Azerbaijani state oil fund SOFAZ has no plans to buy Hungarian securities or other financial instruments, the company said in an official statement late Monday, local news portal azernews.az reports.
Azerbaijani state oil fund SOFAZ has no plans to buy Hungarian
securities or other financial instruments, the company said in an official
statement late Monday, local news portal azernews.az reports.
Reports on a possible purchase of Hungarian securities by
Azerbaijan
came
after
Hungary
released Azerbaijani officer Ramil Safarov to his home country after being
convicted of murder.
SOFAZ said it was necessary to clarify the issue regarding such false
information.
Hungary
needs
to refinance EUR4 billion in foreign currency debt this year, but officials
have repeatedly said no foreign currency issuance would take place until there
is an agreement on a financial package with the International Monetary Fund and
the European Union.
The package would secure a safety net for
Hungary
in
troubled times and is widely expected to decrease debt refinance costs.
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