The EBRD provided loans totaling 156 million euros to finance two projects in Azerbaijan in 2023, thus increasing the volume of financing 25.6% year-on-year in 2024. Azerbaijan has been a member of …
Purchases of Russian oil no longer help Azerbaijan maintain exports
In 2024, Azerbaijan continued to increase purchases of Russian oil, increasing them by almost a third. However, this did not help to keep the export of raw materials.
Azerbaijan’s President Aliyev demands land corridor through Armenia as tensions rise
By Ani Avetisyan in Yerevan Azerbaijani President Ilham Aliyev reiterated demands on January 28 for Armenia to open a land corridor connecting Azerbaijan to its Nakhchivan exclave, escalating tensions …
World Bank Group Unveils New CPF to Support Azerbaijan’s Transition to a Greener, More Inclusive Economy
Plan to Drive Job Creation, Renewable Energy, Digital Connectivity, and Climate Resilience in Azerbaijan Rewritten.
Azerbaijan’s public debt rises 2% to $16 bln in 2024
BAKU. Jan 28 (Interfax) – Azerbaijan’s public debt as of January 1, 2025 was an estimated 27.432 billion manat or $16.136 billion at the current rate, the Finance Ministry said. The debt rose 2% from …
Armenia’s Narratives On Western Azerbaijanis Debunked By New Survey
On January 8, 2025, Armenian Foreign Minister Ararat Mirzoyan stated that Azerbaijanis left Armenia voluntarily during the Soviet Union’s collapse, asserting that they departed in a “civilized manner, …
Azerbaijan bestows tax relief for industrial zone operators and managers
BAKU, Azerbaijan, January 28. An amendment to the Tax Code of Azerbaijan has provided tax exemptions for managing organizations and operators of industrial zones in the country, the State Tax Service …
Azerbaijan boosts size of subsidy for sugar beet production in country
BAKU, Azerbaijan, January 27. The size of the subsidy for sugar beet production in Azerbaijan has been increased, Trend reports via the Ministry of Agriculture. The Council on Agricultural Subsidies …
Azerbaijan convenes economic council meeting (PHOTO)
BAKU, Azerbaijan, January 27. The meeting of the Economic Council of Azerbaijan has been held, Trend reports via the Cabinet of Ministers.
Kazakhstan makes inaugural oil shipment from its Kashagan to Baku Port
BAKU, Azerbaijan, January 27. Kazakhstan’s Taraz tanker, carrying oil from the Kashagan field, has departed from the Aktau port en route to Azerbaijan’s Baku, Tren d reports citing KazMunayGas.