Economics
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In a significant development in the energy sector, SOCAR (State Oil Company of Azerbaijan Republic) and the French oil and gas giant TotalEnergies have successfully concluded a deal to sell a 15% stak...
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BP, the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project, has initiated a scheduled maintenance shutdown at the Deepwater Gunashli platform as part of its annual work pr...
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The allocation of funds for social protection and security has surged in Azerbaijan, raising questions about the possibility of further increases in salaries, benefits, and other social provisions thi...
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In order to expand its capabilities in the field of metrology, it is planned to create 27 new reference laboratories in Azerbaijan, the State Antimonopoly Control and Consumer Market Supervision Servi...
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The Azerbaijani banking sector exhibited robust growth in the first quarter of 2024, with assets increasing by 9.1% compared to the same period last year, reaching a total of 48.91 billion manats, acc...
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"Considering that 99.6% of the business entities operating in our country are small and medium-sized businesses, it is obvious that the sustainable development of the country is closely linked to the...
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Note that a share of the non-governmental sector in Azerbaijan's GDP has reached 83%, and its share in employment has exceeded 78%. At present, about 99.6% of business entities in the country are smal...
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The construction of the Georgian section of the Baku-Tbilisi-Kars (BTK) railway is nearing completion, with 95% of the work already finished, Deputy Minister of Digital Development and Transport of Az...
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Deputy Minister of Economy Sahib Mammadov met with Emma Thomas, Co-Chair of the UK Export Finance Institute (UKEF) on April 25 to explore potential economic and financial partnerships between Azerbaij...
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On April 25, celebrated as Entrepreneur's Day in Azerbaijan, Economic Minister Mikail Jabbarov extended his congratulations to the nation’s business community via his social media on "X", lauding thei...
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10th meeting of the Azerbaijani-Hungarian intergovernmental commission on economic cooperation concluded in Baku with the signing of a new protocol, further cementing the robust partnership between th...
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Baku, the capital of Azerbaijan, has rapidly burst into the top three of the FDI Intelligence rating "The fastest growing cities with Foreign Direct Investment (FDI) in 2023",taking the honorable thir...
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At the 4th meeting of the Working Group on Energy, held on November 24 in a mixed format at the Ministry of Energy, the deepening of energy ties between Azerbaijan and Hungary, especially in the field...
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At the Azerbaijan-Bashkortostan business forum held in Baku, significant cooperation agreements were signed between leading business entities from both regions, setting a foundation for enhanced bilat...
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Azerbaijan is considering a revision of its state budget parameters for the current year, following a substantial budget surplus of 821.7 million manats recorded in the first quarter. This development...
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Zakir Ibrahimov, Chairman of the Management Board of AzerGold CJSC, met with a Kenyan delegation yesterday to discuss the possibilities of bilateral cooperation, in particular in the mining sector. At...