Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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The Asian Development Bank (ADB) has introduced its Framework Partnership Program for 2025–2029 during a high-level meeting with the Central Bank of Azerbaijan (CBA). The meeting, which was attended by CBA First Deputy Chairman Aliyar Mammadyarov and ADB Country Director for Azerbaijan Sunni Duranni-Jamal, highlighted strategic initiatives aimed at fostering economic transformation and sustainable growth.
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