Fitch: Key Financial Metrics of Azerbaijani Banks to Remain Stable This Year

Baku: Our outlook for the Azerbaijani banking sector remains neutral, meaning we expect key financial metrics to remain stable this year, Maksim Maliutin, Deputy Director for CIS+ and Middle East Banks at the international rating agency Fitch Ratings told APA-Economics. According to Azeri-Press News Agency, Maliutin highlighted that this improvement was confirmed in October 2024 … Read more

Trkiye’s Top Exports to Azerbaijan Revealed

Ankara: Last month, Trkiye exported products worth USD 159 million 502 thousand to Azerbaijan, APA-Economics reports citing the Turkish Exporters Assembly. According to Azeri-Press News Agency, this figure represents a 48.2% decrease compared to December 2024, but a 9.1% increase compared to January. Among the products exported from Trkiye to Azerbaijan, chemicals and chemical products … Read more

Azerbaijani Servicemen Return After Successful Completion of Winter Exercise-2025 in Kars

Kars: Servicemen of the Combined Arms Army have successfully represented Azerbaijan at the Winter Exercise-2025 held in Kars, Trkiye, and have returned to their homeland. On this occasion, a solemn ceremony was organized by the Combined Arms Army to honor their achievements. According to Azeri-Press News Agency, the ceremony featured remarks from the Commander of … Read more

Signs on “Russian House” Building in Baku Being Removed – VIDEO

Baku: The signs on the building of the “Russian House” in Baku are being removed, APA reports. The part of the center’s name written in Russian has been taken down from the “Russian House” building. According to Azeri-Press News Agency, Azerbaijan has sent a note to Russia regarding the termination of the “Russian House’s” activities. … Read more

BP’s Net Profit Plummets as Revenues Decrease Sharply

London: Last year, the net profit of the British company BP experienced a significant decline, dropping from $15.239 billion in 2023 to $381 million. BP ended the fourth quarter of last year with a net loss. According to Azeri-Press News Agency, the company’s official report on its full-year 2024 and Q4 2023 financial results revealed … Read more

Shamshad Aghayev Appointed as New Head of Meydan TV Amid Legal Turmoil

Baku: New developments have emerged in the ongoing “Meydan TV” case with the appointment of Shamshad Aghayev as the new head of the Azerbaijani office. After the arrest of Aynur Ganbarova, the former head of the office, and six other employees, the main office in Germany has entrusted Shamshad Aghayev with the responsibility of managing … Read more

Baku’s “Russian House” Takes Steps to Cease Operations

Baku: The “Russian House” in Baku is taking steps to cease its operations, the “Russian House” issued a statement regarding this matter, APA reports. The statement says that, in connection with the demand of the Ministry of Foreign Affairs of the Republic of Azerbaijan, the representation of “Rossotrudnichestvo” – the “Russian House” in Baku – … Read more

Azerbaijan Lacks Clinical Protocols for Plastic Surgery and Ophthalmology

Baku: A clinical protocol is a regularly updated document consisting of recommendations based on evidence-based medicine principles for medical services in case of any disease, syndrome, or clinical situation. According to Azeri-Press News Agency, as medical science advances, new information regarding the diagnosis and treatment of diseases emerges, leading to the updating of clinical protocols, … Read more

Fitch: Azerbaijani Banks Hold Stable Position Among Banks in Caucasus Region

Baku: Azerbaijani banks hold a stable position among the banks in the South Caucasus region, according to Maxim Maliutin, Deputy Director for CIS+ and Middle Eastern Banks at Fitch Ratings. In an interview with APA-Economics, Maliutin highlighted the factors contributing to the stability of the Azerbaijani banking sector. According to Azeri-Press News Agency, Maliutin noted … Read more