Economics - 2023
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The Food Safety Agency of Azerbaijan has issued a permit to Russian agricultural enterprises to continue exporting their products to the republic in the coming year, the Russian Federal Service for Ve...
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The Cabinet of Ministers in Azerbaijan has greenlit the General Plan for the comprehensive development of Baku until 2040, marking a significant milestone in the nation's urban planning agenda. The of...
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On Saturday, the official opening of a new bridge and border checkpoint across the Astarachay River took place on the Azerbaijani-Iranian border, a project initiated within the framework of a memorand...
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Azerbaijan anticipates a robust economic performance in the coming year, with the growth rate of its real gross domestic product (GDP) projected to reach 2.4%, amounting to a substantial 118.4 billion...
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AzerBlast LLC, a subsidiary of AzerGold CJSC, has successfully commissioned Azerbaijan's inaugural industrial explosives production plant in Ganja, marking a significant milestone for the country's mi...
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Bakhtiyar Aslanbayli, BP's Vice President for Communications and External Relations for the Caspian region, has announced that gas production at Azerbaijan's Shah Deniz field is nearing peak levels. D...
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Energy giant BP is currently negotiating with the government of Azerbaijan to ensure effective management of the Azeri-Chirag-Guneshli (ACG) block of fields until 2049, which is an important milestone...
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Baku, once home to electric trams since 1924, is witnessing a revival of electric transport with the introduction of Chinese electric buses, marking a shift towards more sustainable public transportat...
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The State Oil Fund of Azerbaijan (SOFAR) projects a 26.1% decrease in budget revenues for the upcoming year, totaling 12,073.3 million manats, as compared to the forecasted figures for the current yea...
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Russian Prime Minister Mikhail Mishustin held a telephone conversation with his Azerbaijani counterpart Ali Asadov on Thursday, December 28, during which the main attention was paid to key aspects of...
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The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has given the green light to the creation of SOCAR Green LLC, which indicates a strategic step to promote the development of renewa...
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The International Association of Automobile Carriers of Azerbaijan (ABADA) reported a significant increase in its international transportation activities in 2023, which involved about 12,000 vehicles...
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In line with the ambitious "I State Program for the Great Return to the Territories of the Republic of Azerbaijan liberated from Occupation," significant strides are being made in the creation of a gr...
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The Central Bank of Azerbaijan (CBA) anticipates a robust economic rebound in 2024, forecasting a Gross Domestic Product (GDP) growth range of 3-3.5%. This optimistic outlook is underpinned by extensi...
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In accordance with the latest trends in monetary policy, the Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate in the range of 5% to 5.5% for 2024. Despite the Government's persisten...
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The Cabinet of Ministers in Azerbaijan has greenlit the "Procedure for control over the management of space objects registered in the State Register of Space Objects of the Republic of Azerbaijan," in...















