our investment portfolio. However, now I cannot say what changes will be made. Thus, the changes to the investment rules are envisaged in the budget package, which has been submitted to the president. Either the state budget need to be approved or an order need to be signed on our budget. If the changes are approved, we will make it public. The package will be approved within about two weeks”, said SOFAZ Executive Director.

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