Rosatom to lead consortium to build NPP in Kazakhstan
Russia's state nuclear corporation Rosatom has been tapped to lead an international consortium to build the first nuclear power plant in Kazakhstan, the republic's atomic energy agency said.
Economy
Israel's attack on Iran triggers jump in oil prices
Oil prices have increased amid Israel's attack on Iran, with Brent crude surging by 11.6% to $78.5 per barrel and WTI crude rising to $71.60.
Trump's "Gold Card": US launches website for submitting applications
The USA has begun accepting online applications for the "gold card" program, offering permanent residency for $5 million.
Aghdam Industrial Park sends special footwear to Kazakhstan for first time
Kazakhstan has received the first batch of special footwear from Azerbaijan. The products were manufactured at Aghdam Industrial Park.
U.S. and China reach consensus on implementing Geneva agreements
The United States and China agreed to a framework and implementation plan to ease trade tensions.
World Bank predicts 2.6% economic growth in Azerbaijan
Analysts from the World Bank have shared their economic growth forecasts for Azerbaijan for the next two years.
Iran to connect its Ardabil rail with Azerbaijan
Efforts will be made to connect the railway of Ardabil Province, located in northwestern Iran, to the railways of Azerbaijan, the new Iranian ambassador Mojtaba Demirchilu said.
Azerbaijan to start supplying gas to Germany
The State Oil Company of Azerbaijan (SOCAR) and the German SEFE state energy company have inked a 10-year deal to secure a steady stream of natural gas.
Russia to help Iran develop peaceful nuclear energy
President of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has announced that Russia will construct eight nuclear power plants in Iran under a previously signed contract between the two countries.
Modern container terminal opens in Poti
The opening ceremony of the container terminal of the new multimodal complex took place in the Georgian city of Poti yesterday.
Saudi Arabia's large-scale plans revealed in U.S.
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
Israel to continue buying oil from Azerbaijan
Azerbaijan has assured Israel that it will continue supplying it with oil. At the same time, Israel is not included in the list of countries purchasing Azerbaijani oil in the official documents of the Azerbaijan Republic.
Kazakhstan to choose NPP construction partner by end of month
Kazakhstan is choosing a partner for the construction of its first nuclear power plant. Its name will be announced by the end of this month.
Russia's investments in Georgia up up 2.7-fol din 2025
Direct investments from Russia to Georgia’s economy amounted to $19.2 mln in Q1 2025, which is 2.7 times higher than in the same period last year, according to data released by the Georgian National Statistics Service.
Russia-China trade turnover declines
Trade turnover between Russia and China fell by 8.2% in January-May 2025 year-on-year to $88.796 bln, the General Administration of Customs of China reported.
Russian ruble named best-performing currency
The Russian ruble has staged a stunning rally in 2025, emerging as the world’s top-performing currency so far this year. In the midst of a special operation, declining oil prices and stiff sanctions, Russia’s ruble has been rising, CNBC reported.
Beijing and Washington to discuss trade in London
Delegations of the US and Chinese governments will hold trade talks in London. Donald Trump noted that the USA has made significant progress in the agreement with China.
Port of Baku establishes ties with Chinese Guangdong province
A representative delegation from China recently arrived in Azerbaijan for this purpose
Export duty on Russian wheat to decline
The export duty on Russian wheat will be 652.5 rubles per tonne starting June 11, down 37.5% from 1,023.5 rubles per tonne in the current week, the Russian Agriculture Ministry said.
China may open household appliance plant in Azerbaijan
The Chinese Youkai company may open a plant in Azerbaijan, the head of the company Huang Ping said on the sidelines of the Azerbaijan-China Economic and Trade Cooperation Conference.
