Azerbaijan exported $3.4 billion worth of oil this year
In the first three months of this year, Azerbaijan exported oil worth $3.4 billion. Italy was the leader in supplies.
Azerbaijani economy
Azerbaijan continues to increase wages
In the first two months of this year, the average salary in Azerbaijan increased by 11% and amounted to more than $550.
Hikmet Hajiyev: Middle Corridor to ensure growth of Baku-Beijing trade
Full operationalization of the Middle Corridor will enable trade relations between Azerbaijan and China to grow further, head of the Foreign …
Azerbaijan envisages smart approach for green economy development
A clever approach to several measures for the development of green economy in Azerbaijan is planned, Azerbaijan's Deputy Economy Minister Sahib Mammadov …
Azerbaijan and Kabardino-Balkaria strengthening cooperation
Russia’s Kabardino-Balkarian Republic and Azerbaijan plan to cooperate in trade, economic, scientific, technical and cultural sectors. Chairman …
Russian-Azerbaijani forum to be held in Stavropol Territory
The Stavropol Territory will host a forum, which will bring together representatives of business circles from Azerbaijan and Russia. It is planned to hold meetings, presentations and round tables. A cultural program is also preparedfor the guests of the region.
Moscow and Baku reach $4.4 bln in trade turnover last year
The trade turnover between Russia and Azerbaijan reached $4.4 billion last year, Russia's Ambassador to Baku Mikhail Yevdokimov …
Azerbaijan indexes and increases pensions by 11.2%
The Head of the Republic of Azerbaijan signed a decree according to which all types of pension payments were indexed and increased by 11.2%.
Azerbaijan's foreign exchange reserves exceed $66 bln
Azerbaijan's strategic foreign exchange reserves have grown by 17% and will amount to $66.5 billion by the end of 2023, governor of the Azerbaijani Central …
Azerbaijan lowers refinancing rate
The Central Bank of Azerbaijan lowered the discount rate today from 8% to 7.75% According to the bank, the top limit of the interest rate …
Drivers of Azerbaijan success in the 21st century
Within recent decades, Azerbaijan has gone a long and successful way to become the strongest country of the South Caucasus and an important actor in international affairs
Azerbaijan's export growth could reach $1bln
Azerbaijan has the potential to increase its annual exports by more than $1 billion over the next five years, UN Resident Coordinator in the country …
Azerbaijan and Türkiye increase mutual trade volumes by 31%
Azerbaijan and Türkiye are strengthening the development of mutual trade. Last year, the countries achieved a record trade turnover and increased volumes by almost $2 billion.
Russia and Azerbaijan sign bilateral cooperation 2024-2026 roadmap
Russian Deputy Prime Minister Alexei Overchuk and Azerbaijani Deputy Prime Minister Shahin Mustafayev signed a roadmap on the main areas for enhancing Azerbaijani-Russian cooperation, the Azerbaijani government's press service said. …
Azerbaijan's 2023 trade turnover with Russia revealed
Trade turnover between Russia and Azerbaijan at the end of 2023 amounted to $4.358 bln, which is 17.5% more than in 2022, the Azerbaijani …
Azerbaijan to tame sun
Azerbaijan will build two solar power plants by the end of 2024, Azerbaijani Energy Minister Parviz Shahbazov wrote on X. Such an agreement was reached following the visit of the United Arab Emirates President to Baku and the signing of …
Azerbaijan becomes one of leading destinations for investors
Azerbaijan is among the top ten priority markets for foreign investors. This happened due to the country's stable macroeconomic indicators.
Ilham Aliyev amends Law on Banks
President of Azerbaijan Ilham Aliyev has signed a law on amendments to the Law of the Republic of Azerbaijan "On Banks". According to the …
Azerbaijan and Türkiye increasing trade turnover
Türkiye is Azerbaijan's second-largest economic partner, with a mutual trade transaction of $7.2 billion in January-November 2023, Azerbaijani …
How much Türkiye invested in Azerbaijan's economy?
Türkiye has invested $15.2 billion in the Azerbaijani economy, chairman of the Board of the Small and Medium Business Development Agency under the Azerbaijani Economy Ministry Orkhan Mammadov said. According to him, $11.7 billion …
