Economy

Aleph, a global network of digital experts and technology-driven solutions, has announced its expansion to the Azerbaijan market by opening a local representation office in Baku (Azerbaijan). This enables an even closer connection between advertisers from Azerbaijan, global brands and the Azerbaijani audience. Aleph is the sales representantive of leading …

Chinese companies have expressed their significant interest in engaging with Azerbaijan’s renewable energy sector, driven by the country’s untapped potential in green energy. Einar Tangen, a senior researcher at the China Globalisation Centre, highlighted that the collaboration could encompass various areas, including the development of green energy corridors, energy storage systems, …

Pakistan and Azerbaijan are advancing their economic and trade relations, focusing on expanding bilateral and multilateral cooperation across various sectors. During a recent meeting at the residence of Pakistan’s Deputy Chairman of the Senate, Syedaal Khan, Azerbaijani Ambassador Khazar Farhadov and Khan discussed strategies to strengthen economic ties and address …

Cooperation on the transportation of Azerbaijani gas through Serbia is set to expand, with activities expected to begin in the coming months. Vitaly Baylarbeyov, Deputy Vice President of the State Oil Company of Azerbaijan (SOCAR), made this announcement during the 8th meeting of the Intergovernmental Commission on Trade and Economic …

During a briefing on the outcomes of the 8th meeting of the Intergovernmental Commission between Azerbaijan and Serbia, Minister of Labor and Social Protection of the Population Sahil Babayev emphasized Azerbaijan’s focus on green energy, Azernews reports. He highlighted that Azerbaijan possesses a green energy potential exceeding 150 GW and aims to …

President of the Republic of Azerbaijan Ilham Aliyev participated in a roundtable on “Energy and Connectivity” as part of the 4th summit of the European Political Community in Oxford, Azernews reports.. The head of state addressed the event. Remarks by President Ilham Aliyev The strategic partnership was defined in Baku in the …

Within the framework of the visit of the Azerbaijani delegation to Italy, discussions will be continued in the direction of realization of mutually beneficial opportunities. Azernews reports that Economy Minister Mikayil Jabbarov said this in his account on the “X” social network. He noted that he had a meeting with …

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 …

“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, …

In the first quarter of this year, “SOCAR Ukraine,” a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR) in Ukraine, was the leading company in terms of tax payments from fuel sales, Azernews reports, citing “Unian”. This was revealed in a study conducted by specialists from the Ukrainian …