Baku: Fitch Ratings International Rating Agency has released its forecast for the financial performance of the State Oil Company of Azerbaijan (SOCAR) for 2025, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, SOCAR’s total revenue in 2025 is forecast to be 45.9 billion US dollars. This represents a 9.3% decrease compared to … Read more
Baku: Despite adverse weather conditions affecting the country, Heydar Aliyev International Airport has reported no delays or cancellations in their flight schedule. The press service of Heydar Aliyev International Airport communicated this update to APA-Economics. According to Azeri-Press News Agency, flight safety measures are fully in place, allowing all flights to operate as scheduled. Passengers … Read more
Karachi: Representatives of the Azerbaijan Naval Forces are actively participating in the AMAN-25 multinational exercise and the Aman Dialogue in Karachi, Pakistan, APA reports citing the Ministry of Defense of the Republic of Azerbaijan. According to Azeri-Press News Agency, First Deputy Commander of the Naval Forces, Chief of Staff, 1st grade Captain Teymur Murshudov, represented … Read more
Madrid: Real Madrid are planning to go big for Arsenal defender William Saliba in the summer transfer window, with a report revealing what the Gunners could do in the event of a bid from Los Blancos as a top Liverpool star has been backed to move to the Santiago Bernabeu along with Trent Alexander-Arnold, Apasport … Read more
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
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
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
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.
Baku: In 2024, a total of 14,856 natural and technogenic incidents occurred in the territory of the Republic of Azerbaijan, leading to the loss of 83 lives and injuries to 326 individuals. The Ministry of Emergency Situations (MES) has released this information, as per an APA report. According to Azeri-Press News Agency, this figure represents … Read more
