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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 …
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 …
Azerbaijan's First Deputy Economy Minister Elnur Aliyev and Kyrgyz ambassador to Azerbaijan Maksat Mamytkanov held talks today.
Aghdam (the Karabakh economic region of Azerbaijan) will begin to produce chargers for electric cars soon. Their production will be the first for all of Azerbaijan. After the launch of the enterprise, 70 new jobs will be created.
The interaction between Baku and Moscow is proceeding in a completely problem-free manner
An event titled "New Opportunities for Entrepreneurs: Let’s Revive Karabakh Together" organized by the Ministry of Economy of Azerbaijan, was held in …
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
In the first three months of this year, Azerbaijan exported oil worth $3.4 billion. Italy was the leader in supplies.
In the first two months of this year, the average salary in Azerbaijan increased by 11% and amounted to more than $550.
Full operationalization of the Middle Corridor will enable trade relations between Azerbaijan and China to grow further, head of the Foreign …
A clever approach to several measures for the development of green economy in Azerbaijan is planned, Azerbaijan's Deputy Economy Minister Sahib Mammadov …
Russia’s Kabardino-Balkarian Republic and Azerbaijan plan to cooperate in trade, economic, scientific, technical and cultural sectors. Chairman …
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.
The trade turnover between Russia and Azerbaijan reached $4.4 billion last year, Russia's Ambassador to Baku Mikhail Yevdokimov …
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 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 …
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 …
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 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 are strengthening the development of mutual trade. Last year, the countries achieved a record trade turnover and increased volumes by almost $2 billion.
