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

The commission fee was cut to 0.027 percent from the current 0.05 percent to introduce a flexible tariff policy.

Azerbaijan’s net government asset position has remained above 40% of GDP since 2015, Kazakhstan’s net asset position is trending toward balance.

In October, annual inflation was 12.5 percent, while the gross domestic product (GDP) expanded further by 1.6 percent in the first ten months of this year.