Market

Baku: Chinese companies are expanding cooperation with Azerbaijan in energy, manufacturing and within the framework of the Belt and Road Initiative, China’s Ambassador to Azerbaijan, Lu Mei, stated during a briefing held at the embassy, APA reports.
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Baku: In January 2026, the average monthly nominal wage of salaried employees in Azerbaijan amounted to 1,103.8 manats, APA-Economics reports, citing the State Statistical Committee. This marks a 3.8% increase compared to the corresponding period of t…

London: During trading on the ICE London Intercontinental Exchange, the price of the May 2026 contract for the export of Brent crude oil increased by 0.02% to $100.48 per barrel.

According to Azeri-Press News Agency, the price of WTI crude oil for A…

Baku: The Middle Corridor is becoming a key trade route between Asia and Europe, said Djoomart Otorbaev, former Prime Minister of Kyrgyzstan, during his speech at the panel discussion titled ‘The Middle Corridor and the Eurasian Connectivity Gateway’ …

Baku: One of the most important outcomes of the Washington Summit was the laying of the foundation for the Zangezur corridor, stated Prime Minister Ali Asadov during the presentation of the ‘Report on the activities of the Cabinet of Ministers of the …

Baku: Baku Steel Company CJSC (BSC), the leading metallurgical enterprise in the South Caucasus, continues to strengthen its position in international markets. Despite rising protectionist measures in the global steel industry, the company successfull…

Baku: A total of 507 applications have been received from companies in 39 countries regarding projects in Azerbaijan’s liberated territories, APA reports. This was reflected in the ‘Report on the activities of the Cabinet of Ministers of the Republic …

Baku: Azerbaijan plays an important role in strengthening connections between North and South, as well as East and West, due to its geographical position, Assistant to the President of Azerbaijan and Head of the Economic Affairs and Innovative Develop…

Baku: Funds amounting to 32.3 billion manats were received into SOCAR’s currency and settlement accounts last year, APA-Economics reports. This substantial financial influx was outlined in the ‘Report on the activities of the Cabinet of Ministers of t…