Economy

The next meeting of the Working Group, established by the Antimonopoly and Consumer Market Control State Service under the Ministry of Economy, was held to discuss the implementation of the tasks outlined in the Action Plan for the “State Programme for the Adaptation of the National Standardisation System to International …

The State Oil Company of Azerbaijan (SOCAR) is spearheading its energy transition strategy through proactive discussions with Yokogawa Europe B.V. SOCAR President Rovshan Najaf and Yokogawa Europe B.V. President Seita Hagihara have actively pursued opportunities for deeper cooperation in decarbonization and sustainable energy. Azerbaijan is dedicated to aligning its energy …

A high-level meeting of the Coordination Council of the heads of tax services from Commonwealth of Independent States (CIS) member states took place in Bishkek, Kyrgyzstan, with Azerbaijan actively participating, Azernews reports. The event brought together top officials from the tax authorities of Azerbaijan, Uzbekistan, Kazakhstan, Kyrgyzstan, Russia, Belarus, Tajikistan, and Armenia. …

Issues of international legal cooperation between Azerbaijan and the Organisation of Islamic Cooperation (OIC) have been discussed, Azernews reports. These discussions took place during an exchange of views at the Constitutional Court of Azerbaijan on October 3, during a meeting with a delegation led by Professor Nura Zaid Alrshoud, Executive Director of …

At the conference “Progress on Methane: Advancing Global Methane Reduction” during Baku Climate Action Week, Bakhtiyar Aslanbayli, bp’s Vice President for the Caspian Region, highlighted the collaborative efforts between bp and SOCAR on methane emissions technology and reporting, Azernews reports. He explained that since 2024, BP has been actively employing new sensors …

The Central Election Commission (CEC) of Georgia will establish three polling stations in Azerbaijan for the parliamentary elections scheduled for October 26, Azernews reports. All three polling stations will be located in the N.Narimanov district of Baku (13/15 Yashar Huseynov Street). It is worth noting that the highest number of polling stations …

In 2023, the “Azerigas” Production Union of the State Oil Company of Azerbaijan (SOCAR) constructed gas pipelines in 24 settlements across territories liberated from occupation, Azernews reports, citing the company. As part of the “State Program on the Great Return to the Territories Freed from Occupation of the Republic of Azerbaijan,” gas …

Deputy Economy Minister of Azerbaijan, Anar Akhundov, discussed energy cooperation issues with his Slovakian counterpart, Kamil Shashko, Azernews reports, citing a post shared by the Slovak embassy in Azerbaijan on “X.” “We are satisfied with the results of the bilateral consultations between the deputy ministers,” the embassy stated. It should be noted …

In line with President Ilham Aliyev’s strategy to expand “green energy” sources and increase the share of renewable energy in the energy system to 30 percent by 2030, “AzerEnergy” has begun implementing a comprehensive action plan, Azernews reports, citing “AzerEnergy.” By 2028, the plan aims to increase the capacity of solar and …

Romania is actively supporting Azerbaijan and Kazakhstan in their efforts to enhance the energy security of the European Union (EU), according to Ana Cristina Tinca, State Secretary of Romania’s Ministry of Foreign Affairs. In a recent interview with Trend, as cited by Azernews, Tinca highlighted Romania’s commitment to strengthening ties between …