Oval Useful news from Azerbaijan and Caucasus

Pakistan and Azerbaijan on Thursday agreed to enhance the bilateral investment level of up to $2 billion in areas of mutually beneficial projects. Azernews reports, citing Pakistan Observer, that in a joint press stakeout along with Azerbaijan President Ilham Aliyev after witnessing the signing of agreements and memoranda of understanding in …

Ilham Aliyev, President of the Republic of Azerbaijan, made a phone call to Masoud Pezeshkian, President of the Islamic Republic of Iran, on July 9, Azernews reports. President Ilham Aliyev congratulated Masoud Pezeshkian on his election as the President of the Islamic Republic of Iran, and wished him success in his activities. …

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 …

Director of the Azerbaijan Cultural Center in Turkiye Samir Abbasov has met with the director of Directorate of Culture and Tourism of Konya, Azernews reports. During the meeting, the sides hailed the high-level relations between the two states in all fields and exchanged views on the perspectives of cultural cooperation. Among the …

Azerbaijan is actively restoring and revitalizing its economy in the territories liberated from occupation, particularly in Garabagh, directing all state resources and capacities toward establishing local economies at the most modern standards. This effort is a pivotal focus area under the “Azerbaijan 2030: National Priorities for Socio-Economic Development” program, emphasizing …

Azerbaijan and Iraq have recently agreed to hold the next business forum in Baku. Azernews reports that Azerbaijan’s ambassador to Iraq, Nasir Mammadov, shared this information on X. He mentioned having a meeting with Abdul Razzaq al-Zuheyri, Chairman of the Federation of Iraqi Chambers of Commerce: ‘We discussed the current state …

“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, …