Baku: Azerbaijan’s economy is growing faster than expected, the international rating agency Moody’s Ratings states, APA-Economics reports. According to Azeri-Press News Agency, it is noted that in 2024, the gross domestic product (GDP) in Azerbaijan increased by 4.1% and is expected to grow by about 4% by the end of 2025. This is a significant … Read more
Kars: Distinguished Visitors Day of “Winter Exercise 2025” was held in Kars, Trkiye, the Ministry of Defense of Azerbaijan told APA. The event saw participation from high-ranking military officials, including Major General Kanan Seyidov, Commander of the Combined Arms Army, Major General Ilgar Latifov, Deputy Commander of the Land Forces of the Azerbaijan Army, and … Read more
Baku: Moody’s Ratings released a report highlighting the conditions under which Azerbaijan’s credit rating could be upgraded. The report, shared with APA-Economics, indicates that the positive outlook is a result of improving economic diversification prospects and effective macroeconomic policies that may bolster Azerbaijan’s credit profile, aligning it with a higher rating level. According to Azeri-Press … Read more
Baku: An additional 534 million manats have been allocated annually for increase, which applies to 1.1 million pensioners, Ministry of Labor and Social Protection of the Population of Azerbaijan told APA. According to Azeri-Press News Agency, President Ilham Aliyev’s new Decree “On Indexation of Labor Pensions” allows for further increases in pensions as part of … Read more
Tbilisi: In Georgia, regulations requiring the mandatory participation of non-governmental organizations in the process of public decision-making will be completely removed from all laws and regulations, the executive secretary of Georgia’s ruling Georgian Dream party, Mamuka Mdinaradze, stated. According to Azeri-Press News Agency, Mdinaradze also announced that civil servants will be prohibited from receiving any … Read more
Mogadishu: A delegation led by Azerbaijan’s Deputy Foreign Minister Yalchin Rafiyev has visited the Federal Republic of Somalia to explore opportunities for enhancing bilateral cooperation in political, economic, humanitarian, and other areas, as well as strengthening high-level relations within international organizations. According to Azeri-Press News Agency, during the visit, the Azerbaijani delegation met with Somalia’s … Read more
Ashgabat: Azerbaijani Ambassador to Turkmenistan Gismat Gozalov delivered a briefing on the main outcomes of the UN Climate Change Conference (COP29) held in Baku in November 2024 at the Eighth Coordination Meeting of the Development Partners Climate Group, APA reports. According to Azeri-Press News Agency, the event was co-organized by the Embassy of the United … Read more
Baku: Azeri Light (CIF) Azerbaijani oil has risen in price on world markets, APA-Economics reports. The price of Azerbaijani oil per barrel increased by 0.27 US dollars or 0.35% to 78.42 US dollars. According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 78.15 US dollars.
New York: Natural gas futures prices fell on the New York NYMEX, APA-Economics reports. The price of natural gas futures for March delivery decreased by 0.62% to $3,203 per million BTU (British thermal unit). According to Azeri-Press News Agency, this decline in natural gas prices reflects fluctuations in the energy market, impacting the cost of … Read more
