Shusha complex of hotel-congress centre belongs to "PASHA Holding"

Azerbaijan’s state-owned electricity producer, Azerenergy, is advancing the construction of six hydroelectric power plants (HPPs) in the Kalbajar and Lachin districts as part of the country’s efforts to expand its renewable energy capacity. The plants, with a combined capacity of 37.5 megawatts (MW), are expected to be commissioned in the first half of 2025, according to the company.

In Almaty, where glass-and-steel towers of a growing tech-driven economy rise against the snow-capped peaks of the Zailiysky Alatau, Digital Almaty 2025 has set the stage for discussions that extend far beyond Kazakhstan’s borders. The forum, now a cornerstone of Central Asia’s digital transformation agenda, has attracted a constellation of policymakers, tech entrepreneurs, and industry leaders seeking to shape the next wave of artificial intelligence (AI) integration into industrial economies.

The volume of money transfers from Russia to neighboring countries continued to decline in 2024, according to data from the central banks of Kazakhstan, Georgia, Armenia, and Azerbaijan analyzed by RBC. The figures, which account for transactions through banking infrastructure and money transfer systems such as Zolotaya Korona, Unistream, and Contact, highlight a continued downward trend after a surge in remittances in 2022.

Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.