3.1 Magnitude Earthquake Jolts Azerbaijan’s Hajigabul

Hajigabul: An earthquake has jolted Hajigabul, Republic Seismic Survey Center told APA. According to Azeri-Press News Agency, a 3.1 magnitude earthquake has been recorded in the Hajigabul district, located 20 km north from the Shirvan Station, at 6:31 p.m. The seismic event has caught the attention of local authorities and residents in the region, though … Read more

XRP Price Drops by 7.80%: What’s Ahead for Ripple

New York: XRP price has dropped by 7.80% in the last 24 hours to reach around $2.30 on Feb. 7, mirroring declines in the broader crypto market. According to Azeri-Press News Agency, this decline is part of a consolidation move following the global market rout on Feb. 3. Nearly $152.35 million worth of XRP futures … Read more

Oil Prices Rise on World Markets

Baku: Oil prices rise again on world markets: Oil prices rise again on world markets, APA-Economics reports. During trading operations on the ICE London Intercontinental Exchange, the price of the April 2025 Brent oil export contract increased by 0.50% or $0.37 to $74.66 per barrel. On the New York NYMEX Commodity Exchange, the price of … Read more

AZAL Introduces 25% Discount on International Flights

Baku: Azerbaijan’s national air carrier, AZAL, is launching a new campaign to make travel more accessible for passengers, Press Service of Azerbaijan Airlines CJSC told APA-Economics. According to Azeri-Press News Agency, by February 16, 2025, passengers can purchase flight tickets to all international destinations of AZAL with a 25% discount. This offer applies to flights … Read more

Banks’ Purchases of Cash Russian Rubles in Azerbaijan Plummet by Nearly Threefold in 2024

Baku: Transactions involving the purchase and sale of cash Russian rubles by banks in Azerbaijan witnessed a significant decline in 2024, with the total volume reaching 8 billion 376.9 million rubles. According to APA-Economics’ calculations based on data from Azerbaijan’s State Customs Committee, this figure marks a steep reduction of 2.1 times or 9.1 billion … Read more

Azerbaijan, Georgia, Trkiye, and Bulgaria Finalize Green Energy Transfer Document

Istanbul: The 3rd meeting of deputy ministers from Azerbaijan, Georgia, Trkiye, and Bulgaria took place in Istanbul, focusing on the Azerbaijan-Georgia-Turkey-Bulgaria Green Energy Corridor project. According to Azeri-Press News Agency, the meeting was attended by a delegation led by Azerbaijan’s Deputy Minister of Energy, Orkhan Zeynalov. Discussions centered on Azerbaijan’s strategy for energy transition and … Read more

Azerbaijani Oil Price Drops in World Markets

Baku: Azerbaijani oil of the Azeri Light (CIF) brand has fallen in price on world markets, APA-Economics reports. The price of Azerbaijani oil per barrel decreased by 0.50 US dollars or 0.65% to 76.42 US dollars. According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 76.92 US dollars.

Hand Grenade Suitable for Combat Use Discovered in Khatai District, Baku

Baku: A hand grenade, identified as an F-1 model suitable for combat use, was discovered in the Khatai district of Baku. The Ministry of Emergency Situations (MES) reported that the “112” hotline received a notification regarding the presence of ammunition in the area. According to Azeri-Press News Agency, the special rapid response group from the … Read more