New Deputy Minister of Economics Appointed

BP has inaugurated a new laboratory at Baku Engineering University on May 3, aiming to bolster the training of specialists in information and communication technologies (ICT) and cybersecurity within Azerbaijan. This initiative marks a significant step by BP to foster local talent and enhance digital security expertise in the region.

Mastercard is opening a new office in Baku, highlighting its commitment to Azerbaijan as a pivotal market in its regional strategy. The new facility will provide operational, technical, and consulting services, reinforcing Mastercard's role in advancing payment infrastructure and financial accessibility in the region.

Azerbaijan and Uzbekistan signed 11 strategic agreements, including the creation of a $500 million joint investment fund, during the inaugural Uzbek-Azerbaijani interregional forum held in Tashkent, marking a significant step towards strengthening their economic partnership.

The State Oil Fund of the Republic of Azerbaijan (SOCAR) reported a significant increase in its sales last month totaling $623.4 million. This represents a significant increase, as it is 2.1 times higher than the sales volume for the same period last year, when sales amounted to $ 286 million.