Economics - 2024
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Buildings in Azerbaijan consume 33.5% of the nation’s total energy, surpassing the global average of 30%, according to a report presented by the World Bank at the second annual reporting meeting of th...
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The Milli Majlis, Azerbaijan's parliament, has given the nod to the draft law "On the Execution of the State Budget of the Republic of Azerbaijan for 2023" in its initial reading during the parliament...
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Today marks the commencement of the inaugural conference of the Young Agro-Entrepreneurs project in Azerbaijan, a pioneering initiative aimed at revitalizing the agricultural sector through innovation...
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The Central Bank of Azerbaijan (CBA) has approved significant additions and amendments to its regulations, mandating life insurance for borrowers of consumer loans in case of death or disability. This...
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The State Oil Company of Azerbaijan (SOCAR) has acquired a 3% equity interest in the SARB and Umm Lulu fields from the Abu Dhabi National Oil Company (ADNOC. The deal, finalized on May 30, marks a str...
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Baku, Azerbaijan (Reuters) - Azerbaijan Caspian Shipping Company (ASCO) Closed Joint Stock Company reported a net profit of 43.685 million manats for the fiscal year 2023, marking a significant declin...
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In a significant move towards bolstering regional connectivity, Azerbaijan has extended an invitation to Pakistan to join the ambitious Middle Corridor project, a pivotal transport route linking Asia...
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Changes aimed at enhancing competition in Azerbaijan will be fully prepared by the end of August or early September, according to Jafar Babayev, Deputy Head of the State Service for Antimonopoly Contr...
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The schedule for the return of former internally displaced persons (IDPs) to territories in Azerbaijan liberated from occupation in 2025 was the focus of a recent meeting of the Working Group on Urban...
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This year, the Azerbaijani capital will play host to a significant gathering in the aviation industry. From June 11 to 13, Baku will welcome the World Air Navigation Summit 2024 and the 28th Annual Ge...
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Azerbaijan and Iran signed a protocol regulating the distribution of water and energy resources of the Araz River following the 53rd meeting of the joint Permanent Commission on Water and Energy Resou...
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Azerbaijan's economy faced a significant slowdown in 2023, with growth plummeting from 4.6% in 2022 to a mere 1.1%, sparking concerns within the government about avoiding the middle-income trap, accor...
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Food product imports to Azerbaijan surged by 3.2% in the first four months of 2024 compared to the same period last year, according to calculations based on data provided by the State Customs Committe...
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The European Bank for Reconstruction and Development (EBRD) has announced plans to extend a sovereign loan of up to $30 million to the Republic of Azerbaijan, facilitated through the Ministry of Finan...
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While UniSuper, Australia's prominent pension fund, manages a substantial budget of $135 billion serving over 615,000 members, concerns persist over the transparency and accountability of Azerbaijan's...
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Kazakhstan has successfully integrated its transport systems with Azerbaijan and China on the Trans-Caspian International Transport Route (TMTM), announced Transport Minister Marat Karabayev. This sta...















