Economics - 2024
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In the first 11 months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) reported foreign currency sales totaling USD 6.494 billion, marking a 2.55-fold increase compared to the same period in the pre...
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Azerbaijan's metallurgical and manufacturing sectors are experiencing a dramatic upswing, with steel rebar production climbing 78% in October 2024 compared to the same period in 2023. Over the first t...
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Steel production in Azerbaijan is on the rise, growing by 19% in 2024, signaling recovery in a sector often regarded as an industrial health indicator. Bolstered by increased demand from the construct...
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Azerbaijan's Energy Minister Parviz Shahbazov announced on the social media platform X that on Tuesday, he held discussions with Guinea-Bissau's Foreign Minister Carlos Pinto Pereira about potential e...
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Azerbaijan’s strategic foreign exchange reserves surged 7.3% in the first nine months of 2024, reaching $73.5 billion, according to the Central Bank’s recently published Monetary Policy Review.
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The VIII International Banking Forum has commenced in Baku, bringing together regional and global banking leaders to discuss the future of reliable, safe, and sustainable banking. Supported by the Ass...
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Reflecting the growing economic and strategic partnership between Azerbaijan and the United Arab Emirates (UAE), Minister of Economy Mikayil Jabbarov attended a ceremony in Baku on Tuesday, celebratin...






