Economics
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On December 9, Azerbaijani President Ilham Aliyev signed a decree approving the protocol of amendments to the Agreement on Strategic Partnership for the Development and Transmission of Green Energy. The agreement, involving Azerbaijan, Georgia, Romania, and Hungary, aims to strengthen cooperation in sustainable energy across the region.
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Recently, Azerbaijani Minister of Economy Mikayil Jabbarov held a series of high-level meetings in Riyadh aimed at strengthening bilateral relations. Discussions focused on expanding economic cooperation and advancing shared goals in renewable energy and sustainable development, as both countries pursue ambitious economic diversification plans.
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S&P Global Ratings has reaffirmed Azerbaijan's long-term and short-term sovereign credit ratings at "BB+/B" with a stable outlook, citing robust fiscal and external reserves that provide a buffer against economic shocks.
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The Azerbaijani government, in its socio-economic development forecast for 2025–2028, has outlined expectations for methanol (methyl alcohol) production, indicating a continued decline following the peak reached in 2022.
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