Baku: Azerbaijan’s state budget has recorded significant allocations in the first half of 2026, with defense and national security spending exceeding 3.4 billion manats. During the January-June period, financing from the state budget was provided in f…
Baku: The 2026 Shanghai Cooperation Organization (SCO) Media and Think Tank Summit, marking the organization’s 25th anniversary, concluded on Monday in Bishkek. The event brought together nearly 250 representatives from 26 countries, including heads o…
Baku: Azerbaijan’s domestic public debt has decreased by 7% as of July 1, 2026, with the debt standing at AZN 15.982 billion. This information was provided by the Ministry of Finance, APA-Economics reports.
According to Azeri-Press News Agency, the…
Baku: Moody’s has reaffirmed SOCAR’s Baa3 long-term issuer rating with a stable outlook, confirming the company’s investment-grade credit profile maintained since its initial upgrade last year.
According to Azerbaijan State News Agency, the decision…
Baku: Colombia’s President-elect Abelardo de la Espriella has announced plans to close at least 15 embassies, including the Colombian Embassy in Baku, Azerbaijan, as part of an initiative to reduce government spending. This announcement was made durin…
Baku: During the first six months of this year, state budget revenues amounted to 19.1792 billion manats, exceeding the forecast of 18.8289 billion manats by 350.3 million manats, or 1.9%, APA-Economics reports, citing the Ministry of Finance. This re…
Baku: During the January-June period of this year, non-oil and gas sector revenues accounted for 57.3% of total state budget revenues-5.4 percentage points higher than in the corresponding period of 2025-amounting to 10.981 billion manats.
According…
Baku: A total of AZN 144.5 million was allocated from Azerbaijan’s reserve funds during the first six months of 2026 to finance certain expenditures, the Ministry of Finance said, APA-Economics reports.
According to Azeri-Press News Agency, AZN 23.5…
Baku: Azerbaijan has allocated more than 1 billion manats for the reconstruction and restoration of its liberated territories during the first half of 2026. The Ministry of Finance reports that 1.0641 billion manats, accounting for 30.4% of the annual…
