Baku: The World Bank Group (WBG) Board of Directors discussed and adopted a new Country Partnership Framework (CPF) for Azerbaijan, outlining its strategic engagement with the country over the next five years, APA-Economics reports. The CPF is designed to support Azerbaijan’s transition toward a more competitive, greener, and inclusive economy while addressing key development challenges. … Read more
Washington: The implementation of investment plans in the energy sector supported by US President Donald Trump could increase the American capacity to produce and export liquefied natural gas (LNG) by a maximum of three times by 2030. According to Azeri-Press News Agency, this development could significantly alter the market dynamics of LNG within five years, … Read more
Baku: The municipal elections commenced throughout Azerbaijan on January 29. President of the Republic of Azerbaijan Ilham Aliyev participated in the electoral process by casting his vote at polling station No. 1 of Sabail constituency No. 7, which is situated within secondary school No. 6. According to Azeri-Press News Agency, President Aliyev entered the voting … Read more
London: During trading on the ICE London Intercontinental Exchange, the price of the April 2025 Brent crude oil contract for export decreased by 0.25% to 76.3 US dollars per barrel, APA-Economics reports. The price of a barrel of WTI crude oil for export in March this year on the NYMEX New York Commodity Exchange decreased … Read more
New York: Natural gas futures prices fell on the NYMEX, APA-Economics reports. According to Azeri-Press News Agency, the price of natural gas futures for March delivery increased by 0.36% to $3.077 per million BTU (British thermal unit).
New York: The price of one troy ounce of gold on the COMEX commodity exchange of New York increased by 0.11% and was equal to 2,797.8 US dollars, APA-Economics reports citing stock exchange data. According to Azeri-Press News Agency, the price of one ounce of silver on COMEX increased by 0.07% and was equal to … Read more
Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is expected to generate $5 billion 763.1 million or AZN 9 billion 797.3 million in revenue from profitable oil and gas, as projected in the 2025 budget draft. This information was reflected in the opinion of the Chamber of Accounts on the draft budget … Read more
Baku: President of the Republic of Azerbaijan Ilham Aliyev has sent a congratulatory letter to President of the People’s Republic of China Xi Jinping on the occasion of the upcoming Spring Festival, APA reports. According to Azeri-Press News Agency, the letter from President Aliyev expressed his sincere congratulations to President Xi Jinping and the people … Read more
Baku: The composition of the Organizing Committee for the III CIS Games, scheduled to be held in Azerbaijan in 2025, has been revised. President Ilham Aliyev has signed an order effectuating this change. According to Azeri-Press News Agency, the new composition of the Organizing Committee includes Samir Sharifov, the Deputy Prime Minister of the Republic … Read more
