Companies Close to Family Business of Oligarch Kemaleddin Heydarov Being Liquidated

Azerbaijan and the Maldives have taken steps to strengthen economic ties following meeting between the Azerbaijan Export and Investment Promotion Agency (AZPROMO) and Invest Maldives, the investment facilitation agency of the island nation. The discussions, held during the Azerbaijani government mission's visit to the Maldives, explored opportunities in key sectors including real estate, green energy, tourism, and transport.

The Ministry of Economy of Azerbaijan has announced the results of a tender for the construction of a desalination plant to produce drinking water under a public-private partnership.

Azerbaijan is nearing the completion of its winter crop sowing campaign for the 2025 harvest, with winter crops for grain and green fodder planted on 941,700 hectares as of Jan. 1, according to data from the State Statistics Committee.

Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.