Economy

A new spark of innovation is lighting up Azerbaijan’s economic landscape. Azernews reports that the Economic Zones Development Agency (EZDA) under the Ministry of Economy of the Republic of Azerbaijan has signed a Memorandum of Understanding (MoU) with China’s China Datang Overseas Investment Co. to establish a “Green Energy Industrial Park” in …

An international conference dedicated to the 20th anniversary of the Lithuanian Anti-Doping Agency (LTUNADO) has been held in Vilnius, Lithuania, Azernews reports. Azerbaijan was represented at the event by Dr. Tahmina Taghi-zada, Chief Executive Officer (CEO) of the Azerbaijan National Anti-Doping Agency (AMADA). The conference brought together experts to discuss the development …

As climate change accelerates and global pressure mounts for decarbonization, Azerbaijan’s energy giant SOCAR is taking tangible steps to reduce its greenhouse gas emissions and align with the country’s national sustainability agenda. Through the creation of SOCAR Green – its dedicated renewable energy subsidiary – the State Oil Company of …

The Azerbaijan State Water Resources Agency (ADSEA) and SOCAR Green have signed an Energy Efficiency Agreement and a Letter of Intent to strengthen cooperation in sustainable water and energy management, Azernews reports. The signing ceremony took place during the opening of the 2nd International Water Management Exhibition and Conference – Baku Water …

A hybrid-format meeting of the “Green Energy Space” Working Group, established to coordinate the implementation of the measures outlined in the “Socio-Economic Development Strategy of the Republic of Azerbaijan for 2022–2026”, was held this week, according to the Center for Analysis of Economic Reforms and Communication (CAERC), Azernews reports. The meeting was …

Azerbaijan and the Asian Development Bank (ADB) have discussed ways to further strengthen their partnership across several sectors of the economy, Azernews reports, citing the Ministry of Finance. Azerbaijan’s Minister of Finance, Sahil Babayev, received a delegation led by Ms. Rachel Thompson, the Executive Director representing Azerbaijan on the ADB Board of …

On September 4, the 4th Azerbaijan-Turkiye Energy Forum will take place in İzmir, Turkiye, with the participation of Azerbaijan’s Minister of Energy Parviz Shahbazov and Turkiye’s Minister of Energy and Natural Resources Alparslan Bayraktar. Azernews reports, citing the Ministry of Energy, the forum will focus on key sectors including hydrocarbons and …

The Central Bank of Azerbaijan (CBA) and the Financial Market Regulation and Development Agency (FMRD) of Kazakhstan have held discussions on securities registration and regulation as part of a bilateral working visit aimed at boosting cooperation in the financial sector, Azernews reports. According to the CBA, the visit was organised to expand …

Kazakhstan and Azerbaijan have promising opportunities to collaborate in the field of digitalization, according to Asan Jakishev, Head of the Secretariat of Kazakhstan’s Chamber of Foreign Trade. Azernews reports that he shared this with journalists during the 6th ECO Business Forum, held under the theme “Promoting Investment and Trade as Catalysts …

The Azerbaijani government is gearing up to roll out an action plan after Shusha has been crowned the tourism capital of the Economic Cooperation Organization (ECO) for 2026, Azernews reports. President of the Republic of Azerbaijan, Ilham Aliyev, signed a decree in this regard. The decision was made during the 5th meeting …