Exports of sawn timber from Russia in 2023 decreased by 10 % compared to the previous year and amounted to 20.7 mln m³. The top ten largest importers are Azerbaijan (516 thousand m³), Tajikistan (482 …
Azerbaijan Gears Up For COP29: A Comprehensive Overview
Azerbaijan confirmed its commitment to reduce greenhouse gas emissions by 35% by 2030, increasing this objective to 40% by 2050. The government of Azerbaijan prioritizes fulfilling the pledges made …
Business as usual for EU and Azerbaijan amid Nagorno-Karabakh ‘ethnic cleansing’
EU’s ‘concern’ for ethnic Armenians comes after it signed multi-billion-euro deal with country that persecuted them …
Delegation Of Azerbaijan’s SMBDA Visits Austria
visited Vienna to expand relations between the business circles of Azerbaijan and Austria, especially SMEs, review possible cooperation opportunities, and exchange information and experience on …
Armenia’s Pashinian Proposed Nonaggression Pact With Azerbaijan
Armenian Prime Minister Nikol Pashinian on January 28 told … specifying it was now open to using the EU budget for the Ukraine package and even issuing common debt to finance it, if other caveats …
Armenia joins International Criminal Court in sign of growing schism with Russia
Armenia formally joined the International Criminal Court (ICC) on Thursday – signalling that it wants to move against Azerbaijan, which it accuses of “ethnic cleansing” in the Nagorno-Karabakh enclave …
Azerbaijan, IFC moot expanding cooperation scope within COP29
BAKU, Azerbaijan, February 2. Azerbaijan and International Finance Corporation (IFC) have discussed expanding cooperation scope within COP29, the Azerbaijani Minister of Economy Mikayil Jabbarov wrote …
CBA Examines Demand For Green Loans And Bonds In Azerbaijan
According to him, Azerbaijan’s efforts to issue “green loans” and “green bonds” are not only the responsibility of the CBA. “Green loans” should be in demand among businesses. The bank can then take …
Azerbaijan earns huge income from passenger, cargo transportation for two decades
BAKU, Azerbaijan, February 1. Azerbaijan’s Ministry of Digital Development and Transport has reported a tenfold increase in revenues from passenger and cargo transportation by road in 20 years, Trend …
Limited Access To Financial Resources Causes Credit Unions In Azerbaijan Face Hurdle
In 2023, credit unions in Azerbaijan faced a formidable challenge as they concluded the year with a net loss of 0.25 million AZN (0.15 million USD), marking a significant increase of 12.5 times …