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
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
Baku: Last year, investigations were conducted into 1,649 fire incidents that occurred in Azerbaijan, the Ministry of Emergency Situations (MES) has released information in this regard, APA reports. According to Azeri-Press News Agency, during the fire incidents, 40 people lost their lives, and 210 people were injured. Compared to the previous year, this is 1 … Read more
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