Baku: Azerbaijan has launched 21 criminal cases concerning municipalities over the past year. Measures were taken under administrative control to ensure the efficient use of local budget funds, adherence to legislation, and transparency in managing municipal property, including land. The efforts also aimed to prevent conditions conducive to corruption and other violations. These findings were … Read more
Baku: The World Bank has played a significant role in modernizing Azerbaijan’s key sectors, including energy, agriculture, transport, and healthcare, through over 50 investment projects, according to Shahmar Movsumov, Assistant to the President of the Republic of Azerbaijan. Movsumov, who is also the Head of the Department of Economic Issues and Innovative Development Policy of … Read more
Baku: The financial sector plays a crucial role in financing economic growth, said Taleh Kazimov, Chairman of the Central Bank of Azerbaijan, during his speech at the presentation event of the World Bank’s annual global report, APA-Economics reports. According to Azeri-Press News Agency, the Chairman of the Central Bank of Azerbaijan (CBA) has noted that … Read more
Brussels: The capacity rate of underground gas storage facilities in the European Union countries has dropped below 49%, APA-Economics reports, citing Gas Infrastructure Europe (GIE). According to Azeri-Press News Agency, the capacity rate of gas storage facilities in the European Union countries stands at 49.02%, which is 8.12 percentage points lower than the average for … Read more
Adana: Adana Demirspor President Bedirhan Durak has announced his resignation, marking a significant event in Turkish football as the team withdrew from their match against Galatasaray. According to Azeri-Press News Agency, the resignation was confirmed through a statement Durak released on social media. The announcement came after a tumultuous night for Adana Demirspor, which saw … Read more
London: Activist hedge fund Elliott Management has built a stake in struggling UK oil major BP, two people with knowledge of the move told Wall Street Journal, APA reports. According to Azeri-Press News Agency, the exact size of Elliott’s stake could not be learned but the $70bn assets under management hedge fund has adjusted its … Read more
Baku: Azerbaijan National Agency for Mine Action (ANAMA) has announced the discovery of 94 landmines and 294 unexploded ordnance (UXOs) in recently liberated territories during the week of February 3 to February 9, 2025. ANAMA conveyed this information to APA, highlighting ongoing efforts to secure these areas. According to Azeri-Press News Agency, ANAMA’s operations led … Read more
Baku: Production of commercial associated gas in Azerbaijan has increased by up to 7%, as reported by APA-Economics citing the State Statistics Committee. Last year, Azerbaijan produced 15,112.09 million cubic meters of associated gas from its oil fields, marking a 0.2% rise compared to the previous year. According to Azeri-Press News Agency, 3,804.91 million cubic … Read more
Baku: Marketable condensate production in Azerbaijan has seen a 2% increase. Last year, 5,292.34 thousand tons of gas condensate were produced in the country, marking a 1.7% rise compared to the previous year, as reported by the State Statistical Committee to APA-Economics. According to Azeri-Press News Agency, 5,284.29 thousand tons of the gas condensate produced … Read more