Economy

Azerbaijan and China have discussed advancing cooperative relations in renewable energy, as Minister of Energy Parviz Shahbazov met with representatives of two major Chinese companies, “TBEA Co., Ltd” and “PowerChina International Group,” during his visit to China, Azernews reports. During the meeting with Zhang Xin, Chairman of the Board of Directors at …

The State Oil Company of Azerbaijan (SOCAR) has announced plans for development in the Garabagh and Eastern Zangazur economic regions, Azernews reports, citing the SOCAR’s 2023 Sustainable Development Report. SOCAR stated that it is ready to develop Garabagh and Eastern Zangazur as carbon-neutral zones, and outlined the following measures to achieve this: …

In preparation for the COP29 global climate conference, which will be held in Baku from November 11-22, the COP29 Azerbaijan Operating Company, in collaboration with the State Tourism Agency and the Azerbaijan Hotel Association, is working to enhance sustainability competencies. Hotel employees across the country are participating in relevant training, Azernews reports, …

Director of the International Mugham Center, Honored Artist, tar player Sahib Pashazade, and the center’s soloist, Honored Artist, drummer Kamran Karimov have successfully represented Azerbaijan at the first-ever World Culture Festival held in Karachi, Pakistan, Azernews reports citing Azertag. The festival, organized by the “Art Council Pakistan”, will continue until October 30 and …

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 …