AzerGold’s Sorption Leaching Plant Reaches Full Capacity in Dashkesan

Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.

The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.

Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.

The first industrial explosives plant commissioned by “AzerGold” CJSC's subsidiary, “AzerBlast” LLC, has commenced full-scale operations in Ganja. The facility, established through a public-private partnership, aims to meet the increasing domestic demand for civilian explosives and reduce import dependence.