Market

London: The International Energy Agency (IEA) has significantly revised its forecast for global oil production growth in 2026, lowering its expectations by more than half. The agency’s recent report indicates a substantial adjustment in the predicted …

Baku: “Approximately half of the growth in economic activity is related to the formalization of the economy,” said Orkhan Nazarli, the Head of the State Tax Service, during his speech at the forum titled ‘A Look into the Future of the Tax System: A Ne…

Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has seen a decrease on global markets, as reported by APA-Economics. The oil’s price fell by $3.87, representing a 4.49% drop, bringing it down to $82.29 per barrel.

According to Azeri-Pres…

Baku: A meeting was held between Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, and a member of the UK Parliament, the Minister for Aviation, Maritime and Decarbonisation, Keir Mather, the ministry told APA-Economics. Duri…

Baku: The share of tax revenues from the non-oil sector has seen a significant increase, rising by 2.2 percentage points over a span of seven years. This growth was highlighted by Minister of Economy Mikayil Jabbarov during his address at the forum ti…

London: Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, recently engaged in discussions with representatives from the UK-based global technology company Entrust. The meeting focused on enhancing Azerbaijan’s digital infrast…

New york: Futures prices for gold and silver have seen an uptick on commodity markets. According to APA-Economics, which cites exchange data, the futures price for one troy ounce (31.1 grams) of gold has risen.

According to Azeri-Press News Agency, …

Baku: The current pace of economic growth does not correspond to Azerbaijan’s potential and these indicators do not satisfy us, Economy Minister Mikayil Jabbarov said during his speech at the forum titled ‘A Look into the Future of the Tax System: A N…

Baku: Today, the next batch of petroleum products was dispatched from Baku to Armenia, APA reports. This shipment includes 1,984 tons of diesel fuel transported in 31 wagons.

According to Azeri-Press News Agency, the dispatch also comprises two wag…