BAKU: Azerbaijan has allocated over AZN 3.6 billion for construction and installation works in its liberated districts from January to September 2024. These expenditures represent a significant investment in rebuilding efforts across the regions that were reclaimed. According to Azeri-Press News Agency, calculations based on the State Statistics Committee’s report indicate that AZN 3 billion … Read more
Muscat: A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), is participating in the 16th Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) held in Muscat, the capital of the Sultanate of Oman, APA-Economics reports. According to Azeri-Press News Agency, the IFSWF … Read more
BAKU: The Global Summit of Religious Leaders, themed ‘World Religions for a Green Planet,’ is currently underway in Baku as part of the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change. The summit continued with a series of panel discussions. According to Azeri-Press News Agency, … Read more
Bratislava: The official visit of Colonel General Zakir Hasanov, Minister of Defense of the Republic of Azerbaijan, to Slovakia is currently underway. This visit comes upon the invitation of Mr. Robert Kalinák, the Deputy Prime Minister and Defense Minister of the Slovak Republic. According to Azeri-Press News Agency, during his visit, Colonel General Zakir Hasanov, … Read more
BISHKEK: On November 5, the ‘Chinghiz Aitmatov’ Order was presented to Ilham Aliyev, President of the Republic of Azerbaijan, in Bishkek, APA reports. The head of state arrived at the house-museum dedicated to the prominent Kyrgyz writer, Chinghiz Aitmatov. According to Azeri-Press News Agency, President Aliyev first toured the house-museum, located at the ‘Ala Archa’ … Read more
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 more
Ankara: 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 more
Ankara: 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 more
Ankara: 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 more