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
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
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
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
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
