Baku: The State Oil Fund of Azerbaijan (SOFAZ) is planning to increase the share of gold in its investment portfolio to 25% this year, SOFAZ stated in response to APA-Economics’ inquiry. According to Azeri-Press News Agency, the amount of gold purchased during the current year, in line with the Investment Policy, will depend on the … Read more
Moscow: Last week’s phone call between Donald Trump and Vladimir Putin broke a long-standing silence in US-Russia relations. Following his phone call with Russian President Vladimir Putin, Donald Trump also spoke by phone with Ukrainian President Volodymyr Zelensky. The US President’s separate talks with the conflicting parties can be seen as the beginning of negotiations … Read more
Baku: Azer Gasimov has been dismissed from his position as the Presidential Press Secretary of the Republic of Azerbaijan. The President of Azerbaijan signed an official order to remove Gasimov from his role. According to Azeri-Press News Agency, the decision was formally announced, marking a significant change within the presidential administration. Gasimov had served in … Read more
Prague: The President of the Czech Republic, Petr Pavel, has received the credentials of Azerbaijan’s newly appointed ambassador to the country, Yashar Aliyev. Petr Pavel shared this information in a post on the X platform, APA reports. According to Azeri-Press News Agency, Yashar Aliyev presented his credentials to the President of the Czech Republic. Yashar … Read more
Baku: Azerbaijan imported approximately 64,559.5 tons of crude palm oil and its fractions in 2024, worth USD 81 million 932 thousand. According to Azeri-Press News Agency, this marked a significant increase compared to 2023, with a rise of 41.7% or 18,989 tons in volume terms, and an increase of 56.5% or USD 29 million 589 … Read more
Damascus: The Republic of Azerbaijan has resumed the activities of its Embassy in Damascus, the capital of Syria, after a 13-year hiatus, the Ministry of Foreign Affairs of Azerbaijan released information, APA reports. It was stated that, for this purpose, the charg© d’affaires of the Embassy has already been dispatched to Damascus and has commenced … Read more
Baku: Azerbaijan’s foreign trade turnover saw a significant increase of 70.5% in January 2025 compared to the same period the previous year, reaching USD 5 billion 90.8 million. This substantial rise indicates robust economic activity and an expansion in both imports and exports for the country. According to Azeri-Press News Agency, data from the State … Read more
Baku: In January of this year, Azerbaijan exported 1,687,729.6 tons of oil to Italy worth 932,715.48 thousand US dollars, APA-Economics reports citing Azerbaijan’s State Customs Committee. Thus, Italy once again ranked first in Azerbaijan’s total oil exports. According to Azeri-Press News Agency, Germany ranked second in Azerbaijan’s total oil exports. During the reporting period, 409,959.01 … Read more
Baku: In 2024, the population of Azerbaijan increased by 44,119 people, or 0.4%, reaching 10,224,889 as of January 1, 2025. According to Azeri-Press News Agency, the State Statistical Committee noted that 54.4% of the population resides in urban areas, while 45.6% live in rural areas. Additionally, 49.8% of the population are men, and 50.2% are … Read more
