Azerbaijan to Transition Labor Contracts to Electronic Document Form by 2026

The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.

The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.

Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.

In the Karabakh economic region, there is a transformative push towards revitalizing agriculture through the creation of agroparks, the most notable of which is the "DOST Agropark," inaugurated in Zangilan in 2023. Despite promises from Azerbaijani officials to establish additional agroparks, significant obstacles remain, the most prominent being the absence of comprehensive land reform in the liberated territories.