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Azerbaijan exported 21.476 million kWh of electricity to Russia in January–February 2026, generating revenue of 1.189 million US dollars, AzerNEWS reports. According to data from the State Statistics Committee, electricity exports...
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Retail sales in Azerbaijan reached 15.927 billion manats in the first quarter of 2026, marking a 3.7 percent increase compared to the same period last year, AzerNEWS reports.
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S&P Global Ratings has kept Türkiye’s credit rating unchanged, affirming it at “BB-/B” with a “stable” outlook, AzerNEWS reports.
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Prices of precious metals recorded an upward trend in Azerbaijan over the past week, with gold leading the gains.
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Australia and Japan signed contracts on Saturday launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo’s most consequential military sale since ending a military export ban in 2014, AzerNEWS reports, citing...
The Trump administration and Anthropic’s CEO on Friday discussed working together for the first time since a dispute earlier this year between the Pentagon and the AI firm over how that company’s models should be used, AzerNEWS reports, citing Arab...
The global economy has suffered losses exceeding $50 billion due to oil production disruptions caused by the war against Iran that began approximately 50 days ago, with the consequences expected to be felt for months, if not years.
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Azerbaijani citizens purchased 60 residential properties in Türkiye in March 2026, ranking sixth among foreign buyers, AzerNEWS reports.
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The price of Azerbaijan’s Azeri Light crude oil dropped significantly at Italy’s Augusta Port, declining by $11.06, or 9.6 percent, to $104.49 per barrel on a CIF basis, AzerNEWS reports.
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In January–March 2026, Azerbaijan exported 42,512.15 tons of sugar, marking a nearly fivefold increase compared to the same period last year, AzerNEWS reports. According to the State Customs Committee, the value of sugar exports...
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Nuclear energy could play an important role in Azerbaijan’s future energy mix, AzerNEWS reports, citing Energy Minister Parviz Shahbazov.
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Azerbaijan imported 12,300 tons of meat worth $28.63 million in the first three months of this year (January–March), AzerNEWS reports, citing the State Customs Committee of Azerbaijan.
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A total of 738 million barrels of oil have been transported via the Baku–Supsa Pipeline as of April 1 this year, according to the State Oil Company of Azerbaijan Republic, AzerNEWS reports.
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In January–March 2026, the total volume of cargo transportation in Azerbaijan increased by 1.2 percent year-on-year, AzerNEWS reports. According to reported data, the transport and warehousing sector provided services...
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In the first quarter of 2026, Azerbaijan produced 6.991 billion kilowatt-hours (kWh) of electricity, according to the Ministry of Energy of Azerbaijan, AzerNEWS reports. During the reporting period, the bulk of electricity...
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The Dutch banking group ING Group has released an updated forecast for Azerbaijan’s economic growth, covering the period through 2028, AzerNEWS reports.
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The price of Azerbaijan’s flagship crude grade, Azeri Light crude oil, recorded a notable increase in international markets, reflecting ongoing volatility across the global energy sector.
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Azerbaijan significantly increased its imports of solar panels in the first two months of 2026, reflecting growing interest in renewable energy, AzerNEWS reports. According to reported data, total imports during the period amounted...
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In January–February 2026, foreign investments in Azerbaijan exceeded 1 billion manats, reaching 1,099.3 million manats (approximately $646 million), according to the State Statistics Committee, AzerNEWS reports. The funds were...
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Trade turnover between Azerbaijan and the United States has recorded a sharp increase in early 2026, highlighting rapidly expanding bilateral economic relations, AzerNEWS reports. According to the State Customs Committee, in...
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In January–March 2026, Azerbaijan exported 5.078 million tons of crude oil and petroleum products derived from bituminous rocks, valued at $2.501 billion, according to the State Customs Committee, AzerNEWS reports. Compared to the...
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The total value of these imported electric vehicles amounted to $7.898 million.
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Azerbaijan plans to gradually reduce annual transfers from the State Oil Fund of the Republic of Azerbaijan to the state budget, according to the Medium-Term Budget Framework for 2027–2030 released by the Ministry of Finance of...
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Azerbaijan and Armenia have recorded a notable, albeit limited, development in bilateral trade, marking a rare instance of direct economic exchange between the two countries, AzerNEWS reports.
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The price of Azerbaijan’s flagship “Azeri Light” crude has recorded a notable decline in key export hubs, reflecting a broader downturn in global oil markets.
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In the first quarter of 2026, Azerbaijan produced 3,767.4 tons of copper concentrate, marking a 7.1-fold increase compared to the same period last year, according to the State Statistics Committee, AzerNEWS reports. As of April 1,...
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In January–March 2026, a total of 11.1 billion cubic meters of natural gas was transported through Azerbaijan’s main pipelines, marking a 3.35 percent increase compared to the same period last year, according to the State...
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The volume of transit oil transported via the Baku-Tbilisi-Ceyhan pipeline (BTC) totaled 6.206 million tons in January–March of this year, AzerNEWS reports, citing the State Statistics Committee of Azerbaijan.
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Azerbaijan’s banking sector distributed approximately 480 million manats in dividends to shareholders in 2025, according to a senior official at the Central Bank of Azerbaijan, AzerNEWS reports.
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Trade turnover between Azerbaijan and Sweden has demonstrated strong growth in early 2026, continuing a broader upward trajectory in bilateral economic ties, AzerNEWS reports. In January–February of this year, total trade turnover...
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Global oil prices continued their upward trajectory, with Azerbaijan’s benchmark crude, Azeri Light, recording notable gains across key export terminals.
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Azerbaijan’s gross domestic product (GDP) totaled 29.703 billion manats in the first quarter of 2026, according to official data, reflecting a slight contraction compared to the same period last year, AzerNEWS reports.
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Azerbaijan’s nominal household incomes reached 22 billion 359.1 million manats in January–March of this year, AzerNEWS reports, citing the State Statistics Committee.
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Average annual inflation in Azerbaijan stood at 5.7 percent in January–March 2026, unchanged from the level recorded in the first two months of the year, according to the State Statistics Committee, AzerNEWS reports. The figure...
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The number of registered taxpayers in Azerbaijan reached 1,696,283 as of April 1 this year, reflecting steady growth in the country’s formal economy, AzerNEWS reports, citing the State Tax Service under the Ministry of Economy....
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IBM has agreed to pay $17 million to settle a United States government probe over the firm's diversity, equity and inclusion practices, which President Donald Trump's administration has cracked down on during his second term in...
Dutch regulators approved the use of Tesla's self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union. Wide...
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The price of Azerbaijan’s Azeri Light crude saw a notable decline on April 10, with a significant drop of $5.05, or 4%, at Italy’s Augusta port, AzerNEWS reports.
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Azerbaijan’s capital market recorded an average weighted borrowing rate of 12.5% for corporate and non-deposit-taking financial institutions (NBFIs) bond placements in 2025, reflecting both market dynamics and issuer composition,...
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In 2025, the Sumgayit Industrial Park recorded total product sales worth 2.2 billion manats, underscoring its growing role as a key industrial hub in Azerbaijan, AzerNEWS reports, citing the Economic Zones Development...
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In 2025, the volume of personal money transfers from Lithuania to Azerbaijan reached $6.688 million, AzerNEWS reports, citing the Central Bank.
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Trade turnover between Azerbaijan and Saudi Arabia recorded notable growth in early 2026, continuing an upward trajectory in bilateral economic relations, AzerNEWS reports. According to the latest data, total trade turnover between...
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The price of Azerbaijan’s flagship “Azeri Light” crude has recorded a significant decline across major export points, reflecting broader volatility in global oil markets, AzerNEWS reports.
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Azerbaijan has revealed the volume of horse meat and frog legs certified for export during the current period of 2026, according to the country’s food safety authority, AzerNEWS reports, citing the Azerbaijan Food Safety...
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In January 2026, Azerbaijan imported 129,933 tons of wheat worth $28.87 million from foreign countries, AzerNEWS reports.
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The State Oil Fund of Azerbaijan (SOFAZ) reported that cumulative gains from its equity index strategy reached $9.4 billion by the end of 2025, reflecting strong performance in global stock markets.
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Trade turnover between Azerbaijan and Belgium recorded significant growth in the first two months of 2026, reflecting a continued upward trend in bilateral economic ties, AzerNEWS reports.
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Benchmark Brent crude futures for June settled at $144.42 per barrel, maintaining a premium over Azeri Light amid continued volatility in energy markets.
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Positive trends were observed in the implementation of Azerbaijan’s state budget in the first quarter of 2026, AzerNEWS reports, citing the Finance Ministry. The Ministry noted that over 265,000 payment orders were executed by the...
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As of March 1, 2026, banks in Azerbaijan recorded 281 million manat in non-interest income, according to data from the Central Bank of Azerbaijan, AzerNEWS reports. This figure represents a decrease of...
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In the first quarter of 2026, Azerbaijan Railways (ADY) handled 423,124 tons of bulk cargo—including urea and sulfur—at the Baku Port, AzerNEWS reports. The company noted that this represents an approximately...
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Entrepreneurs have invested 149.7 million manats (approximately $88.1 million) in the Agdam Industrial Park so far, the Economic Zones Development Agency reports, underscoring the park’s expanding role in regional economic...
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Azerbaijan’s petrochemical producer SOCAR Polymer generated $30.9 million in export revenue during January–February 2026, AzerNEWS reports, citing the latest “Export Review” released by the Center for Analysis of Economic Reforms...
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Azerbaijan exported gold worth $60.7 million in January–February 2026, marking a sharp increase of 51% compared to the same period last year, AzerNEWS reports, citing the latest “Export Review” published by the Center for Analysis...
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Azerbaijan’s non-oil exports rose by 19.7% year-on-year in January–February 2026, reaching $580.7 million, according to the latest “Export Review” published by the Center for Analysis of Economic Reforms and Communication.
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Exports of copper and related products from Azerbaijan recorded notable growth in the first two months of 2026, reflecting the country’s ongoing push to strengthen its non-oil sector, AzerNEWS reports. According to the State...
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Azerbaijan’s banking sector recorded interest income of 886.7 million manats as of early March this year, AzerNEWS reports. According to the Central Bank of Azerbaijan, the figures represent a year-on-year increase of 134.1...
As of March 1, 2026, Azerbaijan’s broad money supply (M3 aggregate) reached AZN 49.116 billion, AzerNEWS reports.
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Azerbaijan’s banking sector reported net foreign assets totaling 26.5167 billion manats as of March 1 this year, according to data released by the Central Bank of Azerbaijan.
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In January–February of this year, Azerbaijan’s mandatory insurance segment collected 43.126 million manats in premiums, reflecting a sharp decline compared to the same period in 2025, AzerNEWS reports.
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In January of this year, Azerbaijan imported 230 tons of frozen sturgeon worth $472,000, AzerNEWS reports, citing the State Statistical Committee.
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The total value of transactions concluded across all financial instruments at the Baku Stock Exchange (BSE) reached 11.85 billion manats in the January–March period of this year, marking a significant decline compared to the same...
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TANAP Natural Gas Transmission Company has signed a five-year ABB Care service agreement with ABB for the maintenance of the Trans-Anatolian Gas Pipeline, a key energy corridor linking the Caspian region to Europe via Türkiye,...
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The price of Azerbaijan’s flagship “Azeri Light” crude oil declined across key export terminals, reflecting shifting dynamics in global energy markets, AzerNEWS reports.
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In 2025, Azerbaijan invested $130.24 million in the United States economy, marking a significant increase compared to the previous year, AzerNEWS reports. According to the Central Bank of Azerbaijan (AMB), this represents a rise...
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Risks surrounding a potential abandonment of Azerbaijan’s stable exchange rate against the US dollar have diminished, according to a recent report by ING Group.
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The price of Azerbaijan’s flagship “Azeri Light” crude has recorded a notable increase in global markets, reflecting a broader upward trend in oil benchmarks.
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Last year, the United States increased exports of liquefied natural gas (LNG) to 3.1 million barrels per day, marking a 7 percent rise compared to the previous year, AzerNEWS reports.
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The highest prices are in California, where drivers have to pay around $5.86 per gallon. By contrast, in some central states, gasoline is significantly cheaper, highlighting the large regional differences in fuel costs.
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In January-February 2026, investments directed toward fixed capital in Azerbaijan’s construction sector totaled 386 million manats, AzerNEWS reports, citing the State Statistics Committee. This marks a 12.5% decline compared to the...
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Money transfers from Azerbaijan to Georgia saw a sharp decline in 2025, reflecting a significant shift in cross-border financial flows, AzerNEWS reports.
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Prices for Azerbaijan’s Azeri Light crude oil have posted a notable increase on international markets, reflecting a broader upward trend in global energy prices.
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Belgium has set new records in its wine industry, with production reaching historic highs, according to the latest data, AzerNEWS reports.
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Global oil prices surged while Asian stock markets dropped sharply on Monday as the US-Israel war with Iran entered its fifth week, raising fears of a prolonged energy crisis, AzerNEWS reports, citing foreign media.
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The Trans Adriatic Pipeline (TAP), which transports Azerbaijani natural gas to Europe, recorded a booked capacity of 367.85 million kWh at Greece’s Kipoi exit point on March 30, AzerNEWS reports.
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Azerbaijan imported pharmaceutical products worth $88 million in January–February 2026, reflecting a slight decrease of 2.9% compared to the same period last year, AzerNEWS reports. According to the State Customs Committee of...
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In January-February 2026, Azerbaijan imported fertilizers worth $19.6 million, marking a sharp 79.3% increase compared to the same period last year. As reported by AzerNEWS, citing the State Customs Committee, the country’s...
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Sugar production in Azerbaijan saw a significant increase in the first two months of 2026, reflecting strong growth in the country’s food industry, AzerNEWS reports. According to data from the State Statistical Committee of...
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In January-February 2026, Azerbaijan produced 11,723.2 tons of flour-based confectionery products, marking a 2.4% increase compared to the same period in 2025. As reported by AzerNEWS, according to the State Statistics Committee,...
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Global oil markets saw a notable surge as Brent crude prices climbed above $115 per barrel, marking the first time this level has been exceeded since March 19, 2026, AzerNEWS reports.
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Azerbaijan recorded a decline in fruit juice and preserved food production in the first two months of the year, even as the broader food industry continued to grow, AzerNEWS reports.
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The price of Azerbaijan’s benchmark crude, Azeri Light crude oil, continued its upward trend on global markets, reflecting broader gains in energy prices.
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The Brazilian government on Wednesday unveiled a financing package worth 15 billion reals (approximately 2.87 billion U.S. dollars) to support strategic industries and boost export competitiveness, AzerNEWS reports, citing foreign media.
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A U.S. jury in Los Angeles on Wednesday found Meta Platforms and Google’s YouTube liable in a landmark “social media addiction” trial. The case involved a woman who claimed that her lifelong depression and anxiety were linked to compulsive use of social...
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All member states of the NATO have reached the alliance’s benchmark of allocating at least 2% of GDP to defense spending in 2025, marking a significant milestone in collective security commitments.
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Trade turnover between Azerbaijan and Russia totaled $499.9 million in January–February 2026, marking a sharp year-on-year decline of nearly 50%, AzerNEWS reports, citing data from the State Customs Committee of Azerbaijan.
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Azerbaijan increased its imports of heating, ventilation, and air conditioning (HVAC) systems from Turkiye in the first two months of the year, reflecting steady demand for climate control technologies amid ongoing urban...
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In January-February of this year, the value of goods sold and services provided to meet consumer needs in Azerbaijan amounted to 13 billion manat (≈ $7.67 billion), AzerNEWS reports citing the State Statistics Committee.
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In January–February 2026, Azerbaijan produced 5,478.6 tons of sausage products, according to the State Statistics Committee of Azerbaijan, AzerNEWS reports.
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The price of Azerbaijan’s Azeri Light crude oil rose significantly on international markets, AzerNEWS reports.
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Saudi Arabia’s non-oil exports, including re-exports, rose 22.1 percent year on year in January to SR32.57 billion ($8.68 billion), driven by trade with the UAE, India, and China, official data showed, AzerNEWS reports, citing Arab News.
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China's e-commerce sector recorded steady growth in the first two months of 2026 as digital consumption remained robust, the Ministry of Commerce (MOC) said, AzerNEWS reports, citing Xinhua.
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In January–February 2026, Azerbaijan exported 38,605 tons of persimmon worth $30.913 million, according to the State Customs Committee of Azerbaijan, AzerNEWS reports.
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The OPEC Fund for International Development has allocated more than $110 million to Azerbaijan to support infrastructure development and expand access to finance for small and medium-sized enterprises (SMEs), AzerNEWS...
A court in New Mexico has ordered Meta to pay $375 million (£279 million) for allegedly misleading users about the safety of its platforms for children, AzerNEWS reports, citing foreign media.
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In 2025, money transfers from Azerbaijan to Canada by individuals totaled $9.39 million, AzerNEWS reports, citing the Central Bank of Azerbaijan. The figure represents a decrease of...
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Azerbaijan recorded a rise in exports of ferrous metals and related products in the first two months of 2026, while imports in the same category declined slightly, AzerNEWS reports. According to data from the State Customs...
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Asphalt production in Azerbaijan declined in the first two months of 2026, despite strong growth recorded over the previous year, AzerNEWS reports.
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The price of Azerbaijan’s Azeri Light crude oil showed a slight decline on global markets, while other major benchmarks recorded modest gains. AzerNEWS reports that the price of Azeri Light on a CIF basis at the Port of Augusta...
In 2026, North Korea plans to allocate 15.8% of its total budget to defense, continuing a trend of prioritizing military expenditure, AzerNEWS reports.
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In the UK, amid escalating tensions in the Middle East, restrictions have been placed on the sale of fuel to owners of agricultural machinery, AzerNEWS reports.
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Asia continues to be the world’s primary growth engine, with its economy projected to expand by 4.5% in 2026, AzerNEWS reports, citing foreign media. According to the report “Asian Economic Outlook and Integration Progress Annual Report 2026,” the...
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Finland’s direct investment in Azerbaijan recorded a sharp increase in 2025, reflecting a notable strengthening of bilateral economic ties between the two countries.
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Germany significantly reduced its crude oil imports from Azerbaijan in January–February 2026, according to the State Customs Committee of Azerbaijan, AzerNEWS reports.
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Kazakhstan significantly increased its direct investments in Azerbaijan in 2025, reflecting strengthening economic ties between the two countries, AzerNEWS reports.
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Azerbaijan imported more than $17 million worth of sugar confectionery products from Russia in 2025, highlighting strong trade ties in the food sector between the two countries, AzerNEWS reports, citing the Agroexport Center of...
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Azerbaijan recorded a notable increase in the production of liquid vegetable oils in the first two months of 2026, AzerNEWS reports, citing the State Statistics Committee of Azerbaijan.
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Azerbaijan’s imports of furniture and related parts declined in the first two months of 2026, reflecting a contraction in demand within the sector, AzerNEWS reports.
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The price of Azerbaijan’s Azeri Light crude oil has declined significantly on international markets, reflecting a broader downturn in global oil benchmarks.
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Singapore’s core inflation rose to 1.4% year-on-year in February, up from 1.0% in January, AzerNEWS reports, citing foreign media.
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Pharmacy workers across Germany have launched a nationwide protest, calling for higher wages and improved working conditions. As part of the action, many pharmacies have temporarily closed in several regions, though emergency services remain in place to...
Several major automakers, including Honda, Bentley, Lotus, Audi, Porsche, Mercedes-Benz, Ford, Stellantis, Volvo, Rolls-Royce, Lamborghini, and Ferrari, have revised their electric vehicle (EV) strategies, either scaling back production targets or...
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Remittances from Uzbekistan to Azerbaijan saw a sharp increase in 2025, reflecting growing financial ties between the two countries, AzerNEWS reports, citing the Central Bank of Azerbaijan. Transfers made by individuals from...
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In the first two months of 2026, Azerbaijan exported 27,600 tons of cotton, valued at $41.1 million, marking a significant increase compared to the same period last year, AzerNEWS reports. According to the State Customs Committee...
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Cryptocurrency markets have experienced a decline over the past week, with the two largest digital currencies losing significant value, AzerNEWS reports. Bitcoin fell by more than...
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Investment in Azerbaijan’s information and communication sector surged in the first two months of 2026, reflecting strong growth in the country’s digital economy, AzerNEWS reports, citing the State Statistics Committee of...
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Despite the decline in absolute terms, Turkiye’s share in Azerbaijan’s total outbound remittances edged up slightly from 28.8% to 28.9%, indicating that Turkiye remains a key destination for money transfers.
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Azerbaijan saw a notable increase in construction glass production during the first two months of 2026, signaling steady growth in the country’s building materials sector, AzerNEWS reports, citing the State Statistical Committee...
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Trade turnover between Azerbaijan and Georgia reached $176.6 million in January–February 2026, marking a year-on-year increase of $28 million, or 18.9%, AzerNEWS reports, according to data from the State Customs Committee. During...
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Gold prices on the Comex division of the New York Mercantile Exchange tumbled to levels not seen since early January, signaling renewed volatility in the precious metals market, AzerNEWS reports.
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Direct investment flows between Azerbaijan and Italy saw a notable surge in 2025, reflecting deepening economic ties despite broader shifts in global capital movement, AzerNEWS reports, citing the Central Bank of...
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In today’s globalized trade environment, certification is not merely a technical requirement but a strategic asset. International standards, particularly those developed by the International Organization for Standardization, serve...
China’s economy is forecast to expand to 175 trillion yuan (approximately $25.39 trillion) by 2030, according to Prime Minister Li Qiang.
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In January 2026, Azerbaijan exported 80.1 million cubic meters of natural gas, in gaseous form, to Greece, valued at $33.7 million.
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According to data, the value of these imports amounted to $1,200. Compared to January 2025, electricity imports from Georgia increased significantly, by 14.49 thousand kWh, or 4.7 times in volume terms, and by $940, or 4.6 times in...
In 2025, direct investment from the Russian Federation into Azerbaijan amounted to $267.8 million, AzerNEWS reports, citing the Central Bank of Azerbaijan.
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In 2025, Azerbaijan invested $344.989 million in Türkiye’s economy, marking a 38.5% increase compared to 2024, AzerNEWS reports, citing the Central Bank of Azerbaijan.
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Salt production in Azerbaijan reached 18,480 tons in January–February 2026, reflecting a significant increase in output at the start of the year, AzerNEWS reports, citing the State Statistics Committee of Azerbaijan.
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In January 2026, Azerbaijan exported 290.1 million cubic meters of natural gas to Georgia, valued at 33.446 million U.S. dollars, AzerNEWS reports, citing the State Statistical Committee.
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Direct investments from Azerbaijan to Central Asian countries increased in 2025, while inflows from the region into Azerbaijan recorded a sharp rise, AzerNEWS reports.
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Trade turnover between Azerbaijan and Iran increased in the first two months of 2026, driven largely by rising imports, AzerNEWS reports.
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The volume of trade operations between Azerbaijan and China reached $779.4 million in January–February 2026, AzerNEWS reports, citing the State Customs Committee.
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Global oil prices continued their upward trajectory, with Azerbaijan’s flagship crude blend, Azeri Light, recording notable gains across key export hubs.
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Alibaba Group Holding Ltd. announced on Thursday that its revenue for the quarter ending December 31, 2025, reached 284.8 billion yuan ($40.7 billion), representing a modest 2% year-over-year increase, but falling short of analysts’ expectations,...
Oil and gas prices surged sharply after new strikes targeted energy infrastructure in the Middle East, including Qatar’s main gas facility, AzerNEWS reports, citing foreign media.
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Trade turnover between Azerbaijan and Georgia reached $214.3 million in January–February 2026, marking a slight decline compared to the same period last year, AzerNEWS reports. ccording to the National Statistics Office of Georgia,...
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Azerbaijan produced 406.6 kilograms of gold in January-February 2026, AzerNEWS reports, citing the State Statistics Committee. The figures indicate a decline of...
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Foreign investment in Azerbaijan’s economy has increased in early 2026, reflecting continued interest in both energy and non-energy sectors, AzerNEWS reports. According to the State Statistics Committee of Azerbaijan, a total...
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Azerbaijan produced 8.187 billion cubic meters of natural gas in January–February 2026, marking a steady increase in energy output, AzerNEWS reports, citing the State Statistics Committee. The figures show that gas production rose...
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The price of Azerbaijan’s Azeri Light crude oil has surged sharply on international markets, reflecting a broader upswing in global energy prices.
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Inflation in Azerbaijan is projected to reach 5.2% in 2026 and ease to 4.6% in 2027, according to updated forecasts released by ING Group, AzerNEWS reports.
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In January 2026, Azerbaijan’s transit corridors handled significant volumes of cargo across different modes of transport. As reported by AzerNEWS, citing the State Statistics Committee, a total of:
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The report shows that 62.4% of imports were transported by road, 13.6% by rail, 12.4% by sea, 10.7% by air, and 0.7% by other means. Meanwhile, 0.2% of imported goods were delivered via pipelines and electricity transmission...
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A new company, “Dongfeng-Improtex AZ Agro” LLC, has been officially registered by the State Tax Service under Azerbaijan’s Ministry of Economy, AzerNEWS reports, citing the ministry.
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Azerbaijan recorded a significant increase in polyethylene exports in the first two months of 2026, reflecting growing momentum in the country’s petrochemical sector, AzerNEWS reports. The State Customs Committee noted that...
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Kür Elektron Avadanlıqları İstehsalı MMC, a prominent Azerbaijani electronics manufacturer known for producing computers, information kiosks, and other electronic equipment since 2005, has officially ceased its independent...
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Switzerland significantly increased its investment in Azerbaijan’s economy in 2025, underscoring growing economic ties between the two countries, AzerNEWS reports, citing the Central Bank of Azerbaijan. The Bank noted that Swiss...
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The price of Azerbaijan’s Azeri Light crude oil fell at major export terminals, reflecting a broader softening in global oil markets.
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Azerbaijan exported 72.208 million kilowatt-hours of electricity in January–February 2026, AzerNEWS the State Customs Committee of Azerbaijan.
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The night sky looks different now, especially, far from city lights. At first, the change is subtle. But if you watch closely, faint lines begin to move. Tiny, steady points glide across the darkness in perfect formation. Not stars—something artificial,...
The NBA is reportedly moving closer to expansion, with team owners expected to vote next week on whether the league should formally explore adding two new franchises, AzerNEWS reports, citing foreign media.
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In 2025, Azerbaijan’s reciprocal tourism services turnover reached $3.53 billion, AzerNEWS reports, citing the Central Bank of Azerbaijan (CBA). Despite the slight decline, the tourism services sector remained in surplus, with...
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In 2025, foreign direct investment (FDI) from the Asian Development Bank (ADB) to Azerbaijan amounted to $7.355 million. As reported by AzerNEWS, citing the Central Bank of Azerbaijan, this represents a significant decrease of...
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In January-February 2026, Azerbaijan exported 4.381 billion cubic meters of natural gas, valued at $1.285 billion, AzerNEWS reports, citing the State Customs Committee. Compared to the same period last year, the export value fell...
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In 2025, Azerbaijan’s commodity exports fell by 7.4% to $24.1 billion, AzerNEWS reports, citing the Central Bank of Azerbaijan (CBA). The decline was largely driven by the oil and gas sector, which continues to dominate the...
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In 2025, foreign direct investment (FDI) from the United States to Azerbaijan reached $204.37 million, AzerNEWS reports, citing the Central Bank of Azerbaijan (CBA). This marks an important increase of $54.54 million, or ...
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Azerbaijan significantly increased its copper ore exports at the start of 2026, with volumes rising nearly fivefold compared to the same period last year. According to AzerNEWS, the country exported 9,331 tons of copper ore in...
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Azerbaijan imported 20,130 tons of butter worth $145.3 million last year, according to the State Statistics Committee of Azerbaijan, AzerNEWS reports. The data show that while the value of imports increased by 4%, the volume...
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The price of Azerbaijan’s “Azeri Light” crude oil increased slightly on international markets, reflecting broader upward trends in global energy prices, AzerNEWS reports.
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Import prices in Azerbaijan continued to rise sharply at the start of 2026, reflecting growing external inflationary pressures despite stable domestic monetary conditions. According to AzerNEWS, the import price index increased by...
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Azerbaijan exported 187,545 tons of persimmons worth $144.2 million last year, marking a significant increase in both value and volume, AzerNEWS reports, citing the State Statistics Committee.
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The middle of March is set to deliver a flood of corporate earnings, offering a critical snapshot of the health of global consumer and technology sectors. Investors and analysts will be closely watching results to gauge economic resilience amid ongoing...
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The total number of registered taxpayers in Azerbaijan reached 1,690,311 as of March 1, 2026, according to official data.
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Prices of gold futures fell on global commodities markets, reflecting a decline in investor demand during the latest trading session. AzerNEWS reports that the price of gold futures for April 2026 delivery dropped by...
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Citizens of Azerbaijan purchased 60 residential properties in Türkiye in February 2026, ranking as the seventh-largest group of foreign homebuyers in the country during the month.
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The number of registered commercial entities reached 206,250, a 6.9% increase from the previous year. In February 2026 alone, 1,163 commercial entities completed state registration, with 91.1% locally invested and 8.9%...
In the first two months of 2026, Azerbaijan imported clothing worth $9.466 million from Turkiye, AzerNEWS reports, citing the Turkish Exporters Assembly.
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In 2025, the number of e-commerce transactions in Azerbaijan rose 43.4% year-on-year to 1.5 billion, while the total value increased 29.8% to AZN 86.4 billion, AzerNEWS reports, citing the Central Bank of Azerbaijan.
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In January–February of this year, Azerbaijan imported $19.052 million worth of steel from Turkiye, Azernews reports, citing the Turkish Exporters Assembly.
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The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta Port increased by $3.52, or 3.33 percent, compared to the previous indicator, reaching $109.10 per barrel, AzerNEWS reports.
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Azerbaijan continues to steadily increase its influence both in the region and across the world. What was once largely rhetorical has now become a reality confirmed by statistical data.
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"Baku Metro" OJSC generated 167.7 million manat in revenue last year, AzerNEWS informs, citing the Cabinet of Ministers’ 2025 activity report. The report notes that this figure represents a ....
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Consumer prices in Azerbaijan increased by 5.7% in February 2026 compared to the same month in 2025. As reported by AzerNEWS, citing the State Statistics Committee of Azerbaijan, the rise was mainly driven by higher prices for food...
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Trade turnover between Azerbaijan and Afghanistan increased sharply at the beginning of 2026, according to the State Statistics Committee of Azerbaijan, AzerNEWS reports. In January 2026, the total volume of trade turnover between...
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The price of Azerbaijan’s Azeri Light crude oil rose sharply at Italy’s Augusta Port, reaching $105.58 per barrel on a CIF basis, AzerNEWS reports. The price increased by $10.15, or 10.6%, compared to the previous level.
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Tokyo stocks fell on Thursday, pressured by rising oil futures after the International Energy Agency’s (IEA) largest-ever oil stock release failed to fully calm investors’ concerns over global oil supply, AzerNEWS reports, citing foreign media.
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The Center for Analysis of Economic Reforms and Communication (CAERC) has released preliminary indicators for the March 2026 edition of its “Export Review,” AzerNEWS reports. Azerbaijan’s non-oil sector exports totaled USD 580.7...
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In the first two months of 2026, Azerbaijan’s gross domestic product (GDP) reached AZN 18.473 billion, marking a modest 0.3% increase compared to the same period last year, AzerNEWS reports, citing the State Statistics Committee....
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In January 2026, daily oil exports through the Baku–Tbilisi–Ceyhan pipeline averaged 523,000 barrels per day, AzerNEWS reports. Compared to December 2025, oil transportation through the pipeline decreased by 7 percent, or...
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The price of Azerbaijan’s flagship crude grade, Azeri Light crude oil, increased significantly in global energy markets.
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Porsche AG reported on Wednesday that its sales revenue reached €36.3 billion in 2025, marking a 9% decline compared to 2024, AzerNEWS reports, citing foreign media.
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Vietnam’s export revenue from agro-forestry-fishery products could drop by billions of U.S. dollars if tensions in the Middle East persist, the Vietnam News Agency reported on Wednesday, AzerNEWS reports.
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Samsung Electronics named Google among its top five customers for the first time in 2025, highlighting how the rapid expansion of global AI infrastructure is increasingly dependent on advanced memory chips, AzerNEWS reports, citing Korean media.
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Azerbaijan significantly increased its investment in the Georgian economy last year, AzerNEWS reports, citing the National Statistics Office of Georgia. According to the statistics, Azerbaijan invested...
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Azerbaijan’s exports of margarine declined significantly last year, AzerNEWS reports, citing the State Statistical Committee of Azerbaijan. The committee noted that Azerbaijan exported 974.4 tons of margarine (excluding liquid...
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The price of Azerbaijan’s Azeri Light crude oil has dropped sharply on international markets.
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Volkswagen announced in its fourth-quarter 2025 press release on Tuesday that it plans to reduce its workforce in Germany by around 50,000 jobs by 2030 as part of a major restructuring program, AzerNEWS reports, citing foreign media.
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The Asian Development Bank (ADB) on Tuesday announced a $150 million loan to Indonesian cable TV and high-speed broadband provider PT Link Net Tbk (Linknet) to strengthen the country’s digital infrastructure and improve broadband services, AzerNEWS...
Egypt raised domestic fuel prices on Tuesday, citing exceptional conditions in global energy markets, the country’s Ministry of Petroleum and Mineral Resources said, AzerNEWS reports, citing foreign media.
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Mercedes-Benz has been fined 11.24 billion won ($7.65 million) for allegedly misleading consumers by concealing the true manufacturer of batteries used in its electric vehicles (EVs) and suggesting they were made by China’s CATL, the world’s largest...
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The volume of loans issued by banks and non-bank financial institutions to Azerbaijan’s mining and utilities sectors reached 666.2 million manats as of February 1 this year, AzerNEWS reports, citing the Central Bank of Azerbaijan...
A sharp increase in China’s oil imports earlier this year helped the country strengthen its strategic reserves amid rising tensions in the Middle East and growing risks to global energy supplies, AzerNEWS reports.
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Azerbaijan’s state budget execution maintained a positive trend in January–February 2026, with revenues exceeding forecasts and spending remaining largely on track, AzerNEWS reports, citing the Ministry of Finance of...
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Work has begun to improve electricity supply in several settlements of the Khojali District, AzerNEWS reports, citing the State Procurement Unified Internet Portal.
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The average monthly nominal wage of employees in Baku reached 1,381 manat ($812) in 2025, AzerNEWS reports, citing the Baku City Statistics Department. According to the data, the figure represents an increase of 8.6% compared to...
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The total value of goods produced and services provided in Baku’s industrial sector reached 3.6 billion manats in January this year, AzerNEWS reports. The report indicates that 70% of industrial production came from the mining...
Georgia’s international reserves reached a record high in February, rising by $358.9 million compared with January 2026, AzerNEWS reports, citing the National Bank of Georgia.
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The ongoing conflict between Iran and the United States, and Israel has driven up global petroleum prices, with a direct impact on aviation fuel costs and airfare expected to go up in the coming days, AzerNEWS reports, citing Tribune.
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Germany’s industrial production fell by 0.5% in January compared with the previous month, according to a report released on Monday by the Federal Statistical Office of Germany (Destatis). On an annual basis, total output declined by 1.2% after calendar...
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Azerbaijan received 35,616 tourists from Asian countries in January 2026, marking an 11.7% decrease compared to the same period last year, AzerNEWS reports.
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In January 2026, cigarette production in Azerbaijan reached 1.194 billion units, marking a 38.1% increase compared to the same period in 2025, AzerNEWS reports, citing the State Statistical Committee of Azerbaijan.
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The US labor market showed signs of strain last month, with payrolls falling by 92,000 and the unemployment rate rising to 4.4%, AzerNEWS reports, citing foreign media.
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As of February 1, the business loan portfolio of Azerbaijan’s banks allocated to the trade sector totaled 4.136 billion manats.
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The value of trade turnover between Azerbaijan and the countries of the Commonwealth of Independent States (CIS) amounted to $392.2 million in January 2026.
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The price of Azerbaijani Azeri Light crude oil on a CIF basis at the Port of Augusta increased by $6.72 or 7.64% compared to the previous indicator, reaching $94.62 per barrel, AzerNEWS reports.
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South Korea’s consumer prices increased by 2.0% in February compared with a year earlier, according to Statistics Korea, which released the data on Friday, AzerNEWS reports, citing foreign media.
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Vietnam’s tourism sector welcomed nearly 4.7 million international visitors in the first two months of 2026, marking an 18.1% increase compared to the same period last year, according to data released Friday by the National Statistics Office, AzerNEWS...
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Visitor numbers from Central Asian countries to Azerbaijan have continued to rise overall, according to figures released by the State Tourism Agency of the Republic of Azerbaijan and regional tourism data, AzerNEWS reports.
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More than 3 billion manats in taxes were transferred to Azerbaijan’s state budget through the State Tax Service under the Ministry of Economy during January–February 2026, exceeding the forecast by 79.4 million manats.
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The price of gold increased on the COMEX commodity exchange in New York City, with one troy ounce rising by $49.3 to reach $5,128.2.
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The price of Azeri Light crude delivered on a CIF basis at the port of Augusta Port increased by $5.61, or 6.82 percent, reaching $87.90 per barrel compared with the previous trading session, AzerNEWS reports.
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Volkswagen Group (VW) announced on Thursday that its cumulative deliveries of all-electric vehicles (EVs) have reached a historic milestone of 4 million units, just 13 years after the company launched its first electric series in 2013, AzerNEWS reports,...
Spanish launch startup PLD Space has raised €180 million ($209 million) in its latest funding round as it prepares for the inaugural flight of its next-generation rocket, Miura 5, AzerNEWS reports, citing foreign media.
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Google has announced that it will lower in-app payment fees for developers on its app marketplace Google Play and allow more third-party payment options. The move could significantly improve profits for content companies that have long complained about...
Spain’s seasonally and calendar-adjusted industrial production rose by 0.3% in January compared to the same month a year earlier, according to a report released Thursday by the country’s statistical office, Instituto Nacional de Estadística (INE),...
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The Dutch banking group ING Group has released an updated forecast for Azerbaijan’s economic growth, projecting a gradual increase in the country’s gross domestic product (GDP) through 2027.
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Artificial intelligence could generate nearly 70 billion manats in additional value for the economy of Azerbaijan by 2040, according to Fariz Jafarov, executive director of the Center for Analysis and Coordination of the Fourth...
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Compared with 2018, tax revenues have increased 2.2 times overall, including a 2.4-fold rise in the non-oil and gas sector.
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Azerbaijan’s state oil company SOCAR has completed the Front End Engineering Design (FEED) phase for a gas distribution network project in the Bulgarian city of Panagyurishte, developed jointly with Asarel Group.
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A new batch of fuel and fertilizer shipments is being transported to Armenia through Azerbaijan as part of ongoing regional trade activities.
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Precious metals advanced sharply on Wednesday, with gold climbing back above the $5,200 mark as investors returned to safe-haven assets amid continued volatility linked to tensions in the Middle East, AzerNEWS reports.
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More than 270 development projects have been implemented in northern Afghanistan’s Kunduz province over the past year, AzerNEWS reports, citing foreign media.
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Asian stock markets extended their losses for a third consecutive day on Wednesday, while oil prices climbed sharply amid fears that the escalating conflict between the United States, Israel, and Iran could turn into a prolonged war, triggering an energy...
Over the next seven years, Turkiye plans to invest up to $20 billion in energy efficiency initiatives, aiming to reduce national energy consumption by approximately 15 percent, AzerNEWS reports.
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Trade between Azerbaijan and Bulgaria gained notable momentum in January, driven largely by a surge in Azerbaijani exports, AzerNEWS reports, citing the State Customs Committee.
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The total volume of loans issued to households by banks and non-bank credit institutions in Azerbaijan reached AZN 19.1 billion as of February 1 this year, AzerNEWS reports, citing the Central Bank of Azerbaijan (CBA).
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Georgia transported 13.3 million tons of cargo by rail last year, AzerNEWS reports, citing the latest report from the National Statistics Office of Georgia.
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A business meeting was held between the “Azexport” portal and saffron producer “Absheron Saffron” to strengthen cooperation in promoting Azerbaijani saffron products abroad, AzerNEWS reports.
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In January of this year, “Azerpambiq Agrarian Industrial Complex” LLC exported products worth $2.7 million, the February issue of the Export Review published by the Center for Analysis of Economic Reforms and Communication shows,...
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Other state-owned companies participating in non-oil export activities include SOCAR Polymer, AzerGold, Azəralüminium, SOCAR’s Gas Export Department, Azərpambıq Aqrar Sənaye Kompleksi, SOCAR-DALĞIC, Azərbaycan Dəmir Yolları, the...
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In January and February 2026, a total of AZN 25,046,600 was refunded from the state budget to individuals and legal entities, AzerNEWS reports, citing the Ministry of Finance of the Republic of Azerbaijan.
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In January of this year, Azerbaijan exported more than 10.9 thousand tons of apples worth approximately $8.2 million, according to the State Customs Committee, AzerNEWS reports.
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Azerbaijan exported urea worth $14.2 million in January this year, AzerNEWS reports, citing the latest Export Review published by the Center for Analysis of Economic Reforms and Communication (CAERC).
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European gas prices surged sharply following US and Israeli military operations targeting Iran. The situation escalated after Iranian strikes prompted Qatar to halt production at the world’s largest liquefied natural gas (LNG) facility, AzerNEWS...
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Azerbaijan International Mining Company Limited (AIMKL), a subsidiary of Anglo Asian Mining PLC, sold $29.3 million worth of metal abroad in January 2026, AzerNEWS reports with reference to the State Customs Committee of...
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The rise in reserves reflects continued stability in Azerbaijan’s monetary position, strengthening the Central Bank’s capacity to maintain exchange rate stability and cushion potential external shocks
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The price of Azerbaijan’s Azeri Light crude rose sharply at Italy’s Port of Augusta, increasing by $6.85, or 9.4 percent, compared to the previous figure to reach $79.60 per barrel on a CIF basis, AzerNEWS reports.
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Last year, cases of vandalism targeting trains and railway infrastructure surged in Germany, with graffiti alone causing an estimated €12 million in damages annually, AzerNEWS reports.
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The conflict in the Middle East has emerged as a major concern for investors, who fear a potential power struggle in Iran and a protracted regional war, with consequences rippling through global trade, energy markets, and inflation, AzerNEWS...
Korea’s leading battery makers are accelerating their expansion into artificial intelligence data centers, robotics, and other high-tech applications, aiming to offset a prolonged slowdown in electric vehicle demand by entering fast-growing new sectors,...
The German environmental organization Deutsche Umwelthilfe is calling for a ban on the sale of cars with internal combustion engines by BMW and Mercedes-Benz starting in 2030. To achieve this, the organization has filed climate lawsuits with the...
Italy's GDP grew by 0.5% in volume in 2025 with respect to the previous year, while its deficit-to-GDP ratio fell to 3.1% last year from 3.4% in 2024, Istat said on Monday, AzerNEWS reports, citing ANSA.
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European gas prices have surged sharply amid escalating tensions in the Middle East. AzerNEWS reports that after Iranian attacks, one of the world’s leading liquefied natural gas (LNG) exporters, QatarEnergy, announced that it had...
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Real GDP growth in Azerbaijan is expected to reach around 1.7% in 2026, according to forecasts by S&P Global Ratings, AzerNEWS reports.
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The World Bank has announced a new date for approving financing for a large-scale environmental initiative titled “Restoring the Caspian Sea Ecosystem: Building Capacity for Pollution Management and Biodiversity Conservation,”...
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President of the State Oil Company of Azerbaijan (SOCAR), Rovshan Najaf, has met with bp’s Executive Vice President for Production and Operations, Gordon Birrell, SOCAR said in a statement, AzerNEWS reports.
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In January 2026, the volume of trade between Azerbaijan and Israel amounted to $4.202 million, according to the State Customs Committee, AzerNEWS reports.
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Inflation in Germany has eased to the European Central Bank’s target level, according to newly released official data, AzerNEWS reports.
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Google has paid $1 billion to Form Energy, a company developing 100-hour battery technology, as part of plans to power a new data center in Minnesota with long-duration energy storage, AzerNEWS reports.
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China registered an average of 26,000 newly established enterprises per day in 2025, official data showed on Saturday, AzerNEWS reports, citing Xinhua.
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In January 2026, life insurance companies in Azerbaijan collected 61.29 million manat in premiums, marking a 1% decrease compared to the same period in 2025, AzerNEWS reports, citing the Central Bank of Azerbaijan.
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The price of Azerbaijan’s flagship crude, Azeri Light, recorded a slight decline at key Mediterranean and Turkish ports, AzerNEWS reports.
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The figures highlight a niche but growing segment of Azerbaijan’s non-oil exports, particularly in agricultural and specialty food products aimed at European consumers.
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The American streaming giant Netflix has withdrawn from negotiations to acquire part of the assets of Hollywood media conglomerate Warner Bros. Discovery (WBD), effectively clearing the path for WBD’s potential merger with Paramount Skydance (PS),...
Wizz Air Holdings Plc. saw its shares drop more than 8% on the London Stock Exchange on Friday, after investment funds managed by Indigo Partners LLC, the airline’s largest shareholder, sold a 10% stake in the carrier, AzerNEWS reports, citing foreign...
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In January this year, transactions carried out through Azerbaijan’s Instant Payment System (IPS) totaled 311.6 million manats in value and 2.1 million in number.
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Azerbaijan saw an increase in clothing production in January this year, with a total output valued at 19.8 million Azerbaijani manats, AzerNEWS reports, citing the State Statistical Committee.
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Azerbaijan’s total imports in January 2026 fell sharply compared to the previous year, declining by 750.2 million USD, or 36.6%, to reach 1.302 billion USD, AzerNEWS reports, citing the State Customs Committee.
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As of February 1, 2026, loans extended by banks and non-bank financial institutions in Azerbaijan to the transport and communication sector totaled ₼2.172 billion (≈$1.28B), AzerNEWS reports, citing the Central Bank of Azerbaijan...
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The United States Army has reportedly ordered Switchblade attack drones from AeroVironment, Inc. in a deal valued at $185 million, AzerNEWS reports, citing foreign media.
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Nvidia Corporation reported blockbuster financial results for the fourth quarter of fiscal year 2026 on Wednesday, with revenue soaring 73% year-on-year to $68.1 billion, surpassing market expectations, AzerNEWS reports.
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As of February 1 this year, the net foreign assets of banks in Azerbaijan amounted to 26.648 billion manat (approximately 15.7 billion US dollars), AzerNEWS reports. According to the Central Bank of the Republic of Azerbaijan...
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In January of this year, the volume of trade transactions between Azerbaijan and Greece amounted to 55.1 million US dollars, AzerNEWS reports. According to data from the State Customs Committee of Azerbaijan, the figure...
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The European Bank for Reconstruction and Development (EBRD) forecasts that Azerbaijan’s real gross domestic product (GDP) will grow by 2% in 2026 and by 2.5% year-on-year in 2027. As reported by AzerNEWS, citing the bank, economic...
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Representatives of Uzbekneftegaz and the State Oil Company of the Azerbaijan Republic (SOCAR) have discussed expanding cooperation aimed at improving the efficiency of the Bukhara Oil Refinery. The parties reviewed proposals on...
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The price of Azerbaijan’s Azeri Light crude fell at Italy’s Augusta Port, declining by $0.51, or 0.71 percent, to $71.46 per barrel on a CIF basis compared with the previous session, AzerNEWS reports.
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According to government data released on Wednesday, South Korea’s birth rate increased for the second year in a row in 2025, signaling a potential turnaround in the country’s long-standing demographic challenges, AzerNEWS reports.
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The report highlights that this trend will support increased lending, preserve asset quality in the banking sector, and sustain profitability. By diversifying beyond hydrocarbons, Azerbaijan’s economy is expected to strengthen its...
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In January of this year, compulsory insurance premiums in Azerbaijan totaled 20.148 million manats.
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The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port has fallen by $1.34, or 1.83%, from the previous level, settling at $71.97 per barrel on a CIF basis, AzerNEWS reports.
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Volvo Cars is recalling 40,323 EX30 SUV electric vehicles due to the risk of battery overheating, AzerNEWS reports.
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US President Donald Trump has announced new global import duties of 10%, revising the 15% tariffs he had announced over the weekend, AzerNEWS reports.
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Warner Bros. Discovery, Inc. is preparing to inform investors that it will review a new takeover bid from Paramount Skydance Corp., while continuing to endorse its existing agreement with Netflix, according to a report by Variety citing sources familiar...
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Azerbaijan plans to launch 16 new enterprises in its industrial zones in 2026, while construction of two additional facilities is also scheduled to begin.
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Foreign investments in the economy of Azerbaijan increased significantly at the start of 2026, according to the State Statistics Committee, AzerNEWS reports. In January 2026, a total of...
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In January 2026, Azerbaijan imported 3,332 tons of meat valued at $8.21 million, AzerNEWS reports, citing the State Customs Committee.
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At Italy’s Augusta Port, the price of Azerbaijan’s “Azeri Light” crude oil on a CIF (Cost, Insurance and Freight) basis increased by $1.11, or 1.54 percent, compared to the previous figure, reaching $73.31 per barrel, AzerNEWS...
Leclanché SA’s stock surged 30% on Monday after the Swiss energy company announced it had secured 16.7 million Swiss francs in funding to cover short-term obligations and operational needs, AzerNEWS reports, citing foreign media.
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Azerbaijan’s unemployment rate remained unchanged at 5.2% as of 1 February 2026, according to preliminary data from the State Statistics Committee, suggesting a labour market that has stabilised but not necessarily...
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Azerbaijan’s unemployment rate remained unchanged at 5.2% as of 1 February 2026, according to preliminary data from the State Statistics Committee, suggesting a labour market that has stabilised but not necessarily...
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Trade turnover between Azerbaijan and Iran totaled $57.132 million in January, marking a 2.1% increase compared to the same period in 2025, AzerNEWS reports, citing Azerbaijan’s State Customs Committee. The figure represents an...
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Automotive fuel production at the oil refinery in Azerbaijan has decreased again, according to preliminary data from the State Statistics Committee, AzerNEWS reports. In January 2026, gasoline output totaled...
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In January this year, Azerbaijan exported 45,800 tons of fertilizers worth $14.3 million, AzerNEWS reports, according to the State Customs Committee.
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Azerbaijan produced 47,500 tons of white oil in January 2026, AzerNEWS reports, citing the State Statistical Committee.
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In January 2026, Azerbaijan generated 133.4 million kWh of electricity from hydropower plants, according to the State Statistical Committee of Azerbaijan, AzerNEWS reports.
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In January 2026, Azerbaijan produced 193,400 tons of diesel fuel, according to the State Statistical Committee of Azerbaijan, AzerNEWS reports.
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Solar power stations also contributed significantly, producing 18.5 million kWh of electricity, up 2.5 million kWh, or 15.6%, from the same period last year.
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Data shows that 78.1% of total turnover came from retail trade, 18.7% from paid services provided to the population, and 3.2% from public catering.
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Hungary’s MOL Group increased its crude oil production from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) block to 15,200 boepd in the fourth quarter of 2025, up 16% from 13,100 boepd in Q4 2024, AzerNEWS reports citing the company’s...
Producer prices in Germany fell by 3% in January compared to the same month last year, according to a report released Friday by the country’s statistical office, Destatis. On a monthly basis, producer prices declined 0.6% compared to December 2025,...
Amazon has overtaken Walmart to claim the top spot in the global ranking of companies by sales, AzerNEWS reports.
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Fitch Solutions has forecast that the Central Bank of Azerbaijan will maintain a prudent monetary policy in 2026, gradually reducing the key interest rate from the current 6.5% to 6% by year-end, AzerNEWS reports.
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Azerbaijan’s trade turnover with Turkiye amounted to $431.7 million in January 2026, AzerNEWS reports, citing the State Customs Committee.
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Azerbaijan welcomed 181,637 foreign visitors in January 2026, marking a 5% increase, or 8,984 more travelers compared to the same month in 2025, AzerNEWS reports, citing the State Tourism Agency.
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The International Monetary Fund (IMF) forecasts that Azerbaijan’s oil and gas prices will remain relatively low and stable through the end of the decade, AzerNEWS reports, citing the Fund. According to projections, the country’s...
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In January 2026, the trade turnover between Azerbaijan and Romania totaled $100.966 million, AzerNEWS reports, citing the State Customs Committee. This represents a decrease of $14.038 million, or 12.2%, compared to the same month...
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The International Monetary Fund (IMF) forecasts that Azerbaijan’s public sector debt will remain at a low and sustainable level through 2031, with a gradual downward trend expected in the coming years, AzerNEWS reports, citing the...
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The price of Azerbaijan’s flagship crude grade, Azeri Light, rose sharply in international markets, according to a source in the oil sector.
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Renault Group announced on Thursday that its full-year revenue for 2025 reached €57.9 billion, marking a 3% increase compared with 2024, AzerNEWS reports, citing foreign media.
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In January of this year, Azerbaijan’s trade turnover with Russia totaled $244.9 million, AzerNEWS reports, citing the State Customs Committee. This marks a sharp decline of...
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In 2025, Azerbaijan exported 1.931 billion cubic meters (bcm) of natural gas to Bulgaria, valued at $688.8 million. As reported by AzerNEWS, citing the State Statistical Committee of Azerbaijan, this marks an increase of...
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In 2025, Azerbaijan imported crude oil and petroleum products derived from bituminous minerals worth $698.8 million from Russia, totaling 1.527 million tons, AzerNEWS reports, citing the State Statistical Committee. According to...
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The price of Azerbaijan’s Azeri Light crude oil has increased significantly at major export terminals, reflecting broader upward trends in global energy markets.
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Thailand's industrial confidence showed improvement in January, driven by accelerated production to meet demand for the Chinese New Year and a surge in tourism during the high season, according to data released on Wednesday, AzerNEWS reports, citing...
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In January 2026, Azerbaijan exported 12,142 tons of tomatoes worth $13.648 million, AzerNEWS reports, citing the latest monthly report by the State Customs Committee of Azerbaijan. The figures mark a decline compared to January...
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Trade turnover between Azerbaijan and China amounted to $417.8 million in January this year, AzerNEWS reports, citing data from the State Customs Committee.
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In 2025, Azerbaijan exported 594.193 million kilowatt-hours (kWh) of electricity to Türkiye, AzerNEWS reports.
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Revenues and profitability in Azerbaijan’s hotel sector declined in 2025 following sustained growth in previous years, official data shows, AzerNEWS reports.
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Azerbaijan plans to roll out a new artificial intelligence–based application later this year, according to Fariz Jafarov, Executive Director of the Center for Analysis and Coordination of the Fourth Industrial Revolution (4SIM),...
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Azerbaijan has succeeded in strengthening fiscal discipline in the management of its natural resources, AzerNEWS reports, citing the European Bank for Reconstruction and Development (EBRD).
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A total of 157 million tons of oil have been produced from the platform since it was commissioned, AzerNEWS reports, citing the Azerbaijan’s Energy Ministry.
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The UK unemployment rate rose to 5.2% in the final three months of 2025, marking its highest level since 2015, excluding the pandemic period. At the same time, wage growth continued to slow, signaling a cooling labor market, AzerNEWS reports.
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Apple Inc. is reportedly preparing to launch a new, more affordable MacBook powered by its proprietary A18 Pro chip. The device is expected to be unveiled in March and could help the company expand its market share by offering a lower entry price into...
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In January 2026, Azerbaijan transported 95,800 tons of cargo worth $171.5 million via maritime routes, AzerNEWS reports, citing the State Customs Committee. Compared to the same period last year, the value of maritime shipments...
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The public legal entity “Administration of Buildings Under Construction” has announced a major water and sewerage project in Aghdam, with an estimated cost of 19.1 million Azerbaijani manat.
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In 2025, Azerbaijan exported 134.2 million cubic meters of natural gas to Iran worth $9.032 million, AzerNEWS reports, citing the State Statistical Committee.
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Azerbaijan’s foreign trade turnover saw a 29 per cent decrease in January 2026 compared to the same period last year, AzerNEWS reports, citing the State Customs Committee.
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The price of Azerbaijan’s flagship “Azeri Light” crude rose in key export hubs, reflecting broader gains in global oil markets, AzerNEWS reports.
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Japan's seasonally adjusted industrial production index fell slightly by 0.1% month-on-month to 101.8 in December, according to a revised report released Monday by the Ministry of Economy, Trade and Industry (METI), AzerNEWS reports, citing foreign...
Recently, dermatology clinics in South Korea have seen a sharp rise in Chinese clients, actively attracting them through Chinese social media platforms, AzerNEWS reports.
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Warner Bros. Discovery is reportedly considering resuming negotiations with Paramount Global, after Paramount unveiled an updated and improved offer last week, AzerNEWS reports.
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In 2025, Azerbaijan imported 638.4 tons of mutton worth $3.3 million, marking a significant year-on-year increase, AzerNEWS reports, citing the State Statistical Committee of Azerbaijan. Compared to 2024, the value of mutton...
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In January 2026, gross domestic product (GDP) production in the Nakhchivan Autonomous Republic amounted to 113,805.1 thousand manats (about $66.9 million), a 1.6 per cent increase compared with January 2025, AzerNEWS...
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In 2025, the volume of cargo transported through Azerbaijan’s major transport corridors reached 32.6 million tons. According to an official report, rail transport accounted for 14.3 million tons, road transport moved 11.1...
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As of February 1, 2026, Azerbaijan had 1,682,901 registered taxpayers, marking a 4.9% increase compared to the same date last year, AzerNEWS reports, citing the State Tax Service. Of these taxpayers, 86.8% are individuals...
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Azerbaijan imported 57,475 kilograms of gold worth $6.2648 billion last year, AzerNEWS reports, citing the State Statistical Committee of Azerbaijan.
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The gas-fired thermal power plant planned near the Serbian city of Niš will become the first major joint project of the State Oil Company of Azerbaijan (SOCAR) in Serbia, with work on the project already under way, AzerNEWS...
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Average prices for Azeri Light CIF, Azeri Light FOB Ceyhan, Urals and Dated Brent crude oil increased over the past week, AzerNEWS reports.
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The International Monetary Fund (IMF) has hailed the Turkish government’s policy measures aimed at curbing inflation as effective, AzerNEWS informs.
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Iran’s non-oil exports to Azerbaijan fell in both value and volume during the first 10 months of the current Iranian year (March 21, 2025–January 20, 2026) compared to the same period last year (March 20, 2024–January 19, 2025), AzerNEWS reports, citing...
International rating agency S&P Global Ratings has affirmed the long-term and short-term credit ratings of Azerbaijan Business Development Fund (ABIF) JSC at BB/B, assigning a stable outlook, AzerNEWS reports.
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The Gulabird small hydropower plant (SHPP), located on the Hakari River in Azerbaijan’s Lachin district, has generated 87.7 million kilowatt-hours of electricity from the date of its commissioning through February 1 this year.
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The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port decreased by $0.46, or 0.66 percent, compared to the previous figure, reaching $69.57 per barrel on a CIF basis, AzerNEWS reports.
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Shares of the American social media company Pinterest Inc. plunged more than 18% on Thursday following its latest earnings report, which fell short of market expectations. In the fourth quarter of fiscal 2025, Pinterest reported revenue of $1.32 billion...
Kyrgyzstan and Tajikistan plan to increase their bilateral trade turnover to $500 million, AzerNEWS reports.
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International rating agency S&P Global Ratings has revised its outlook on PASHA Bank from stable to positive, signaling improved expectations regarding the bank’s financial performance and operating environment.
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Hungary has expressed interest in participating in the restoration of Azerbaijan’s liberated territories and expanding cooperation in the field of green energy, AzerNEWS reports, citing Azerbaijan’s Energy Ministry. The issue was...
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In 2025, bp and its partners invested approximately $3.4 billion in Azerbaijan’s Shah Deniz gas field, including $2.315 billion in operating expenditure and $1.087 billion in capital spending, largely directed toward the continued...
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The price of Azerbaijan’s Azeri Light crude declined in key export terminals, reflecting broader weakness across global oil markets.
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In 2025, German automaker Mercedes-Benz saw its net profit nearly halve compared to the previous year, AzerNEWS reports.
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In 2025, oil and gas production from the Azeri-Chirag-Gunashli (ACG) fields and the Shah Deniz gas-condensate field continued to be transported via subsea pipelines to the Sangachal terminal, Azerbaijan’s primary oil and gas export...
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In 2025, approximately $131 million was spent on operating expenses for the Baku‑Tbilisi‑Ceyhan (BTC) oil pipeline and about $98 million on capital expenditures, marking a 10.3 percent decrease in operating costs and roughly a...
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In 2025, bp and its co-venturers invested approximately $564 million in operating expenditures and around $1.288 billion in capital expenditures at the Azeri-Chirag-Gunashli (ACG) oil field, AzerNEWS reports, citing the company....
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In 2025, Azerbaijan’s total trade turnover with Austria increased significantly compared with the previous year, surpassing $232 million (a reported rise of more than 68 percent compared with 2024), Azernews reports.
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A total of 14.6 million AZN was disbursed in January 2026 from mandatory state social insurance contributions to fund various benefits, AzerNEWs reports, citing the State Social Protection Fund (SSPF).
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Dubai International Airport (DXB) set a new record for annual passenger traffic in 2025, welcoming 95.2 million travelers - a 3.1% increase compared with the previous year. The milestone further strengthens the airport’s position as one of the world’s...
Shares of Harley-Davidson dropped 11% after the company reported an unexpected decline in motorcycle shipments, surprising investors and analysts alike, AzerNEWS reports.
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Siemens Energy released its first-quarter fiscal 2026 results on Wednesday, reporting a 13% year-over-year increase in revenue, which reached €9.7 billion, AzerNEWS reports, citing foreign media.
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Ford Motor Company reported a net loss of $11.1 billion in the fourth quarter of last year, compared with a net profit of $1.8 billion during the same period in 2024. The sharp decline highlights the ongoing challenges the automaker faces amid...
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Azerbaijan produced 4.912 million tons of gas condensate in 2025, marking a decline of 373,000 tons, or 7.1%, compared to 2024, AzerNEWS reports, citing the State Statistics Committee.
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This steady growth reflects ongoing diversification in Azerbaijan’s economy, with non-oil sectors increasingly contributing to overall output, signaling progress toward a more balanced and resilient economic structure. The oil and...
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Azerbaijan’s non-oil exports increased by 9% year-on-year in January 2026, reaching $268.4 million, AzerNEWS reports, citing the February edition of the Export Review published by the Center for Analysis of Economic Reforms and...
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bp has announced the sale of a 10% stake in Shafag Jabrayil Solar Limited (SJSL) to Hungary’s state-owned energy company, MVM Energetika Zrt. (MVM). Following the deal, the shareholding structure of the...
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Industrial enterprises and individual entrepreneurs in Azerbaijan produced industrial goods worth ₼4.7 billion ($2.76 billion) in January 2026, marking a 2.5 percent increase compared to the same month last year. Citing the State...
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In January this year, investment in fixed capital in Azerbaijan reached ₼1 billion 405.9 million ($827.0 million), marking a sharp 75.6 percent increase compared to the same period last year, AzerNEWS reports, citing the State...
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Azerbaijan exported goods worth $16.994 billion to European Union (EU) member states in 2025, marking an increase of $132.346 million, or 0.8 percent, compared to 2024, AzerNEWS reports, citing the State Customs Committee. The...
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The price of Azerbaijan’s “Azeri Light” crude oil declined slightly at key export terminals, AzerNEWS reports.
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US-listed shares of Swedish audio streaming giant Spotify Technology S.A. jumped more than 12% on Tuesday following the release of its fourth-quarter earnings report for fiscal 2025. The report revealed that monthly active users (MAU) grew 11%...
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A new state institution dedicated to food safety is being established in Uzbekistan, which will draw extensively from the experience of the Food Safety Agency of the Republic of Azerbaijan (FSAA), Azernews reports.
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In January 2026, the State Tax Service under the Ministry of Economy of the Nakhchivan Autonomous Republic collected over 17.6 million AZN in taxes, marking a 7.3% increase (1.2 million AZN) compared to the same period last year,...
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The law regulating the acquisition of investments by the state in Azerbaijan is set to be amended.
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In January 2026, Azerbaijan imported $8.105 million worth of furniture, paper and forest products from Türkiye, according to the Turkish Exporters’ Assembly, cited by AzerNEWS.
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Azerbaijan exported 172,900 tons of tomatoes worth $192.5 million in 2025, marking a solid increase in both value and volume and underscoring the growing strength of the country’s non-oil economy, Azernews reports, citing the...
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The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port increased on a CIF basis, rising by $0.51, or 0.72 percent, compared to the previous level to reach $71.21 per barrel.
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The European Commission announced on Monday that it is investing €700 million in the development of ultra-advanced semiconductors under the EU Chips Act, through the Belgian research company imec and its NanoIC project—a €2.5 billion pilot line, AzerNEWS...
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China’s State Administration of Foreign Exchange (SAFE) has released its latest data on the country’s foreign exchange reserves, showing a notable increase for January 2026.
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As of January 1, 2026, the foreign liabilities of Azerbaijani banks reached ₼3.2618 billion (≈ $1.92 billion), AzerNEWS reports, citing data from the Central Bank of Azerbaijan. The figures show that the banking sector’s foreign...
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So far, 32 businesses have been granted resident status at the Aghdam Industrial Park, while five entrepreneurs have received non-resident status, Azernews reports, citing the Economic Zones Development Agency under the Ministry...
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The International Monetary Fund (IMF) forecasts that Azerbaijan’s non-oil economy will grow by around 4% in 2026, Azernews reports.
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Oil prices edged higher on global markets, supported by modest gains in both London and New York trading. According to AzerNEWS, Brent crude, the international benchmark, rose by...
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The increase follows recent volatility in global markets, as investors closely monitor safe-haven assets amid ongoing economic uncertainty and shifts in monetary policy expectations. Silver also registered gains, with the price...
In January of this year, Azerbaijan imported cement, glass, ceramics and earthenware worth 4.404 million US dollars from Türkiye.
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The Ministry of Energy of Azerbaijan has approved the “Requirements for projects financed from the Energy Efficiency Fund”, Azernews reports. The decision was signed by Minister of Energy Parviz Shahbazov and entered into force on...
The Black Sea energy cable project, aimed at transporting green energy from Azerbaijan and Georgia to Europe, is emerging as a key strategic step toward deeper integration of regional and European energy markets, according to an EU-funded meta-study,...
Spain’s seasonally and calendar-adjusted industrial production fell by 0.3% in December compared with the same month a year earlier, according to a report released on Friday by the country’s statistical office, INE, Azernews reports, citing foreign...
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Ireland has sharply increased its imports of crude oil and petroleum products from Azerbaijan over the past three years, with 2025 marking a clear peak, according to the State Customs Committee, Azernews reports. In 2025,...
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Bitcoin slid to a 16-month low on Friday, briefly testing the $60,000 level, as a deepening sell-off in global technology stocks and the unwinding of riskier positions across asset classes weighed on markets, Azernews reports. The...
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In 2025, Azerbaijan exported 229,000 tons of crude oil and petroleum products derived from bituminous minerals to Indonesia, with a total value of $111.5 million, Azernews reports, citing the State Customs Committee. According to...
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The data show that the state sector accounted for $8.28 billion of total imports, while the private sector imported $13.91 billion, and individuals accounted for $2.19 billion. The data show that the state sector accounted...
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Azerbaijan’s apple export sector continued to show strong performance in 2025, with export value and volume increasing compared with recent years, Azernews reports via the State Customs Committee. In 2025, Azerbaijan exported more...
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As of the end of December 2025, the European Bank for Reconstruction and Development (EBRD) holds a €906 million investment portfolio in Azerbaijan, covering 36 projects, Azernews reports, citing the bank. The EBRD’s average...
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The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port on a CIF basis decreased by $0.03, or 0.04%, compared to the previous figure, settling at $69.77 per barrel, Azernews reports.
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Alphabet, the parent company of Google, plans to significantly increase its investment in artificial intelligence, underscoring its ambition to remain a dominant player in the rapidly evolving AI race, Azernews reports.
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An estimated four out of every 10 overseas outlets opened by Korean dining brands in China have disappeared over the past five years, according to a recent survey. In contrast, the number of these outlets in the United States has more than doubled during...
All eyes were on the Turkish Statistical Institute (TÜİK) as it released Türkiye’s first inflation data of 2026, figures that play a decisive role in a wide range of areas—from public sector wages and pensions to rent increases.
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Trade turnover between Azerbaijan and the Commonwealth of Independent States (CIS) reached $7.635 billion in 2025, marking a notable increase in regional economic engagement, Azernews reports, citing the State Customs...
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Tourist arrivals from Middle Eastern countries to Azerbaijan increased significantly in 2025, reaching 301,318 visitors, according to official data. Azernews reports that this marks a 13.1 percent rise compared to 2024,...
Shares of Sweden's Volvo Cars plunged nearly 20% on Thursday after the automaker reported a sharp decline in fourth-quarter profits, Azernews reports, citing foreign media.
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Copper prices continued to decline amid rising inventories and weak demand signals from China. Although prices briefly stabilized earlier in the week, the downward trend has persisted.
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As of January 1st of this year, the business loan portfolio of Azerbaijani banks in the agricultural sector amounted to 2.087 billion manats, Azernews reports, citing the Central Bank of Azerbaijan (CBA). According to data, this...
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In 2025, the trade turnover between Azerbaijan and the Commonwealth of Independent States (CIS) countries totaled $7.635 billion, according to the State Customs Committee of Azerbaijan, marking a significant increase of $706.4...
Korea’s electric vehicle (EV) exports to the United States plunged by nearly 90 percent last year, weighed down by Washington’s auto tariffs and the rollback of EV subsidies under the administration of U.S. President Donald Trump, industry data showed on...
Advanced Micro Devices (AMD.O) shares fell nearly 7% in premarket trading on Wednesday after the chipmaker's lacklustre quarterly sales forecast rekindled investor doubts over its ability to take on AI chip bellwether Nvidia, Azernews reports, citing...
Tokyo stocks closed mixed on Wednesday, as the benchmark Nikkei index retreated after surging to a record high the previous day, while exporter shares found support from a weaker yen, Azernews reports, citing foreign media.
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South Korea has become one of the countries experiencing the largest outflow of wealthy individuals in the world, partly due to its strict inheritance tax system, Azernews reports.
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The market capitalization of Walmart, the largest retail chain in the United States, has surpassed $1 trillion for the first time, Azernews reports.
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The Central Bank of Azerbaijan (AMB) has drafted a new version of the Law on Lombards, with a stronger focus on protecting consumer rights, Azernews reports.
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Azerbaijan’s economy is expected to grow by 2.4% in 2025, while GDP growth in the non-oil and gas sector is projected at 4%, according to Taleh Kazimov, Governor of the Central Bank of Azerbaijan, Azernews reports. Moreover, for...
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The Management Board of the Central Bank of the Republic of Azerbaijan has decided to cut the refinancing rate to 6.5% from 6.75%, Azernews reports, citing a LinkedIn post by Governor Taleh Kazimov. The floor of the interest rate...
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As of January 1, Azerbaijan’s external public debt stood at $4.8135 billion, equivalent to 6.3% of actual GDP, which amounted to 129.094 billion manats (or $75.9376 billion) in 2025. Azernews reports, citing the Finance Ministry,...
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Under the baseline scenario, annual inflation is projected to remain within the target range by the end of 2026 and throughout 2027, Azernews reports, citing the Central Bank of Azerbaijan (CBA).
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The price of Azerbaijan’s Azeri Light crude oil delivered on a CIF basis to Italy’s Augusta port rose by $0.08, or 0.11 percent, compared to the previous session, reaching $69.80 per barrel, Azernews reports.
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Shanghai, with a population of 24 million, is one of the world’s most influential megacities, ranking alongside New York, Tokyo, and Los Angeles. With a GDP of $816.2 billion, it is a key global player in finance, trade, and shipping, Azernews...
Annual inflation in Turkiye stood at 30.65% in January, slightly down from 30.89% in December, according to data released on Tuesday by the Turkish Statistical Institute. On a monthly basis, prices rose by 4.84%, Azernews reports, citing foreign...
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The number of tourists coming to Azerbaijan from Middle East countries continues to grow, according to data from the State Tourism Agency, Azernews reports. In 2025, more than 301,300 foreign citizens from Middle Eastern countries...
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As of January 1, 2026, the business loan portfolio of Azerbaijani banks for the information and communication sector stood at 784.8 million manats, Azernews reports, citing the Central Bank of Azerbaijan (CBA). According to the...
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In 2025, trade turnover between Azerbaijan and the Islamic Republic of Iran amounted to $644.1 million, Azernews reports, citing the State Customs Committee. This represents a slight decrease of...
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Gold futures for April delivery on Comex, a division of the New York Mercantile Exchange, rose by more than 5 percent during trading, Azernews reports. Early in the session, gold was priced at...
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The foreign exchange reserves of the Central Bank of Azerbaijan exceeded $11.56 billion as of February 1, 2026, Azernews reports. The figure reflects a monthly increase of...
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The market share of the artificial intelligence chatbot ChatGPT, developed by OpenAI, in Azerbaijan has declined to 84.62%. As reported by Azernews, citing data from the Global Stats statistical centre, usage of ChatGPT in the...
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The price of Azerbaijan’s Azeri Light crude oil delivered on a CIF basis to Italy’s Augusta port fell by $3.63, or 4.95 percent, compared to the previous assessment, settling at $69.72 per barrel.
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The Dutch banking group ING has published updated forecasts for Azerbaijan’s economic outlook through 2028, projecting steady but moderate GDP growth alongside rising inflationary pressures in the medium term, Azernews reports....
Exports surged 33.9% year-on-year to reach $65.9 billion, marking the highest January export figure on record. Imports also rose—though at a slower pace—up 11.7% to $5.7 billion.
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The metal opened at $105.93, marking an extraordinary single-day drop of nearly 30% amid intense selling pressure.
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Bitcoin tumbled on Saturday, dropping 6% to below $80,000, while Ethereum plunged more than 11%, as rising geopolitical tensions weighed on global risk assets, Azernews reports.
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Chinese electric vehicle giant BYD Auto Co. Ltd. announced that it sold 210,051 vehicles in January, a steep 30.11% year-on-year decrease, Azernews reports.
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In recent years, the growth of employment opportunities, wages, and labor contracts in Azerbaijan has contributed to a continuous increase in mandatory social insurance contributions to the State Social Protection Fund.
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By contrast, Azerbaijan produced 141,800 tons of asphalt in 2024, which was 15.4% less than in 2023.
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