Economy

bp has announced four new appointments to its business leadership team in the Azerbaijan, Georgia, and Türkiye (AGT) regions, Azernews reports. “These changes are part of bp’s continual commitment to safe and reliable operations in the region, as well as to the development of its national staff and workforce involved in its …

The Western Azerbaijan Society expresses regret over the biased views expressed by Volker Türk, the UN High Commissioner for Human Rights, regarding the events that occurred in September 2023, Azernews reports. The Western Azerbaijan Society criticizes Volker Türk for adopting double standards on human rights issues, neglecting the issue of the return …

bp has started to use cutting-edge drone technology to carry out tank inspections on its assets in the Caspian Sea, Azernews reports. For the first time, the company has utilised the Elios 3 drone to conduct an empty tank inspection on the Shah Deniz Alpha platform. This is a groundbreaking move towards …

Hosting one of the largest UN events, the 29th session of the Conference of the Parties to the Framework Convention on Climate Change marks a significant achievement for Azerbaijan. This success stands as a cornerstone in Azerbaijan’s foreign policy, rivalled only by its leadership in the Non-Aligned Movement and membership …

President Ilham Aliyev’s visit to Egypt strengthened the foundations for mutual relations and cooperation between Baku and Cairo, which aims at covering almost all business spheres. It is necessary to remind that the meeting of the Joint Intergovernmental Commission on economic, technical, and scientific cooperation between Azerbaijan and Egypt took …

Ulrich Lenarts, Deputy Director for Environment, Climate Policy, and Cooperation at the Belgian Federal State Service for Foreign Affairs, Foreign Trade, and Development, addressed ADA University during the “Opportunities and Challenges for Climate Action: European and Regional Perspective” event, Azernews reports. He commended Azerbaijan’s COP29 team for their earnest commitment to combating …

The Director of the State Agency for Vocational Education, Jeyhun Karamov, has announced plans to introduce new specialties in the field of alternative energy as part of the “Year of Solidarity for the Green World” initiative, Azernews reports. Starting in the 2024-2025 academic year, the agency intends to offer courses in solar …

The conference “Raising Ambition, Enabling Action: COP29 Sustainable Business Forum” has commenced in Baku on May 17, Azernews reports. Alessandra Roccasalvoya, Acting Resident Representative of the United Nations Development Program (UNDP) in Azerbaijan, emphasised, “Participants of COP29 in Baku will engage in discussions and take actions to ensure a sustainable future for …

Trade relations between Azerbaijan and China have seen significant growth in recent years, reflecting the strengthening economic ties between the two countries. The first quarter of 2024 witnessed a substantial increase in trade turnover, Azernews reports, citing the State Customs Committee. During this period, the trade turnover between Azerbaijan and China reached …

In the framework of the III Tashkent International Investment Forum, contracts worth a total of 26.6 billion US dollars were signed, Azernews reports, citing the Ministry of Investment, Industry, and Trade of Uzbekistan. “It is worth noting that during the Tashkent International Investment Forum in 2022, contracts worth 11 billion US dollars …