Business & Economics
US Chip Giant Intel Downsizing In Israel Amid Mass Layoffs, Falling Revenue
Once Israel’s top exporter, Intel now freezes expansion and cuts thousands of jobs US chip giant Intel has launched a major downsizing campaign in Israel, slashing jobs and scaling back operations at its flagship manufacturing site in the southern city
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International Summit in Khankendi: Geopolitical Win for Azerbaijan
By Mushvig Mammadli, Member of the Parliament of Azerbaijan. Azerbaijan is preparing to host a historic event—the upcoming summit of the Economic Cooperation Organization (ECO) in the city of Khankendi. This summit carries not only symbolic weight but also strategic value,
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Azerbaijan’s Azerenerji Launches Largest Thermal Power Plant in AZERBAIJAN at 1880 MW
OJSC Azerenerji has commissioned a new thermal power plant “November 8” with a capacity of 1,880 MW in Mingachevir in the central part of the country on Tuesday, the press service of Azerbaijani President Ilham Aliyev, who took part in
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Baku Energy Week Brought Together Global Energy Leaders
On June 4, one of the region’s most prominent energy event – Baku Energy Week – successfully concluded at the Baku Expo Center. This comprehensive energy platform unites three prestigious events: the 30th Anniversary Caspian Oil and Gas Exhibition, the 13th
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Central Bank of Azerbaijan’s Income from Foreign Reserve Management Grows 5% to $491.6 mln in 2024
The Central Bank of Azerbaijan (CBA) earned $491.6 million in income from managing its foreign exchange reserves in 2024, setting a record high, the CBA told Interfax. As reported, the CBA’s income from foreign reserve management in 2023 stood at
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The 30th Anniversary Baku Energy Week Will Take Place From 2–4 June
The 30th Anniversary Baku Energy Week will take place from 2–4 June, bringing together global energy leaders for what has become the region’s premier industry event. Over the years, Baku Energy Week has established itself as a reliable energy platform
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Ilham Aliyev Inaugurated Ashagi Malibeyli and Mirik Hydroelectric Plants in Lachin
President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration ceremony of the Ashagi Malibeyli and Mirik hydroelectric power plants (HPPs), operated by AzerEnerji Open Joint-Stock Company (OJSC), in Lachin on May 27. Baba Rzayev, Chairman of AzerEnerji OJSC,
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Tirana Discussing Possible Cooperation in Oil Production, Refining with SOCAR – Albanian Energy Ministry
Albania is negotiating with the State Oil Company of the Azerbaijani Republic (SOCAR) on cooperation in oil production and refining, Albanian Deputy Infrastructure and Energy Minister Ceno Klosi said. “The gas infrastructure development of Korca is our first project [implemented
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China Begins Adjustment of Tariffs on Imports From US
Beijing removes tariffs on US products after both countries agreed on initial 90-day tariff relief following Geneva talks China on Wednesday began the procedure to adjust tariffs on imported US products following the two countries’ agreement on initial 90-day tariff
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Expanding The Geography of Inbound Tourism Towards the East
By Samir Dubendi, Executive Director, AzETA. Azerbaijan has abolished the visa regime for Chinese citizens in 2024. As a result, the number of travelers from this country to Azerbaijan increased about 2 times in comparison with the previous year and
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