Baku: A serious road accident took place in the Sabunchu district of Baku, APA reports. It was reported that a Mercedes-Benz branded car collided with Renault and Changan vehicles. According to Azeri-Press News Agency, the Management Union of Medical Territorial Units (TABIB) stated that an emergency medical team was dispatched to the scene. The emergency … Read more
New York: The price of natural gas futures quotes on the New York NYMEX Commodity Exchange has decreased, APA-Economics reports. The price of natural gas futures for March delivery fell by 2.44%, reaching 3.634 US dollars per 1 million BTU (British thermal unit). According to Azeri-Press News Agency, this downturn in natural gas prices reflects … Read more
New York: The price of April futures per one troy ounce of gold on the COMEX commodity exchange of New York increased by 0.38% and amounted to USD 2,911.7. According to Azeri-Press News Agency, the price of March silver futures on COMEX also decreased by 0.15%, amounting to $32.81 per ounce.
Baku: On February 17, Bitcoin experienced a depreciation on cryptocurrency exchanges, as reported by APA-Economics. The prominent cryptocurrency was traded at $96,153 on the “CoinMarketCap” platform at 09:14 Baku time, reflecting a 1.38% decrease. According to Azeri-Press News Agency, the decline was not limited to Bitcoin. Ethereum also saw its value decrease by 1.39%, bringing … Read more
Riga: The Baltic States (Lithuania, Latvia, and Estonia) have officially disconnected from the Russia-led BRELL (Belarus, Russia, Estonia, Latvia, Lithuania) power grid and successfully integrated into the European network. This significant shift marks the end of their reliance on Russian energy as they join the Continental European synchronous zone through the Lithuania-Poland power transmission line, … Read more
Baku: The Central Bank of Azerbaijan has released the latest exchange rates, providing insights into the value of various currencies against the Azerbaijani manat. According to Azeri-Press News Agency, as of February 17, 2025, the exchange rate for the US dollar remains unchanged at AZN 1.7000. The Turkish lira is valued at AZN 0.0470. The … Read more
Baku: In a significant development for Azerbaijan’s economy, the country exported 1,200 kg of sturgeon caviar in 2024, generating revenues of USD 1,242,500, APA-Economics reports. According to Azeri-Press News Agency, calculations based on the State Statistics Committee’s report, this marks an 85% increase in the volume of exported caviar compared to the same period last … Read more
Baku: The international rating agency S and P Global Ratings has revised its economic growth forecast for Azerbaijan, projecting a more optimistic outlook for 2026, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, S and P Global Ratings has maintained its forecast for Azerbaijan’s real GDP growth at 2% for 2025 but … Read more
Baku: S and P Global Ratings international rating agency has forecasted that the credit portfolio of banks in Azerbaijan will increase by approximately 15% in 2025, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, it was noted that credit growth in Azerbaijan is correlated with oil prices. Credits increased by 18% in … Read more
