SOCAR plans to use the funds raised from the placement of bonds to finance obligations under various projects.

Azerbaijan has reduced gold production by 2.7 percent year-on-year to 2.608 tonnes in January-September, production of silver rose by 7.7 percent.

SOFAZ sovereign wealth oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenue.

Annual inflation in Azerbaijan in September was 5.2 percent, up from 4.8 percent in August this year.

World Bank said that about 250,000 people living along the Yenikend-Bilasuvar road would benefit from upgraded road infrastructure, as well as improved economic opportunities and easier access to essential service facilities.

The state budget's updated draft for 2022 projects revenues at 26.816 billion manats ($15.774 billion) and expenses - at 29.879 billion manats.