LG Energy Solution pulls out from Indonesia EV battery investment
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
LG Energy Solution (LGES) has officially withdrawn from the 142 trillion rupiah ($8.45 billion) electric vehicle (EV) battery manufacturing project in Indonesia, the company announced on Monday. LG and the Indonesian government had signed a deal in late 2020 for the so-called Indonesia Grand Package (GP) project, which aimed to invest across the entire EV battery supply chain, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
LG Energy Solution (LGES) has officially withdrawn from the 142 trillion rupiah ($8.45 billion) electric vehicle (EV) battery manufacturing project in Indonesia, the company announced on Monday. LG and the Indonesian government had signed a deal in late 2020 for the so-called Indonesia Grand Package (GP) project, which aimed to invest across the entire EV battery supply chain, Azernews reports.
Sugar exports from Azerbaijan see notable growth in first quarter
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Azerbaijan recorded a significant increase in sugar exports during the first quarter of the year, Azernews reports, citing the State Customs Committee.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Azerbaijan recorded a significant increase in sugar exports during the first quarter of the year, Azernews reports, citing the State Customs Committee.
Culture Minister meets with Kyrgyz counterpart in Bishkek
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Azerbaijan Culture Minister Adil Karimli has met with his Kyrgyz counterpart Mirbek Mambataliyev in Bishkek to discuss prospects for cooperation, Azernews reports. The meeting took place at Kyrgyzstan National History Museum.
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Azerbaijan Culture Minister Adil Karimli has met with his Kyrgyz counterpart Mirbek Mambataliyev in Bishkek to discuss prospects for cooperation, Azernews reports. The meeting took place at Kyrgyzstan National History Museum.
Edible oil and margarine production sees strong growth in Q1
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In the first quarter of this year, Azerbaijan produced 11,206.4 tons of liquid vegetable oils, marking a 2.9% increase compared to the same period last year, Azernews reports, citing the State Statistics Committee.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
In the first quarter of this year, Azerbaijan produced 11,206.4 tons of liquid vegetable oils, marking a 2.9% increase compared to the same period last year, Azernews reports, citing the State Statistics Committee.
Drone-assisted drug smuggling attempt from Iran to Azerbaijan thwarted at border
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On April 21, Azerbaijani border guards foiled an attempt to smuggle a large quantity of narcotics from Iran using an unmanned aerial vehicle (UAV), Azernews reports citing the State Border Service.
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On April 21, Azerbaijani border guards foiled an attempt to smuggle a large quantity of narcotics from Iran using an unmanned aerial vehicle (UAV), Azernews reports citing the State Border Service.
Leyla Aliyeva meets with spouse of Secretary General of Central Committee of Vietnam's Communist Party
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Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva has met with Ngo Phuong Ly, spouse of the Secretary General of the Central Committee of the Communist Party of Vietnam, as part of her visit to Vietnam, Azernews reports.
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Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva has met with Ngo Phuong Ly, spouse of the Secretary General of the Central Committee of the Communist Party of Vietnam, as part of her visit to Vietnam, Azernews reports.
SOFAZ cuts North American exposure, shifts focus to Europe and gold
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By the end of the first quarter of the year, 27.5% of the State Oil Fund’s (SOFAZ) investment portfolio was allocated to instruments with maturities exceeding five years, Azernews reports, citing the Fund.
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By the end of the first quarter of the year, 27.5% of the State Oil Fund’s (SOFAZ) investment portfolio was allocated to instruments with maturities exceeding five years, Azernews reports, citing the Fund.
ADB to help Asian nations strengthen river ecosystem resilience
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The Asian Development Bank (ADB) will support its developing member countries, including Azerbaijan, in building resilience in their river basins.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
The Asian Development Bank (ADB) will support its developing member countries, including Azerbaijan, in building resilience in their river basins.
ICYF Eurasian Center presents mine victim rights platform at UN ECOSOC Youth Forum
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The Eurasian Regional Center of the Islamic Cooperation Youth Forum (ICYF-ERC) has presented the "International Youth Platform for the Protection of Mine Victims' Rights" during a side event at the UN ECOSOC Youth Forum, Azernews reports.
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The Eurasian Regional Center of the Islamic Cooperation Youth Forum (ICYF-ERC) has presented the "International Youth Platform for the Protection of Mine Victims' Rights" during a side event at the UN ECOSOC Youth Forum, Azernews reports.
Oil exports from Azerbaijan to Tabriz may be on agenda during Pezeshkian's visit to Baku
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Discussions on potential oil exports from Azerbaijan to the Tabriz refinery in Iran may take place during the expected visit of Iranian President Masoud Pezeshkian to Baku, Azernews reports via Iranian media.
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Discussions on potential oil exports from Azerbaijan to the Tabriz refinery in Iran may take place during the expected visit of Iranian President Masoud Pezeshkian to Baku, Azernews reports via Iranian media.
Condolence book opened following passing of Pope Francis
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A Book of Condolence has been opened at the Church of the Immaculate Conception in Baku following the passing of Pope Francis.
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A Book of Condolence has been opened at the Church of the Immaculate Conception in Baku following the passing of Pope Francis.
Global South to become key economic force by 2030, BCG report highlights Azerbaijan's role
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The Global South, including Azerbaijan, is poised to become a dominant engine of global economic growth by the end of the decade and may emerge as a distinct "third force" in global geopolitics, according to a new report by the Boston Consulting Group (BCG), Azernews reports.
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The Global South, including Azerbaijan, is poised to become a dominant engine of global economic growth by the end of the decade and may emerge as a distinct "third force" in global geopolitics, according to a new report by the Boston Consulting Group (BCG), Azernews reports.
Cultural agency fights against Armenia's misappropriation of heritage
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Since 2016, Azerbaijan’s Intellectual Property Agency has continued to publish materials under the series "Don bəzəyər də, ifşa edər də" aimed at exposing Armenian falsifications of Azerbaijani cultural heritage, Azernews reports, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Since 2016, Azerbaijan’s Intellectual Property Agency has continued to publish materials under the series "Don bəzəyər də, ifşa edər də" aimed at exposing Armenian falsifications of Azerbaijani cultural heritage, Azernews reports, Azernews reports.
Leyla Aliyeva meets with Vice-President of Vietnam to expand humanitarian and cultural ties
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Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva met with Vice-President of the Socialist Republic of Vietnam Vo Thi Anh Xuan during her visit to Vietnam, Azernews reports.
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Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva met with Vice-President of the Socialist Republic of Vietnam Vo Thi Anh Xuan during her visit to Vietnam, Azernews reports.
Baku, Tashkent to hold joint art projects
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A Memorandum of Cooperation has been signed between the Heydar Aliyev Azerbaijan Cultural Center in Tashkent and the Uzbekistan Academy of Arts, Azernews reports.
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A Memorandum of Cooperation has been signed between the Heydar Aliyev Azerbaijan Cultural Center in Tashkent and the Uzbekistan Academy of Arts, Azernews reports.
Int'l Jazz Day in Baku to celebrate freedom and inspiration
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Every year on April 30, music lovers around the globe tune in to the enchanting sounds of saxophones, pianos, and drums for International Jazz Day-a celebration that has united nations, cultures, and hearts since its inception in 2012. This special day, proclaimed by UNESCO, serves as a powerful anthem for peace, freedom, and the beauty of improvisation, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Every year on April 30, music lovers around the globe tune in to the enchanting sounds of saxophones, pianos, and drums for International Jazz Day-a celebration that has united nations, cultures, and hearts since its inception in 2012. This special day, proclaimed by UNESCO, serves as a powerful anthem for peace, freedom, and the beauty of improvisation, Azernews reports.
Agdam to launch new housing in 5th residential area
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Reconstruction and improvement works are successfully ongoing in the city of Agdam.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Reconstruction and improvement works are successfully ongoing in the city of Agdam.
Azerbaijan-China trade turnover surpasses $1 billion in first quarter
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Trade between Azerbaijan and China saw significant growth in the first quarter of 2025
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Trade between Azerbaijan and China saw significant growth in the first quarter of 2025
Azerbaijan's Chamber of Accounts urges strengthening audits on renewables & green budgeting
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In 2024, for the first time, some audits conducted by the Chamber of Accounts included, albeit infrequently, references to indicators consistent with the “green budget” approach. This marks a positive step toward Azerbaijan’s transition to ecological financing.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
In 2024, for the first time, some audits conducted by the Chamber of Accounts included, albeit infrequently, references to indicators consistent with the “green budget” approach. This marks a positive step toward Azerbaijan’s transition to ecological financing.
Victims testify in Baku trial of Ruben Vardanyan on charges of war crimes and terrorism
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On April 22, the trial of Armenian citizen Ruben Vardanyan continued in Baku with the testimonies of victims, mostly mine victims, who have suffered serious injuries due to landmines allegedly planted under his leadership and support, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
On April 22, the trial of Armenian citizen Ruben Vardanyan continued in Baku with the testimonies of victims, mostly mine victims, who have suffered serious injuries due to landmines allegedly planted under his leadership and support, Azernews reports.