"Chevron" delegation at Sangachal Terminal

A forum on "Green Finance and Sustainable Development" began in Baku on Friday. The event, organized by the Central Bank of Azerbaijan (CBA) and the Ministry of Ecology and Natural Resources, focuses on key initiatives, including draft laws and regulations to support green financing in Azerbaijan, financial instruments such as green bonds and subsidies to attract investments, as well as the development of solar and wind energy to reduce carbon emissions. Sustainable agricultural practices and ecosystem restoration projects aimed at improving food security and protecting biodiversity are also central topics of the event.

Azerbaijan has increased oil supplies to Israel by 19% in the first nine months of 2024, exporting 2.37 million tons of oil worth $1.46 billion, official data shows. This growth underscores the strong trade relationship between the two nations, which has long been dominated by energy exports. In 2023, Azerbaijan's total exports to Israel reached $1.4 billion, largely driven by mineral fuels and oils, according to UN COMTRADE data.

The World Bank (WB) has revised its economic growth forecast for Azerbaijan, projecting a notable increase for 2024. According to the bank’s latest report on the economic outlook for Europe and Central Asia (ECA), titled "Better Education for Stronger Growth," Azerbaijan’s growth is now expected to reach 3.2%, an upward revision of 0.9 percentage points from its June estimate. The forecast for 2025 has also been adjusted upward, by 0.3 percentage points to 2.7%, while the 2026 outlook remains steady at 2.4%.

The government of Azerbaijan has officially approved the charter for the newly established public legal entity, the Center for Accreditation of Healthcare Institutions and Quality Control, as part of the country’s efforts to enhance the quality and accessibility of medical services.