Economics - 2024
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The Azerbaijani government is determined to stabilize oil production. This intention was announced by President Ilham Aliyev earlier this year. "Work is underway to stabilize oil production, and I bel...
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Representatives from the World Bank, Azerbaijan’s Ministry of Digital Development and Transport, and the leadership of the Baku International Sea Trade Port (BISTP) convened in Alat on Monday to discu...
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Investments in Azerbaijan's fixed capital totaled 15.91 billion manats ($9.36 billion) in the first 11 months of 2024, marking a 3.8% decline compared to the same period last year, official data showe...
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Discussions surrounding the implementation of a landmark renewable energy project on the Absheron Peninsula took center stage at a December 11 meeting hosted by Azerbaijan’s State Agency for Renewable...
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Azerbaijan's foreign trade turnover reached $38.4 billion in the first ten months of 2024, according to official data released by the State Customs Committee. The country's trade surplus stood at $5.1...
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Azerbaijan's retail sector demonstrated steady growth in the first 11 months of 2024, driven by increased consumer spending and higher sales of both food and non-food items. According to official stat...
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In its latest monthly oil market report, OPEC has revised its global oil demand growth projections downward for the fifth consecutive time, reflecting a cautious outlook on energy markets as economic...
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Azerbaijan's Prime Minister Ali Asadov arrived in Moscow on December 11, 2024, for a working visit aligned with the meeting of the Commonwealth of Independent States (CIS) Council of Heads of Governme...
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In a significant shift for its pension system, Azerbaijan is preparing to introduce private pension funds by 2026, offering citizens an alternative to the state-run system that has long been the corne...








