News
Türkiye advances preparations for Azerbaijan-Bulgaria green electricity corridor
1+ day, 12+ hour ago (160+ words) Türkiye's Ministry of Energy and Natural Resources is actively advancing preparations to supply electricity from Azerbaijan to Bulgaria as part of a large-scale green energy corridor project, AzerNEWS reports. According to Türkiye newspaper, preparations for the initiative - dubbed "Electricity TANAP…...
Azeri Light oil price rises to $91.50 per barrel
1+ day, 15+ hour ago (117+ words) AzerNews Azeri Light oil price rises to $91.50 per barrel The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $2.68, or 3.02%, compared to the previous level, reaching $91.50 per barrel. Access to paid information…...
Azerbaijan’s export structure is changing faster than ever
2+ day, 8+ hour ago (801+ words) For more than three decades, one of Azerbaijan's most important economic objectives has been reducing its dependence on hydrocarbons. Like many resource-rich nations, Azerbaijan has long exhibited the classic symptoms of the so-called "Dutch disease"—an economic phenomenon in which…...
Azerbaijan boosts gas exports amid rising European demand
2+ day, 8+ hour ago (105+ words) AzerNews Azerbaijan boosts gas exports amid rising European demand Azerbaijan exported 12.7 billion cubic meters of natural gas to foreign markets in the first six months of this year. Access to paid information is limited Find the plan that suits you…...
Azerbaijan and Uzbekistan sign deal to Establish geological exploration joint venture [PHOTOS]
2+ day, 11+ hour ago (154+ words) Azerbaijan and Uzbekistan have signed a Terms of Reference agreement to establish a joint venture for geological exploration, marking another step forward in expanding economic cooperation between the two countries, AzerNEWS reports. The announcement was made by Azerbaijan's Minister of…...
Azerbaijan's economic transformation creates new opportunities for global investors
2+ day, 11+ hour ago (300+ words) A key advantage of Azerbaijan is its strong financial position. The country has accumulated substantial strategic reserves, which reached 85.769 billion US dollars by July 2026. These reserves increased by 10.4% compared with the previous year and provide Azerbaijan with a powerful financial…...
Azeri Light oil climbs to $88.82 per barrel
2+ day, 15+ hour ago (117+ words) AzerNews Azeri Light oil climbs to $88.82 per barrel The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $1.99, or 2.29%, from the previous trading session to $88.82 per barrel, AzerNEWS report Access to paid…...
Record trade surplus gives Azerbaijan greater firepower to defend manat
2+ day, 17+ hour ago (720+ words) AzerNews Record trade surplus gives Azerbaijan greater firepower to defend manat The global economy of the mid-2020s has been marked by persistent volatility, geopolitical fragmentation, and shifting trade corridors. Yet, against this turbulent backdrop, Azerbaijan’s macroeconomic indicators for the first half…...
Baku's tourism boom runs into diversification reckoning by World Bank
3+ day, 9+ hour ago (997+ words) AzerNews Baku's tourism boom runs into diversification reckoning by World Bank For a government that has spent a decade building a tourism industry around five-star hotel chains, Formula 1 circuits and international summits clustered in a single city, the message from…...
Azerbaijan, Georgia and Türkiye deepen defense cooperation through 'Eternity-2026"
3+ day, 8+ hour ago (208+ words) Azerbaijan, Georgia and Türkiye deepen defense cooperation through 'Eternity-2026' AzerNews Azerbaijan, Georgia and Türkiye deepen defense cooperation through 'Eternity-2026' In accordance with the military cooperation plan between the Ministries of Defense of Azerbaijan, Georgia, and Türkiye, the main planning conference…...