Azerbaijan allocates 85.9 mln manats to tackle flood damage after heavy rains

Azerbaijan has sharply reduced excise duties on imported fuel in a bid to stabilise domestic supply, highlighting structural imbalances in its downstream energy sector despite its status as an oil-producing country.

In St. Petersburg on Sunday, President Vladimir Putin received Iran’s foreign minister, Abbas Araghchi. At first glance, the meeting appeared routine. Yet its timing, amid deepening uncertainty in Iran’s relations with the United States, points to a more consequential trend: a quiet realignment of alliances as diplomacy over Iran’s nuclear program enters a fragile new phase.

The reconstruction and redevelopment processes carried out in Azerbaijan’s liberated territories represent one of the largest-scale state investment programs in the country. The audits conducted in 2025 were primarily post-audits (ex-post reviews), and since project implementation is still ongoing, they present interim assessments rather than final conclusions.

Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev have been awarded the 2026 Gernika Prize for Peace and Reconciliation, a symbolic recognition of their efforts to advance negotiations between two countries that have remained in conflict for decades.