Oil Shock Ripples Across Europe as Russian Transit Halt Disrupts Kazakh Supplies

On May 17, the flag of the World Urban Forum will be raised at the Olympic Stadium in Baku, officially marking the opening of WUF13 — one of the world’s largest international gatherings dedicated to the future of cities, urbanization and human life in the 21st century.

On May 14, the Baku Court of Appeal reviewed the appeal complaint filed by public activist Ahmad Mammadli.

Azerbaijan’s economic growth nearly stalled in the first four months of 2026 as declining activity in the oil and gas sector continued to weigh on the economy despite moderate growth in non-oil industries and large-scale government infrastructure spending.

Azerbaijan maintained a positive foreign trade balance in the first four months of 2026 thanks to strong oil and gas revenues, although the structure of trade continued to highlight the economy’s heavy dependence on the energy sector alongside rising imports of industrial and consumer goods.