Tag Archives: Azerbaijan

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 …

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 …

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 …

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 …

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 …

Hikmet Hajiyev, Assistant to the President of Azerbaijan and Head of Foreign Policy Affairs at the Presidential Administration, responded sharply to a statement by the Secretary of the Armenian Security Council, describing it as an attempt to deflect accountability and whitewash Armenia’s leadership for their recent defeats, Azernews reports. “The claim by …

A parliamentary session will be held in Azerbaijan within the framework of COP29, the local MP Kamal Jafarov said during a scientific-practical conference themed “The role of educational and law enforcement activities in strengthening the environment” held in Khankendi city today, Azernews reports. According to him, attention to climate change is one …

A concert titled “A Clean Environment is a Joy for Everyone” was held at St. Michael’s Church (Mikaelikyrkan) in Stockholm, organized by the SAF Sweden-Azerbaijan Association with the support of the Skarholmen Municipality Administration, Azernews reports. The chair of the association, Sevda Dadashova, delivered a welcome speech discussing the global impacts of …

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 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 …