New Financing Rules for the Azerbaijan Business Development Fund: A New Stage in State Support

Editorial illustration of the combined strike on the port of Novorossiysk Ukraine used 15 types of missiles, aerial drones and unmanned surface vessels in a large-scale combined strike on Russia’s naval base and port infrastructure in Novorossiysk,...

Georgia’s only oil refinery, located at the Black Sea port of Kulevi, plans to stop processing Russian crude completely by the end of September and switch to supplies from Kazakhstan and Libya following European Union sanctions. Black Sea Petroleum,...

Azerbaijan’s state oil company SOCAR said it cut greenhouse-gas emissions from its domestic operations by about 1 million tonnes of carbon dioxide equivalent in 2025 and issued $200 million in green bonds to finance renewable-energy projects. The...

The budget, oil revenues, state-owned enterprises and public oversight The U.S. Department of State’s 2026 assessment Fiscal transparency means that everything involving public money is open to scrutiny: where the money comes from, where it is...