Azerbaijan, China sign documents in Beijing
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On April 23, a signing ceremony of Azerbaijan-China documents was held in Beijing with the participation of President of the Republic of Azerbaijan Ilham Aliyev and President of the People's Republic of China Xi Jinping, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
On April 23, a signing ceremony of Azerbaijan-China documents was held in Beijing with the participation of President of the Republic of Azerbaijan Ilham Aliyev and President of the People's Republic of China Xi Jinping, Azernews reports.
Azerbaijan highlights green tourism vision at global summit
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Azerbaijan's efforts and strategic approaches toward the development of sustainable tourism were presented at the annual summit of the Pacific Asia Travel Association (PATA), held in Istanbul, Turkiye, Azernews reports, citing the State Tourism Agency.
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Azerbaijan's efforts and strategic approaches toward the development of sustainable tourism were presented at the annual summit of the Pacific Asia Travel Association (PATA), held in Istanbul, Turkiye, Azernews reports, citing the State Tourism Agency.
Azerbaijan ramps up wind power equipment imports despite drop in local wind energy output
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In the first two months of 2025, Azerbaijan significantly increased its wind energy infrastructure imports by purchasing 33 wind power generating units from China
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
In the first two months of 2025, Azerbaijan significantly increased its wind energy infrastructure imports by purchasing 33 wind power generating units from China
Chinese President Xi Jinping hosts official banquet in honor of President Ilham Aliyev
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On April 23, President of the People's Republic of China Xi Jinping and First Lady Peng Liyuan hosted an official banquet in Beijing in honor of President of the Republic of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
On April 23, President of the People's Republic of China Xi Jinping and First Lady Peng Liyuan hosted an official banquet in Beijing in honor of President of the Republic of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva.
President Ilham Aliyev visits Monument to the People's Heroes in Beijing
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President of the Republic of Azerbaijan Ilham Aliyev visited the Monument to the People's Heroes in Beijing on April 23, Azernews reports.
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President of the Republic of Azerbaijan Ilham Aliyev visited the Monument to the People's Heroes in Beijing on April 23, Azernews reports.
CBA revises inflation forecast
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The Central Bank of Azerbaijan (CBA) has updated its annual inflation forecasts, predicting a steady decline in inflation rates over the next two years. According to the revised estimates, annual inflation will reach 5.3% in 2025 and 4.3% in 2026, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
The Central Bank of Azerbaijan (CBA) has updated its annual inflation forecasts, predicting a steady decline in inflation rates over the next two years. According to the revised estimates, annual inflation will reach 5.3% in 2025 and 4.3% in 2026, Azernews reports.
Nakhchivan and Urumqi sign sister city agreement to strengthen regional ties
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Nakhchivan city of Azerbaijan and Urumqi city of China’s Xinjiang-Uyghur Autonomous Region are set to become sister cities, further enhancing cooperation between the two regions, Azernews reports.
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Nakhchivan city of Azerbaijan and Urumqi city of China’s Xinjiang-Uyghur Autonomous Region are set to become sister cities, further enhancing cooperation between the two regions, Azernews reports.
President of Azerbaijan Ilham Aliyev met with Premier of the State Council of China
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On April 23, President of the Republic of Azerbaijan Ilham Aliyev met with Li Qiang, Premier of the State Council of the People's Republic of China, Azernews reports.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
On April 23, President of the Republic of Azerbaijan Ilham Aliyev met with Li Qiang, Premier of the State Council of the People's Republic of China, Azernews reports.
AZPROMO discuss localization of laptop production in Azerbaijan with Chinese company
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As part of the China-Azerbaijan Industrial and Investment Cooperation Promotion Conference, the Export and Investment Promotion Agency of Azerbaijan (AZPROMO) held a meeting with Shenzhen Hasee Computer Co., a leading Chinese computer technology company, Azernews reports.
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As part of the China-Azerbaijan Industrial and Investment Cooperation Promotion Conference, the Export and Investment Promotion Agency of Azerbaijan (AZPROMO) held a meeting with Shenzhen Hasee Computer Co., a leading Chinese computer technology company, Azernews reports.
Azerbaijan’s First Lady Mehriban Aliyeva, her daughter Leyla Aliyeva, and other family members visited the Great Hall of the People in Beijing
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On April 23, First Lady of the Republic of Azerbaijan Mehriban Aliyeva, her daughter Leyla Aliyeva, and other family members visited the Great Hall of the People in Beijing, Azernews reports.
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On April 23, First Lady of the Republic of Azerbaijan Mehriban Aliyeva, her daughter Leyla Aliyeva, and other family members visited the Great Hall of the People in Beijing, Azernews reports.
Three earthquakes hit Istanbul, causing public panic and telecom disruption
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Two strong earthquakes and a preliminary tremor have struck Istanbul, Türkiye, causing panic among residents and disrupting mobile communication systems, Azernews reports, citing Turkish media.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Two strong earthquakes and a preliminary tremor have struck Istanbul, Türkiye, causing panic among residents and disrupting mobile communication systems, Azernews reports, citing Turkish media.
Kazakh wheat makes up 80% of Azerbaijan's imports
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In the first quarter of 2025, 80% of the wheat imported into Azerbaijan came from Kazakhstan, Azernews reports, citing Alim Bayel, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Azerbaijan, as he said during the IV meeting of the Azerbaijan-Kazakhstan Council of Experts.
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In the first quarter of 2025, 80% of the wheat imported into Azerbaijan came from Kazakhstan, Azernews reports, citing Alim Bayel, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Azerbaijan, as he said during the IV meeting of the Azerbaijan-Kazakhstan Council of Experts.
Manat in spotlight as reconstruction, defense push imports to new highs
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Azerbaijan is one of the few countries in the world that runs a trade surplus. In other words, Azerbaijan exports more than it imports, which helps keep its currency stable. However, only a few years after gaining independence, the country experienced a trade deficit. To tell the truth, those years were among the most difficult in its history, as hyperinflation hit the economy and the population faced a currency devaluation. To put this into perspective, in the second year of independence, Azerbaijan ran a trade deficit and encountered hyperinflation. The following year, the country experienced its first major devaluation—its local currency plummeted 17 times, and inflation surged from 1,129 percent to 1,663 percent.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Azerbaijan is one of the few countries in the world that runs a trade surplus. In other words, Azerbaijan exports more than it imports, which helps keep its currency stable. However, only a few years after gaining independence, the country experienced a trade deficit. To tell the truth, those years were among the most difficult in its history, as hyperinflation hit the economy and the population faced a currency devaluation. To put this into perspective, in the second year of independence, Azerbaijan ran a trade deficit and encountered hyperinflation. The following year, the country experienced its first major devaluation—its local currency plummeted 17 times, and inflation surged from 1,129 percent to 1,663 percent.
Agricultural insurance expands, subsidies for modern irrigation systems to increase in 2025
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The scope of agricultural insurance continues to grow each year, with an increasing number of farmers being covered. In 2024 alone, 446.8 thousand hectares of land were insured, and over 6.4 million manats were paid out in insurance and damage claims.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
The scope of agricultural insurance continues to grow each year, with an increasing number of farmers being covered. In 2024 alone, 446.8 thousand hectares of land were insured, and over 6.4 million manats were paid out in insurance and damage claims.
Gala State Reserve marks its 37th anniversary with tree planting campaign
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The Gala State Historical and Ethnographic Reserve is celebrating its 37th anniversary, Azernews reports.
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The Gala State Historical and Ethnographic Reserve is celebrating its 37th anniversary, Azernews reports.
President Ilham Aliyev meets with Chairman of Standing Committee of China's National People's Congress
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On April 23, President of the Republic of Azerbaijan Ilham Aliyev met with Zhao Leji, Chairman of the Standing Committee of the National People's Congress of the People's Republic of China.
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On April 23, President of the Republic of Azerbaijan Ilham Aliyev met with Zhao Leji, Chairman of the Standing Committee of the National People's Congress of the People's Republic of China.
Baku hosts Cadet Boxing Zone Championship's finals
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The opening ceremony of the Cadet Boxing Zone Championship's finals has taken place at Baku Boxing Center, Azernews reports. The ceremony began with a parade of the participant teams.
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The opening ceremony of the Cadet Boxing Zone Championship's finals has taken place at Baku Boxing Center, Azernews reports. The ceremony began with a parade of the participant teams.
Middle Corridor project progresses, Kazakhstan-Azerbaijan cooperation strengthens
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Cargo transportation along the Middle Corridor continues, with the project to lay a fiber-optic communication line along the Caspian Sea floor progressing as planned. The project is expected to be completed by next year.
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Cargo transportation along the Middle Corridor continues, with the project to lay a fiber-optic communication line along the Caspian Sea floor progressing as planned. The project is expected to be completed by next year.
AFFA, ADBTIA review plans to enhance cooperation
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The Association of Football Federations of Azerbaijan (AFFA) and Azerbaijan State Physical Education and Sports Academy (ADBTIA) have agreed to enhance their collaboration in the future, Azernews reports.
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The Association of Football Federations of Azerbaijan (AFFA) and Azerbaijan State Physical Education and Sports Academy (ADBTIA) have agreed to enhance their collaboration in the future, Azernews reports.
Top banker highlights changing dynamics in banking operations
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Azerbaijan’s interbank market is currently experiencing notably low levels of activity, Azernews reports, citing Taleh Kazimov, the Governor of the Central Bank of Azerbaijan (CBA), as he said at a press conference.
AzerNews - News from Azerbaijan, Business, Energy, Analysis (RSS)
Azerbaijan’s interbank market is currently experiencing notably low levels of activity, Azernews reports, citing Taleh Kazimov, the Governor of the Central Bank of Azerbaijan (CBA), as he said at a press conference.