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It has been two years since the "Memorandum of Understanding on Strategic Partnership in the Energy Sector" was signed in Baku by Azerbaijan's President Ilham Aliyev and European Commission President...
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The Azerbaijani government, through its budget formation and statistical accounting structures, reported that it concluded the first half of the economic year on a "positive note."
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On July 16, the State Oil Company of Azerbaijan (SOCAR) announced its intention to acquire a 51% stake in Azər Türk Bank, which was transferred to the Azerbaijan Investment Holding (AIH) for "rehabili...
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The first week of July was marked by significant international events—the beginning of Hungary's contentious presidency in the EU, the Shanghai Cooperation Organization (SCO) summit in Astana, and the...
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International rating agency Moody's has affirmed the issuer ratings and senior unsecured ratings of the government of Azerbaijan in foreign currency at Ba1 and has revised the outlook from stable to p...
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On June 26, in Tehran, Russian monopolist «Gazprom», whose main business is based on pipeline gas supplies, signed a strategic memorandum with the National Iranian Gas Company (NIGC) the presence of...
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The Czech Republic is eyeing an expansion of Azerbaijani oil and gas imports to bolster its energy security and reduce dependency on Russian supplies, as highlighted by Peter Binhak, Director for Ener...
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The European Union and Ukraine have asked Azerbaijan to facilitate negotiations with Russia on a gas transit agreement, which expires at the end of this year. Hikmet Hajiyev, adviser to the President...
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The 29th International Energy Forum was held in Baku, and almost all speeches indirectly or directly included the topic of COP29 - the 29th session of the Conference of the Parties to the United Natio...
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On June 7, the international rating agency S&P Global has reaffirmed Azerbaijan's sovereign credit ratings at BB+/B, maintaining a stable outlook.