22.10.2010 - Following 2010 Azerbaijanís Oil Fund to win back financial loss of first half-year
From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) is going to win back accounting losses formed because of exchange rate difference in the first half of 2010. Informed sources link Fundís exchange losses with an excessive rise of euro exchange rate to base currency (U.S. dollar) of SOFAZ. "Panic rise of euro rate has stopped, and following this year SOFAZ expects recovery of lost assets in accounting terms," a source said..............................................Full Article: Source
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