Iran is seeking increased winter electricity imports from Azerbaijan while the two countries discuss power swaps, joint hydropower plants and renewable-energy investment.
Russia has set a 1 million-ruble ceiling on cash rubles individuals may carry from Russia to Azerbaijan, with exceptions governed by Russian authorities.
SOCAR-backed Petkim has begun a $70 million engineering phase that could lift annual ethylene capacity to 1.2 million metric tons and polypropylene capacity to 550,000 tons.
The first Armenian shipment to Azerbaijan points to two-way trade, but analysts say direct payments, insurance and product checks remain major barriers.
Azerbaijan could consider importing Armenian fish and dairy products if they meet national safety standards and can compete on price and quality, economist Asif Ibrahimov says.
Fully developing the Middle Corridor could add about $1.3 billion, or 1.84%, to Azerbaijan’s GDP, but the World Bank says major infrastructure and logistics reforms are needed.
Georgia secured new financing for a €316.8 million Middle Corridor road project as Azerbaijan, Georgia and Turkey moved to accelerate customs processing and data exchange.
BP completed intervention work on seven Deepwater Gunashli subsea wells about one month early after deploying riserless light-well technology in its Caspian operations for the first time.
Lawyer Akram Hasanov says limiting customers to one debit card per product and currency could make it harder to separate savings from everyday spending.
Azerbaijan signed 23 documents covering projects valued at $10.8 billion at its second international investment forum, lifting the combined portfolio announced since June to $16.7 billion.
Azerbaijani economist Natig Jafarli says proposed paid checks and documentation for small producers could raise the retail price of homemade preserves.
President Ilham Aliyev says Azerbaijan will maintain the exchange rate of 1.7 manats per U.S. dollar, citing a positive trade balance, low external debt and strong reserves.
SOCAR and ExxonMobil have signed a production-sharing agreement for unconventional hydrocarbon resources in Azerbaijan’s Middle Kura basin, with each side holding 50%.
Documents covering more than $10 billion in potential investments were signed at the Second Azerbaijan International Investment Forum, an Azerbaijani presidential aide said.
Baku’s 2040 master plan calls for a polycentric capital built around connected central, regional and local hubs, transport links and green corridors.
Azerbaijan’s VAT exemption for wheat, flour and bread is due to expire on Jan. 1, 2027, raising the risk of higher costs if the government does not extend it.
President Ilham Aliyev says Azerbaijan plans to raise annual transit freight to at least 25 million tons by 2030 while keeping external public debt at 5.6% of GDP.
International video game commerce company Xsolla has officially opened a research and development center in Baku, employing 79 people, 95% of whom work in...
Azerbaijan’s existing bank cards will remain valid until expiration or account closure, while new risk-based issuance limits apply mainly to additional cards.
Azerbaijan’s direct investment in Africa could reach hundreds of millions of dollars in 2026 after SOCAR acquired an interest in an energy project in Côte d’Ivoire.
XRG, SOCAR and TotalEnergies are advancing a multibillion-dollar expansion of Azerbaijan’s Absheron gas-condensate field, with the second phase targeting about 4.5 billion cubic meters of gas annually.
Azerbaijan’s central bank expects the country’s current account surplus to reach $6.1 billion in 2026 and projects 2.4% growth in the non-oil economy.