Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according ...

The Central Bank of Azerbaijan (CBA) forecasts the average oil price for 2025 at $77.3 per barrel, the chairman of the CBA, Taleh Kazimov, stated at a press conference. Azerbaijan's Minister of ...

The net profit of the American oilfield services company Halliburton Inc. in 2024 amounted to $2.501 billion, which is a 5.2% decrease compared to the previous year. According to the company’s ...

Azercell’s AI-powered "AI Chat Bot" service is now available for iOS users. Designed to deliver the best customer experience, the new solution offers 24/7 assistance to address subscriber inquiries ...

As the world economy braces for another year of tepid expansion, Azerbaijan finds itself navigating a complex landscape of opportunities and risks. The World Bank’s Global Economic Outlook 2025, ...

The Central Bank of Azerbaijan (CBA) has changed the procedure of issue, public placement and circulation of investment securities of international organisations of which our country is a member. The ...

In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 ...

The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s g ...

European Commission President Ursula von der Leyen stated in Davos that the United States supplies 50% of the liquefied natural gas (LNG) imported by the European Union, and that the volume of ...

'Expressbank' has released its financial results for 2024. Last year, the bank earned AZN 11.2 million in net profit, which is down by 6.5 ...

Previously, the classification of a taxpayer as high-risk was conducted solely on the initiative of the tax authority without reference to any legislative act, which naturally led to taxpayers’ ...

In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period ...