Azerbaijani economy

Azerbaijan quadruples butter exports to Russia

Azerbaijan quadruples butter exports to Russia

Since the beginning of the year, Russia has imported more than 900 tons of butter from Azerbaijan, which is four times higher than the figures recorded in January last year.

Azerbaijan invests $20bln in Turkish economy

Azerbaijan invests $20bln in Turkish economy

Azerbaijan has invested over $20 billion in Türkiye so far, Azerbaijani Foreign Minister Jeyhun Bayramov said at a joint press conference with Turkish Foreign Minister Hakan Fidan in Baku. “Several projects are …

Georgia and Azerbaijan to agree on economic cooperation

Georgia and Azerbaijan to agree on economic cooperation

Georgian Prime Minister Irakli Kobakhidze will pay visit to Azerbaijan on Friday, the country’s governmental press service reported. The PM will co-chair a session of the Georgia-Azerbaijan Intergovernmental Commission on …

Azerbaijan boosts agricultural exports to nearly $1bln

Azerbaijan boosts agricultural exports to nearly $1bln

Azerbaijan boosted exports of agricultural and agro-industrial products 15.9% year-on-year to $989 million in January-November 2024, the Azerbaijani center for analyzing economic reforms and communications reported. The share of …

Azerbaijan-Russia Business Council holds meeting in Baku

Azerbaijan-Russia Business Council holds meeting in Baku

The meeting of the Azerbaijan-Russia Business Council was held in Baku on December 2. In addition to officials, the event was attended by representatives of more than 90 members of the Council - institutions and organizations working in …

Azerbaijan world’s 2nd top persimmon exporter

Azerbaijan world’s 2nd top persimmon exporter

© Photo: Maria Novoselova/ Vestnik Kavkaza In recent years, Azerbaijan has seen its persimmon exports grow. The country has become the 2nd largest exporter of the sweet berry in the world. In …

 Azerbaijan manifolds electricity output from renewable sources

Azerbaijan manifolds electricity output from renewable sources

The production of electricity from renewable energy sources, including hydropower plants, in Azerbaijan exceeded 2.4 billion kilowatt-hours kWh from January through July 2024 - up 1.32 billion kWh (81.5%) year-on-year Data from the …

SOCAR's rating upgraded with Stable Outlook

SOCAR's rating upgraded with Stable Outlook

Fitch Ratings has upgraded Azerbaijan's State Oil Company (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BB+'. The Outlook on the Long-Term IDR is Stable, the Fitch Ratings press …