Baku: Electricity generation in Azerbaijan has seen a significant increase, particularly from hydropower plants. This was reported by the Minister of Energy of the Republic of Azerbaijan, Parviz Shahbazov, in a recent post on the X platform, as cited …
Baku: Azerbaijan has announced an increase in projected education spending for the upcoming years, as outlined in the draft state budget’s functional classification for 2026 and the three years following.
According to Azeri-Press News Agency, the …
Baku: Most Asian stocks rose on Tuesday amid persistent hopes that U.S. President Donald Trump will grant more exemptions from his trade tariff plans, although gains were capped by uncertainty over more levies and a brewing trade war.
According to …
Baku: In the first quarter of this year, Azerbaijan’s electricity, gas, and steam production, distribution, and supply sector produced goods and services valued at 1,018.5 million manats, marking a 1.2% year-on-year increase.
According to Azeri-Pre…
Baku: First Vice-President of the Republic of Azerbaijan Mehriban Aliyeva and Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva visited Nursery No.1 in Nasimi district and Orphanage No. 1 in Nizami district of Baku.
According to Azeri-Pre…
Baku: Ministry of Economy, exchange rate of manat against US dollar will remain stable in 2026-2029, at the level of current year, APA-Economics reports citing Ministry of Finance.
According to Azeri-Press News Agency, It is also noted that during t…
Baku: Azerbaijan has announced its budget forecast for the average annual export price of oil for the upcoming year, setting it at USD 65 per barrel. This forecast is part of a broader economic plan outlined by the Ministry of Economy of the Republic …
Baku: In 2026, the revenues of Azerbaijan’s consolidated budget are forecasted to reach AZN 44.8862 billion, which is AZN 935.6 million or 2.1% more than the approved figure for 2025. By the end of the medium-term period, the revenues are expected to …
Baku: Azerbaijan forecasts a 3.2% economic growth rate in 2025, APA reports, citing the Ministry of Finance. Economic growth is expected to reach 3.6% in 2027-2028 and 4.1% in 2029.
According to Azeri-Press News Agency, in the medium term, real GDP …