Economy

On December 15, the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan announced a joint initiative to reduce methane emissions in Azerbaijan. The collaboration is part of the Advancing Global Methane Reduction (AGMR) initiative, which is part of the Methane Guiding Principles (MGP), Azernews reports. The initiative focuses on instigating methane …

The European Bank for Reconstruction and Development (EBRD) is ready to support Azerbaijan in organizing COP29, Azernews reports, citing EBRD’s First Vice President Jürgen Rigterink telling at the meeting with Azerbaijan’s Economy Minister Mikayil Jabbarov in the United Kingdom. The minister expressed his gratitude to the EBRD for its longstanding and continuous …

Due to the sanctions, there is a shortage of chicken eggs in the Russian market. In order to overcome this and stabilize the market prices of eggs, Russia intends to import eggs from abroad. Azerbaijan is among the countries whence eggs will be imported. The export of eggs to Russia …

As a result of meetings held by the Food Safety Agency of Azerbaijan (AFSA) with the Ministry of Agriculture and Rural Affairs of China, authorization was obtained to export poultry meat and other poultry products to that region, Azernews reports. Within the framework of the Agency’s cooperation with the relevant agency of …

On December 11, 2023, the President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovshan Najaf met with the delegation of Mizuho Financial Group, one of the largest bank holdings in Japan, Azernews reports. At the meeting, satisfaction was expressed with the long-term effective activities of Japanese companies in Azerbaijan, …

Azerbaijani Economy Minister Mikail Jabbarov received representatives of China Energy International Group Co., which has advanced experience in the field of green energy, Azernews reports. The meeting discussed cooperation to accelerate the transition to green energy in Azerbaijan. At the meeting, information was presented on the development of Azerbaijan’s energy sector in …

At the Iraq-Azerbaijan business forum, economic and trade relations between the two countries, prospects for cooperation and expansion of relations between business circles, and opportunities for mutual investment were discussed, and an agreement was reached on the establishment of the Azerbaijan-Iraq Business Council, Azernews reports. The 1st Iraqi-Azerbaijani business forum was held …

In the grand tapestry of geopolitics and economic transformations, Azerbaijan stands as a vivid and compelling character, its narrative woven with the intricate threads of strategic prowess and bold economic shifts. The country, much like a protagonist in an epic tale, finds itself at the crossroads of Eastern Europe and …

Being one of the main factors affecting surroundings, humankind has tried to adapt the environment according to its needs throughout history. Even in pre-historic times, as humankind spread from Africa to other continents, many local animals and even plants started to go extinct in places where humankind stepped upon them. …

The Baku-Tbilisi-Kars railway line is planned to be put into full operation next year, Azernews reports, citing Georgian Vice Prime Minister, Economy, and Sustainable Development Minister Levan Davitashvili. He emphasised that the Trans-Caspian Transport Corridor is an integral part of the Trans-Caspian Transport Corridor and that effective cooperation is being carried out …