Trade among OTS reaches $53 bln, but ‘far below potential,’ says Halit Kanak

Trade between member countries of the Organization of Turkic States (OTS) has grown significantly since the organization’s establishment, reaching $53 billion in 2024. However, this figure remains far below its full potential, according to Halit...

Azerbaijan and World Bank discussed sustainable economic growth and employment issues

Economy Minister Mikayil Jabbarov met with a delegation led by Asad Alam, World Bank Regional Director for Prosperity in the Europe and Central Asia Region, APA-Economics reports. "The meeting provided an opportunity to exchange perspectives on...

Azerbaijan and Egypt discussed the application of AI in state audit

The delegation led by the Chairman of the Chamber of Accounts of the Republic of Azerbaijan, Vugar Gulmammadov, met with the President of the Egyptian State Accountability Institution, Mohammed Al-Faisal Youssef, who will serve as the Chairman of...

Azerbaijan’s domestic debt strategy strengthens fiscal sovereignty

In an era of global economic uncertainty, Azerbaijan’s fiscal posture stands out for a reason that may surprise casual observers: its domestic debt now significantly exceeds its external debt. As of October 1, 2025, the country’s internal...

Azerbaijan revealed its top investment sector last year in Georgia

Last year, the majority of Azerbaijan’s $83.9 million investments in the Georgian economy were directed to the transport sector, APA’s local bureau reports, citing the “Foreign Direct Investment in 2024” publication by the National Statistics...

Azerbaijan, Türkiye sign MoU to strengthen cooperation in insurance sector

Azerbaijan and Türkiye have signed a Memorandum of Understanding (MoU) to enhance mutual cooperation in the insurance sector, Azernews reports. The announcement was made by Taleh Kazimov, Governor of the Central Bank of Azerbaijan (CBA), in a post...

Azerbaijan and OECD discuss prospects for enhanced cooperation

Cooperation prospects between Azerbaijan and the Organisation for Economic Co-operation and Development (OECD) were discussed during a meeting between Azerbaijan’s Minister of Economy, Mikayil Jabbarov, and William Tompson, Head of the Eurasia...

Azerbaijan and Uzbekistan discuss joint efforts to further develop relations

Baku, October 30, AZERTAC As part of his working visit to Samarkand, Azerbaijani Foreign Minister Jeyhun Bayramov met with his Uzbek counterpart Bakhtiyor Saidov. Minister Bayramov congratulated Uzbekistan on hosting the first-ever UNESCO General...

Evidence on killing of eight Azerbaijani captives examined in Armenian war crimes trial

The open court session regarding criminal cases against citizens of the Republic of Armenia—accused of crimes against peace and humanity, war crimes, including the preparation and conduct of aggressive war, genocide, violation of the laws and...

Speaker of Azerbaijan`s Parliament meets with Speaker of UAE Federal National Council

Baku, October 30, AZERTAC Sahiba Gafarova, Speaker of the Milli Majlis of Azerbaijan, met with a delegation led by Saqr Ghobash, Speaker of the Federal National Council of the United Arab Emirates. The meeting began with a one-on-one discussion...

Baku reception honors 102nd Anniversary of Turkish Republic

On October 29, an official reception dedicated to the 102nd anniversary of the founding of the Republic of Türkiye was held at the Gulustan Palace in Baku. Azernews reports that the event was organized by the Embassy of Türkiye in Azerbaijan. The...

Document related to simultaneous killing of eight Azerbaijani captives and hostages examined during trial of Armenian citizens

The open court session regarding criminal cases against citizens of the Republic of Armenia—accused of crimes against peace and humanity, war crimes, including the preparation and conduct of aggressive war, genocide, violation of the laws and...

Romanian press highlights Senate President Abrudean’s visit to Azerbaijan

Bucharest, October 30, AZERTAC Leading Romanian news outlets, including the national news agency Agerpres and the news portals G4Media and Gazeta de Cluj, have reported on the official visit of Mircea Abrudean, President of the Senate of Romania,...

Azerbaijani and Uzbek Foreign Ministers meet in Samarkand

On October 30, 2025, the Minister of Foreign Affairs of the Republic of Azerbaijan, Jeyhun Bayramov, met with the Minister of Foreign Affairs of the Republic of Uzbekistan, Bakhtiyor Saidov, as part of his working visit to Samarkand, the Ministry...

Baku, Tashkent deepen partnership across multiple sectors

On October 30, 2025, Azerbaijan’s Foreign Minister, Jeyhun Bayramov, met with his Uzbek counterpart, Bakhtiyor Saidov, during an official visit to Samarkand, Azernews reports. According to the Azerbaijani Ministry of Foreign Affairs, Minister...

Azerbaijani oil price exceeds $66

The price of Azerbaijani crude oil, branded as Azeri Light (CIF), has increased on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil rose by $1.03 or 1.58%, reaching $66.24. Note that the previous price of...

Developing countries need $310bn annually for climate adaptation – UNEP warns as finance gap widens

A new United Nations report has revealed a massive shortfall in funding to help developing countries adapt to the worsening impacts of climate change, warning that the world is far off track in meeting its promises. The UN Environment Programme...

Azerbaijan’s external surplus to narrow as energy revenues ease — World Bank

Azerbaijan’s external surplus to narrow as energy revenues ease — World Bank 28 October 2025 16:47 (UTC+04:00) The World Bank forecasts that Azerbaijan’s current account surplus will gradually decline over the next three years — from 4.2 percent...

Bulgaria-Azerbaijan Business Forum Explores Cooperation Beyond Energy

Participants in a Bulgaria-Azerbaijan Business Forum featuring B2B meetings discussed in Sofia on Thursday ways to deepen and expand economic ties beyond the energy sector. The event brought together representatives of 80 Bulgarian companies and...

Ahead of COP30, UNEP flags widening climate adaptation finance gap

The world is critically underprepared to protect vulnerable populations from worsening climate impacts, according to a new report released by the United Nations Environment Programme (UNEP) ahead of the COP30 climate summit in Belém, Brazil. The...