In the first half of this year, 32 entrepreneurs and managers participated in an advanced training course in Germany as part of the “Business Cooperation with Germany” program to gain international experience, Azernews reports, citing the Small and Medium Business Development Agency (SMBD) under the Ministry of Economy. It was reported that …

Pakistan and Azerbaijan on Thursday agreed to enhance the bilateral investment level of up to $2 billion in areas of mutually beneficial projects. Azernews reports, citing Pakistan Observer, that in a joint press stakeout along with Azerbaijan President Ilham Aliyev after witnessing the signing of agreements and memoranda of understanding in …

Ilham Aliyev, President of the Republic of Azerbaijan, made a phone call to Masoud Pezeshkian, President of the Islamic Republic of Iran, on July 9, Azernews reports. President Ilham Aliyev congratulated Masoud Pezeshkian on his election as the President of the Islamic Republic of Iran, and wished him success in his activities. …

The forecasted cash generation of the State Oil Company of Azerbaijan (SOCAR) of around 2 billion manats ($1.176 billion) over 2024-25 should be sufficient to cover estimated debt maturities of 9.3 billion manats ($5.47 billion) over this period, according to the rating action of the Moody’s international rating agency, according …

Director of the Azerbaijan Cultural Center in Turkiye Samir Abbasov has met with the director of Directorate of Culture and Tourism of Konya, Azernews reports. During the meeting, the sides hailed the high-level relations between the two states in all fields and exchanged views on the perspectives of cultural cooperation. Among the …

Azerbaijan is actively restoring and revitalizing its economy in the territories liberated from occupation, particularly in Garabagh, directing all state resources and capacities toward establishing local economies at the most modern standards. This effort is a pivotal focus area under the “Azerbaijan 2030: National Priorities for Socio-Economic Development” program, emphasizing …

Azerbaijan and Iraq have recently agreed to hold the next business forum in Baku. Azernews reports that Azerbaijan’s ambassador to Iraq, Nasir Mammadov, shared this information on X. He mentioned having a meeting with Abdul Razzaq al-Zuheyri, Chairman of the Federation of Iraqi Chambers of Commerce: ‘We discussed the current state …

“China resolutely supports the peace agenda proposed by Azerbaijan and considers counterproductive geopolitical intrigues aimed at maintaining confrontation,” said the “Joint Declaration of the Republic of Azerbaijan and the People’s Republic of China on the establishment of a strategic partnership adopted on July 3 in Astana. According to the document, …

Azerbaijan’s Goygol district gets ready for Nomadic Culture Festival scheduled for July 5-7, Azernews reports. The event is co-organized by Javad Khan History and Culture Foundation and Kap.az – Different Tourism LLC, State Tourism Agency, Ministry of Youth and Sports, Turkish Cooperation and Coordination Agency (TIKA), World Ethsport Confederation with the support …

President of the Republic of Azerbaijan Ilham Aliyev held a meeting with President of the Republic of Kazakhstan Kassym-Jomart Tokayev in Astana, Azernews reports. Speaking at the meeting, President of Kazakhstan Kassym-Jomart Tokayev said: – Dear Ilham Heydarovich, I sincerely welcome you to Astana. I am delighted to see you. I always …