Azerbaijan, Baku, Sept. 3 / Trend E.Ismayilov /
Azerbaijani State Oil Fund (SOFAZ) has no plans to invest in securities and other financial instruments in Hungary, it said on Monday.
Information on the purchase of Hungarian securities by Azerbaijan came after the release of Azerbaijani officer Ramil Safarov, convicted in Hungary.
SOFAZ considers it necessary to specify in connection with such false information prior to its publication.
SOFAZ assets as of July 1, 2012, increasing by 9.6 percent compared to early 2012 ($29.8 billion), amounted to $32.666 billion.
SOFAZ was established in 1999 and at that time its assets amounted to $271 million.
The official exchange rate is 0.7853 AZN to $1 on Sept. 3.
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