Middle East conflict provokes traffic congestion in Persian Gulf
Shipowners report problems in the Persian Gulf due to the escalation of the situation in the Middle East
Economy
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Blocking of Strait of Hormuz to trigger 'oil shock' - RDIF head
The potential blocking of the Strait of Hormuz by Iran will not spare the United States, triggering a "global oil shock," CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said.
Russia and Kazakhstan sign documents on first NPP in republic
Rosatom and the Agency of Kazakhstan for Atomic Energy have signed documents on the first nuclear power plant (NPP) in the republic today at the St. Petersburg International Economic Forum (SPIEF).
Hungary to combat Europe’s initiative to phase out Russian gas
Hungary opposes the proposal by the European Commission to phase out Russian gas, and it plans to combat it, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said.
Middle Corridor to see spike in freight throughput by 2030
The transport and logistics route known as the Middle Corridor is becoming one of the key factors in economic cooperation between Kazakhstan and Azerbaijan, according to a joint report by the Astana International Financial Centre and the Institute for Development and Diplomacy at ADA University.
Vladimir Putin elaborates on Russian-Azerbaijani relations
Trade turnover between Russia and Azerbaijan increased by 7% in 2024, and this is a good indicator, Russian President Vladimir Putin said at a meeting with the heads of the world's leading news agencies.
Azerbaijan announces strengthening trade ties with Central Asia
Azerbaijan has become one of Eurasia’s transport and logistics centers, Azerbaijan's Deputy Foreign Minister Samir Sharifov said at the event titled “Multifaceted Cooperation between Azerbaijan and Turkmenistan: Achievements and Prospects” in Baku.
Volume of parallel imports in Russia dropped by three times
The parallel import mechanism was launched in Russia in 2022
Kazakhstan interested in cooperation with China in nuclear energy
According to President Tokayev, Astana is interested in this
Moscow and Astana negotiating increase in oil supplies to China
The Kazakh authorities are negotiating a potential increase in supplies of Russian oil to China via the republic by 2.5 mln tons with Moscow, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said.
Kazakhstan becomes main wheat exporter to Azerbaijan
Azerbaijan’s purchases amounted to $95 mln
Russia, Abkhazia to cooperate in energy and medicine
The parties plan to develop industry roadmaps for both areas
Why Israel-Iran war push up oil prices?
An escalating conflict between Israel and Iran has rattled global markets, pushing oil prices sharply higher.
Russia and Kazakhstan to form consortium to build nuclear power plant
Russia's nuclear energy corporation Rosatom, the Atomic Energy Agency of Kazakhstan and Kazakhstan Atomic Power Plants LLP will jointly form an international consortium to build a nuclear power plant in Kazakhstan.
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.
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.
