Economics - 2024
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BP, a key player in the energy sector, has announced a significant milestone in the development of the Shah Deniz field, with the commencement of gas production on the northeastern flank as part of th...
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Norway, Algeria and Azerbaijan are doing their best to maintain high levels of natural gas exports to Europe amid declining Russian supplies. As S&P Global notes, two years since Russia launched a ful...
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The insurance sector in Azerbaijan demonstrated continued resilience and growth momentum in January 2024, with premiums collected by insurance companies reaching 139 million 113.5 thousand manats, mar...
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In recent months, a downward trend in prices for essential food items has been observed worldwide. According to the Food and Agriculture Organization of the United Nations (FAO), the FAO Food Price In...
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According to Gulamhusein Valadi, Director General of the Department of Northern Railways of Iran, the trade turnover between Azerbaijan and Iran has increased by 28% over the past 11 months, reaching...
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Kyrgyz Ambassador to Azerbaijan and Georgia Kairat Osmonaliyev and President of Azerbaijan Airlines CJSC (AZAL) Samir Rzayev discussed the potential resumption of direct flights between Baku and Bishk...
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In 2023, exports of cement clinker from Azerbaijan showed a noticeable increase: according to official data, shipments to neighboring Georgia, which is its only importer, increased by 13.9% compared t...
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Since the creation of the online portal www.edvgerial.az Azerbaijani citizens took the opportunity to refund value added tax (VAT) in real estate transactions. The numbers speak volumes: over 14 thous...
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The prospect of artificial diamond production taking root in Azerbaijan has sparked both intrigue and skepticism within economic circles. Zakir Ibrahimov, Chairman of the Board of "Azergold" Closed Jo...
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In January 2024, the State Property Service, operating under the Ministry of Economy, made a contribution to Azerbaijan's state budget, remitting 15.3 million manats derived from the privatization and...
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Azerbaijan and Turkey have made significant progress in strengthening their economic partnership by expanding the list of duty-free exports of goods between the two countries. According to Turkish...
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The latest forecast from the Dutch multinational banking and financial services corporation, ING Group, has sparked discussions about the future trajectory of Azerbaijan's monetary policy. According t...
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Samir Musa oglu Rzayev has been appointed as the President of Azerbaijan Airlines CJSC following an order by President Ilham Aliyev. Rzayev's journey within AZAL has been marked by progressive advance...
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A recent seminar organized by the World Bank shed light on the concerning levels of energy consumption in buildings within Azerbaijan. According to the World Bank, buildings in Azerbaijan are responsi...
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The Fund for the Social Development of Internally Displaced Persons has embarked on the design phase for six additional settlements in territories liberated from occupation in Azerbaijan. The proje...
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At the initial stage Azerbaijan plans to export 4 GW of green energy to Europe via the Black Sea. This was announced by Azerbaijani Deputy Energy Minister Kamal Abbasov during his speech at the 14t...















