Business & Economics

Aliyev Approves Azerbaijani-Russian Agreement to Boost Cargo Transit by North-South Corridor

Azerbaijani President Ilham Aliyev has approved an intergovernmental agreement with Russia on the development of cargo transit by the North-South international transport corridor. The respective order was published on the Azerbaijani presidential website. The agreement was signed in Moscow on

Read More

Kazakh Transport Ministry Publishes Preliminary Report on AZAL Plane Crash Inquiry

ASTANA. Feb 4 (Interfax) – The Azerbaijan Airlines (AZAL) aircraft, which crashed in Kazakhstan in late 2024, had registered a “sound strike” against the cockpit during flight, the Kazakh Transport Ministry said in a preliminary report published on its website

Read More

SOCAR Buying 10% of Tamar Project Offshore Israel from Union Energy

The State Oil Company of the Azerbaijani Republic (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity state stake in Tamar, one of the biggest gas fields in the Mediterranean Sea, SOCAR said in a statement.

Read More

Our Goal Is to Capture Approximately 30% Of the Market Share By 2026

Interview with the director of the company “Brake Systems Azerbaijan MMC”, Mehman Agayev for the “Azerbaijan Today” magazine Questions prepared by Nigar Salamzada A.T: First of all, Mr. Agayev, we would like to ask you to briefly introduce yourself to

Read More

Azerbaijan Resumes Gas Supplies to Bulgaria – Bulgargaz

Azerbaijan has resumed gas supplies to Bulgaria after their temporary suspension in January due to technical reasons, the Bulgarian state-owned gas distributor Bulgargaz said in a statement on Monday. “Gas supplies to Bulgaria under a long-term contract with Azerbaijan resumed

Read More

Azerbaijan Has 1% Inflation in Dec; Average Annual Inflation Slows To 2.2% in 2024

Azerbaijan experienced 1% inflation in December 2024 against 0.7% in November, the State Statistics Committee told. Food products increased 2%, non-food products 0.2%, and services 0.3% in December. Prices for eggs surged 6.5% and vegetables 10.5% in the month. Average

Read More

Crash of Azerbaijani Airliner in Kazakhstan Bears Resemblance to 2018 Emergency Landing in Portugal

By Gokhan Celiker, Yavuz Aydin   The crash of an Embraer 190 aircraft operated by Azerbaijan Airlines (AZAL) on Wednesday during its Baku-Grozny flight bears striking similarities to a 2018 incident in Portugal, where the same model experienced control issues

Read More

25 People Survive Out Of 67 People on The Plane Crash

According to the latest data from the Ministry of Emergency Situations of Kazakhstan, 28 people survived the crash, 22 of whom were taken to hospital. Among the passengers on the plane were 37 citizens of Azerbaijan, 6 of Kazakhstan, 3

Read More

President Ilham Aliyev Shared Post on Azerbaijan’s Admission to D-8 Organization for Economic Cooperation

President of the Republic of Azerbaijan Ilham Aliyev shared a post regarding Azerbaijan’s admission to the D-8 Organization for Economic Cooperation. “Today, during the Summit of the D-8 Organization for Economic Cooperation in Cairo, I express my gratitude to the

Read More

I’m Glad We Got A Deal At COP29 – But Western Nations Stood In The Way Of A Much Better One

Mukhtar Babayev is president of the Cop29 UN climate change conference The Gardian. Nine years after the Paris agreement, and after 11 months of multilateral diplomacy and two weeks of the most intense negotiations at Cop29 in Baku, we have a

Read More