Oval Useful news from Azerbaijan and Caucasus

OPEC kept crude production steady in April, ahead of a planned revival of supplies scheduled to begin this month, according to Bloomberg. The Organization of Petroleum Exporting Countries pumped an average of 25.27 million barrels a day last month, about 50,000 a day less than in March, according to a …

Azerbaijan practically saved Georgia during the second wave of COVID-19, the UN Secretary General’s Advisor on Health Issues Giorgi Pkhakadze said, Trend reports via Georgian media. If it were not for the medical oxygen provided by the neighboring country, there would have been more casualties in Georgia, he said. “Now …

Heydar Aliyev Foundation has arranged an Iftar party in Russia on the occasion of Ramadan. The Iftar party in the Ramadan Tent was held by the Spiritual Administration of Muslims of Moscow at the Poklonnaya Gora on the initiative of Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva. The Ramadan Tent is an …

Azerbaijani Defence Minister Zakir Hasanov and Turkish Defence Industry Executive Committee Chairman Ismail Demir have discussed bilateral military cooperation, the Azerbaijani Defence Ministry has reported. Welcoming the management of the Turkish Defence Industry Executive Committee, STM, ROKETSAN, HAVELSAN companies, and ASELSAN-Baku office, Hasanov noted developing bilateral military and military-technical cooperation between the …

Leyla Aliyeva, Vice President of the Heydar Aliyev Foundation, founder and head of the IDEA Public Union, has visited the Gizilaghaj National Park in south of Azerbaijan. After getting acquainted with the park’s rich fauna and flora, Leyla Aliyeva and the Ecology Minister Mukhtar Babayev discussed prospects for future development of specially protected natural areas, including coastal and …

Fitch Ratings has upgraded Open Joint-Stock Company International Bank of Azerbaijan’s (IBA) LongTerm Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and Viability Rating (VR) to ‘b’ from ‘b-‘, Trend reports on April 30 referring to Fitch Ratings. “The Outlook is Positive,” the message said. “The upgrades reflect a moderation …

Russia and Azerbaijan are progressively strengthening the juridical base of bilateral relations and consistently implementing the action plan for the development of key spheres of the Russian-Azerbaijani cooperation until 2024, Deputy Prime Minister of the Russian Federation Alexei Overchuk said. Overchuk made the remark at a meeting of the Intergovernmental …