Azerbaijani Prime Minister Visits Iran for Caspian Economic Forum

Tehran: Azerbaijani Prime Minister Ali Asadov embarked on a working visit to the Islamic Republic of Iran. Upon his arrival at Tehran’s Mehrabad Airport, he was received by Iran’s Minister of Roads and Urban Development, Farzaneh Sadegh, alongside other officials, marking the beginning of his diplomatic engagement in the country. According to Azeri-Press News Agency, … Read more

Population Income in Azerbaijan Surged by Over 6%

Baku: Last month, the nominal incomes of the population of Azerbaijan increased by 6.2% compared to January of the previous year, reaching AZN 5,967.8 million, or an average of AZN 583.6 per person, the State Statistical Committee told APA-Economics. According to Azeri-Press News Agency, in January, the disposable income of the population amounted to AZN … Read more

Court Hearings on Criminal Case Against Ruben Vardanyan Underway

Baku: The review session of court hearings on the criminal case against Ruben Vardanyan, an Armenian citizen charged with multiple criminal offenses, continued on February 17. The charges include torture, mercenary activity, violation of the laws and customs of warfare, terrorism, and financing terrorism, among other offenses according to the Criminal Code of the Republic … Read more

Azerbaijani PM Engages with Iran’s First Vice-President in Tehran

Tehran: Prime Minister of the Republic of Azerbaijan Ali Asadov met with First Vice President of the Islamic Republic of Iran Mohammad Reza Aref on February 17, as part of his working visit to Tehran, Cabinet of Ministers told APA. According to Azeri-Press News Agency, the meeting was part of a series of engagements aimed … Read more

S&P Predicts 15% Growth in Azerbaijani Bank Sector’s Credit Portfolio by 2025

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

Hajj Pilgrimage Application Continues Amid Quota Reduction

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

Azerbaijan’s CBA Chairman Highlights Geopolitical Tensions Impact on Economy

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

President Ilham Aliyev Approves Azerbaijan-Trkiye Tourism Cooperation Agreement

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

President Ilham Aliyev Approves Statistical Cooperation Memorandum with Vietnam

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