NEW YORK: The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has decreased, APA-Economics reports. The price of natural gas dropped by 1.63% to $2.60 per 1 million BTU (British thermal unit). According to Azeri-Press News Agency, the decline in natural gas prices may impact various sectors relying on […]
Read MoreAnkara: Oil prices have risen on world markets: APA-Economics reports. The price of a barrel of Brent crude oil on the London ICE (InterContinental Exchange Futures) has increased by $1.70, reaching $74.34. On New York’s NYMEX (New York Mercantile Exchange), the price of a barrel of Light crude oil rose by $1.84, amounting to $70.77. […]
Read MoreAnkara: Annual inflation in Trkiye has dropped again, APA-Economics reports citing the Turkish Statistical Institute (TSI). According to Azeri-Press News Agency, annual inflation in October of this year was 48.58%. In September, this indicator was 49.38%. In October, consumer prices increased by 2.88% compared to the previous month and by 39.77% compared to the beginning […]
Read MoreAnkara: The International Credit Rating Agency SandP Global Ratings releases forecast for Azerbaijan’s Banking Sector, APA reports. Return on assets of the banking sector of Azerbaijan (RoAA) in 2024-2026 will be 2.1%, return on equity of the sector (ROE) -16%. According to Azeri-Press News Agency, The rating agency forecasts the banking sector’s non-performing loans to […]
Read MoreBAKU: In October, representatives from the International Committee of the Red Cross (ICRC) conducted visits to Armenian detainees held in Baku, as notified by Azerbaijani authorities. The ICRC’s visits aimed to facilitate the exchange of family news for the detainees. According to Azeri-Press News Agency, the detainees were met in private settings, allowing them to […]
Read MoreBAKU: Azerbaijan detained 52 foreigners last month for border violation, seizing contraband worth AZN 3.8 million. In October 2024, the State Border Service of Azerbaijan reported significant achievements in securing the state border and combating smuggling, illegal migration, and drug trafficking. According to Azeri-Press News Agency, the Press Center of the State Border Service revealed […]
Read MoreBaku: Industrial production in Baku from January to September of the current year amounted to AZN 39.8 billion, as reported by the Baku Statistics Department. This substantial figure highlights the significant role of the industrial sector in the city’s economy. According to Azeri-Press News Agency, 75.5% of the industrial production stemmed from the mining sector, […]
Read MoreNakhchivan: President of the Republic of Azerbaijan Ilham Aliyev has signed an Order on appointing Jabbar Musayev Hafiz as Head of the Nakhchivan City Executive Power of the Nakhchivan Autonomous Republic, APA reports. According to the Order, Jabbar Musayev Hafiz has been appointed as Head of the Nakhchivan City Executive Power of the Nakhchivan Autonomous […]
Read More