Baku: Azerbaijan’s Central Bank Chairman, Taleh Kazimov, has announced a downward revision in the country’s economic growth forecasts for the years 2025 and 2026. This adjustment is attributed mainly to a decline in final household consumption. Kazimo…
Baku: A citizen of the Republic of Kazakhstan, Zhanbolat Serikov, born in 1985, has been extradited to the United Arab Emirates. The UAE authorities had declared him internationally wanted on charges of kidnapping, unlawful deprivation of liberty, thr…
Baku: The average price of oil per barrel in 2025 is projected at $68.6, while the price of 1,000 cubic meters of gas is forecasted at $399, the Governor of the Central Bank of Azerbaijan, Taleh Kazimov, said during a press conference on the parameter…
Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has significantly bolstered its gold reserves, now exceeding 181 tons. The increase is part of SOFAZ’s strategic decision to enhance its investment in gold, a move that has seen a substant…
Baku: “The dynamic development of relations between Azerbaijan and Egypt is a source of great satisfaction,” President Ilham Aliyev stated in his congratulatory letter to the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, on the occasi…
Baku: In January-June of this year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received 4,850.6 million manats from the Azeri-Chirag-Gunashli (ACG) oil and gas field block and the Shah Deniz gas and condensate field block.
According to…
Baku: Azerbaijan’s strategic foreign exchange reserves increased by 9.4% to $77.4 billion in the first half of this year, Chairman of the Central Bank of Azerbaijan, Taleh Kazimov said at a press conference held today, APA-Economics reports.
Accor…
Shamkir: Azerbaijani President Ilham Aliyev has authorized significant funding for road repairs in the Shamkir district. Under his recent order, AZN 2 million has been allocated for the major repair of the Dallar Jayir-Dallar Dashbulag and Gadimgala-M…
Ankara: The visit of Azerbaijan’s Minister of Defense, Colonel General Zakir Hasanov, along with senior Ministry leadership, to Turkey is ongoing, as reported by the Ministry of Defense to APA. The visit emphasizes the growing military collaboration b…
