The sharp rise in profits at Azerbaijan’s state-owned mining company AzerGold in 2025 is more than a corporate success story. It is another signal of how Azerbaijan is gradually building a new architecture for its resource economy in a world where dependence on oil is becoming increasingly risky. According to the company’s consolidated financial statements, AzerGold’s net profit surged by 148.5 per cent to $82.06 million, up...

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