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
Baku: The acceptance of applications for the Hajj pilgrimage will proceed until the available quota is filled, as stated by the head of the Foreign Relations Department of the Caucasian Muslims Office (CMO) and the head of the Hajj electronic system, Vusal Jahangiri, in an interview with APA. According to Azeri-Press News Agency, Jahangiri mentioned … Read more
Riyadh: The Chairman of the Central Bank of Azerbaijan, Taleh Kazimov, has announced the main consequences of the current geopolitical situation for Azerbaijan during his speech at the “AlUla Conference for Emerging Market Economies” conference held in Riyadh. According to Azeri-Press News Agency, Taleh Kazimov stated that the geopolitical tensions have led to increased inflation … Read more
Baku: President Ilham Aliyev has signed a Decree approving the “Agreement on cooperation in the field of tourism between the Government of the Republic of Azerbaijan and the Government of the Republic of Trkiye”. According to Azeri-Press News Agency, the Decree is guided by paragraph 17 of Article 109 of the Constitution of the Republic … Read more
Baku: President Ilham Aliyev has given his approval to a memorandum focused on enhancing cooperation in the field of statistics between Azerbaijan and Vietnam. The agreement, titled the ‘Memorandum of Understanding on Cooperation in the Field of Statistics between the State Statistical Committee of the Republic of Azerbaijan and the General Statistics Office of Vietnam,’ … Read more
Brussels: The capacity rate of underground gas storage facilities in the European Union countries has dropped below 45%, APA-Economics reports, citing Gas Infrastructure Europe (GIE). According to Azeri-Press News Agency, the capacity level of storage facilities in EU countries is currently at 44.61%, which marks a significant decrease of 9.23 percentage points compared to the … Read more
Riyadh: “We are observing an increasing interest in digital assets, including cryptocurrencies, in Azerbaijan,” said the Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, during his speech at the Al-Ula conference for Emerging Market Economies held in Riyadh. According to Azeri-Press News Agency, Kazimov highlighted that this trend has prompted Azerbaijan to accelerate … Read more
Baku: The Minister of Emergency Situations of the Republic of Azerbaijan, Colonel-General Kamaladdin Heydarov, met with the Ambassador Extraordinary and Plenipotentiary of Tajikistan to Azerbaijan, Ilkhom Abdurakhmon, the Ministry told APA. According to Azeri-Press News Agency, Minister Kamaladdin Heydarov welcomed the ambassador and emphasized the brotherhood and friendship that characterize the relations between Azerbaijan and … Read more
Baku: The procedure for acquiring civilian weapons in Azerbaijan is undergoing a digital transformation, as reported by APA. This change was solidified with the recent amendments to the Law on Service and Civilian Weapons, which were approved by President Ilham Aliyev. According to Azeri-Press News Agency, under the new law, Azerbaijani citizens who wish to … Read more
