Baku: The European Bank for Reconstruction and Development (EBRD) has forecasted that real economic growth in Azerbaijan will be 3.8% in 2024 and 2.7% in 2025. This announcement comes amid various factors that could influence these projections, such as fluctuations in oil and gas prices and regional geopolitical instability. According to Azeri-Press News Agency, EBRD … Read more
Baku: President Ilham Aliyev has appointed Kamila Huseyn Dadash-zade as the new rector of the Azerbaijan National Conservatory. This appointment follows the dismissal of Siyavush Ashraf Karimi from the position. According to Azeri-Press News Agency, President Aliyev signed an official order for this leadership change. Dadash-zade’s appointment marks a new chapter for the conservatory, an … Read more
Baku: Azerbaijan has announced plans to lease agricultural lands near residential areas in liberated territories to local residents under preferential terms. This initiative, aimed at supporting the agricultural development of these regions, was formalized through an amendment to the law “On Land Lease,” which was recently approved by President Ilham Aliyev. According to Azeri-Press News … Read more
New York: The price of natural gas futures quotes on the New York NYMEX Commodity Exchange has decreased, APA-Economics reports. According to Azeri-Press News Agency, the price of natural gas futures for delivery in January decreased by 1.78% to 3.42 US dollars per 1 million BTU (British thermal unit).
Cascais: The 10th Global Forum of the UN Alliance of Civilizations (UNAOC) is being held in the Portuguese city of Cascais on November 26-27 under the theme “United in Peace: Restoring Trust, Reshaping the Future”, APA reports. This year’s forum is dedicated to the 20th anniversary of the Alliance of Civilizations. According to Azeri-Press News … Read more
BAKU: The famous clothing and fashion brand ‘Christian Dior Couture’ has liquidated its company in Azerbaijan, APA-Economics reports citing the State Tax Service. According to Azeri-Press News Agency, ‘Christian Dior Couture Azerbaijan’ LLC has announced its liquidation. It was noted that creditors can submit their claims to the address 105, Neftchilar Ave. Street, Sabail District, … Read more
Baku: The total assets of the banking sector in Azerbaijan have reached an impressive AZN 49,697.8 million, marking a 1.1% increase from the beginning of this year. This growth was observed over the period from January to October, as reported by APA-Economics, citing the Central Bank of Azerbaijan. According to Azeri-Press News Agency, the sector’s … Read more
Baku: Azerbaijan’s revenues from cargo transportation via main gas pipelines increased by 5.7% from January to September this year, reaching AZN 1,999,005 thousand. This marks a notable rise compared to the same period last year, the State Statistical Committee reported to APA-Economics. According to Azeri-Press News Agency, the revenue for the corresponding period last year … Read more
Baku: The foreign liabilities of the banking sector have increased by AZN 28.4 million compared to the beginning of the year, reaching AZN 2 billion 626.5 million as of November 1. According to Azeri-Press News Agency, the increase in foreign liabilities is mainly related to the rise in the volume of short-term deposits attracted from … Read more
