Baku: Fitch Solutions has released its forecast for Azerbaijan’s oil production, projecting a 4.3% annual increase in crude oil production for 2024, despite current low oil export volumes. This information was detailed in the country report by Fitch Solutions, a subsidiary of Fitch Group, as reported by APA-Economics. According to Azeri-Press News Agency, the report … Read more
Baku: Foreign remittances to Azerbaijan have witnessed a significant decline in 2024, with a 30% decrease in the total amount transferred into Azerbaijani banks through rapid money transfer systems from January to October. During this period, AZN 1 billion 454.6 million was deposited into banks, while funds sent from banks abroad totaled AZN 440.9 million. … Read more
Baku: President of the Republic of Azerbaijan Ilham Aliyev received Mevlt Çavusoglu, the former Foreign Minister of Trkiye, who is currently a member of the Turkish Grand National Assembly and head of the delegation to the NATO Parliamentary Assembly. Mevlt Çavusoglu conveyed greetings from Turkish President Recep Tayyip Erdogan to the Azerbaijani President. According to … Read more
Baku: Over $18 billion in investment may be required to increase gas exports from Azerbaijan to Europe. According to Azeri-Press News Agency, A report by Fitch Solutions highlights the financial demands to boost annual gas exports from Azerbaijan to the European Union (EU) to 20 billion cubic meters. The report, produced by Fitch Solutions, a … Read more
Baku: Inflation in Azerbaijan is anticipated to average 5.0% over the next decade, according to a report by Fitch Solutions, as reported by APA-Economics. Over the past ten years, inflation in the country has averaged 5.5%, but it is expected to decrease slightly over the forecast period through to 2033. According to Azeri-Press News Agency, … Read more
Moscow: A “Ukrainian trace” is clearly evident in the recent escalation in Syria, and Russia strongly condemns the attack, Russian Foreign Ministry Spokeswoman Maria Zakharova stated during a briefing. Zakharova’s remarks emphasize the involvement of Ukrainian individuals in the conflict, highlighting Russia’s stance on the issue. According to Azeri-Press News Agency, Zakharova expressed Russia’s strong … Read more
Baku: President of Tajikistan Emomali Rahmon made a phone call to President Ilham Aliyev of Azerbaijan to discuss various bilateral and international matters. During the conversation, President Rahmon congratulated President Aliyev on the successful organization of COP29, highlighting its significance in promoting the global climate agenda. According to Azeri-Press News Agency, President Aliyev thanked President … Read more
Baku: Selling or producing dangerous food products in Azerbaijan may lead to severe penalties, including imprisonment of up to 10 years. This development follows the proposal of new Articles 200-3 in the Criminal Code of Azerbaijan, APA reports. The amendments aim to enhance food safety regulations and impose stricter consequences on individuals involved in the … Read more
Baku: New fines are set to be imposed on non-governmental organizations in Azerbaijan, including branches and representative offices of foreign NGOs, for failing to provide the supervisory authority with timely, complete, or accurate information on grants and donations. This initiative is reflected in the proposed addition of Article 598.8-1 to the Code of Administrative Offenses. … Read more
