Baku: About 5.5 million tons of oil were processed in Azerbaijan from January to October of the current year, which matches the indicator of the corresponding period last year. According to Azeri-Press News Agency, the data was provided by the Ministry of Energy of Azerbaijan. It was recalled that in the previous year, approximately 6.5 … Read more
Baku: Azerbaijani economy shows resilience, Deputy Economy Minister says. “Against the background of the ongoing war between Russia and Ukraine, interest rate hikes by major central banks, and increasing fiscal risks, the global economic risks are rising,” Deputy Minister of Economy of the Republic of Azerbaijan Samad Bashirli said during a discussion on the “State … Read more
Baku: President of the Republic of Azerbaijan, Ilham Aliyev, held a significant meeting with Patricia Janet Scotland, Secretary-General of the Commonwealth, as reported by APA. The meeting took place on November 18, focusing on climate challenges and cooperation between Azerbaijan and the Commonwealth. According to Azeri-Press News Agency, Patricia Janet Scotland expressed her gratitude to … Read more
Baku: Optimism is observed in the expectations of economic growth, said the Chairman of the Central Bank, Taleh Kazimov, during the discussion of the draft law “On the 2025 State Budget of the Republic of Azerbaijan” at the meeting of the Economic Policy, Industry and Entrepreneurship Committee of the Parliament held today. According to Azeri-Press … Read more
Baku: The Chairman of the Chamber of Accounts of the Republic of Azerbaijan, Vugar Gulmammadov, announced a significant change in the country’s budget planning during a meeting of the Milli Majlis Committee for Economic Policy, Industries, and Enterprising. For the first time in recent years, the initial price of oil in the budget has been … Read more
Baku: Azerbaijan’s Finance Minister Samir Sharifov announced that President Ilham Aliyev has directed the government to address the issue of salary increases. This announcement was made during the discussion of the draft law “On the 2025 state budget of the Republic of Azerbaijan” at a meeting of the Economic Policy, Industry and Entrepreneurship Committee of … Read more
Baku: A presentation of Azerbaijan’s Energy Efficiency Policy: A Roadmap was unveiled during an event organized in cooperation with the International Energy Agency (IEA) as part of COP29, the Ministry of Energy informed APA-Economics. The event marked a significant step in Azerbaijan’s commitment to advancing energy efficiency and sustainable practices. According to Azeri-Press News Agency, … Read more
Baku: Azerbaijan’s revenues in the oil and gas sector are projected to decrease by AZN 750 million, as announced by the country’s Minister of Finance, Samir Sharifov. This information was disclosed during a discussion on the draft law for the “State Budget of the Republic of Azerbaijan for 2025” at a meeting of the Milli … Read more
Baku: Azerbaijan’s Central Bank Chairman, Taleh Kazimov, has confirmed the country’s commitment to maintaining a stable exchange rate for the manat in the coming years. Speaking during a discussion on the “State Budget of the Republic of Azerbaijan for 2025” draft law at a meeting of the Milli Majlis Committee for Economic Policy, Industries, and … Read more
