HCL Technologies Azerbaijan begins liquidation process
HCL Technologies Azerbaijan LLC has announced it is starting liquidation proceedings. Creditors with claims against the company have two months to come forward....
Category : Economy
Baku cable car project still at early assessment stage, metro operator says
The Baku Metro closed joint-stock company says work on a planned cable car system for the Azerbaijani capital remains in the preliminary study phase, with...
Fuad Imanov named deputy general director at ETTC
Fuad Imanov has been appointed deputy general director of Eurasia Transport and Terminals Company (ETTC) LLC, part of the SOCAR Group. He took up the...
Azerbaijan’s tax service transfers $13.6 billion to budget in nine months
Azerbaijan's State Tax Service, under the Ministry of Economy, collected 13.6 billion manats for the state budget in January-September 2026, beating its target by 913.4...
EIA raises Brent forecast to $105 for fourth quarter of 2026
The U.S. Energy Information Administration has raised its Brent crude price forecast for the fourth quarter of 2026 by $14 to $105 a barrel, citing...
Tanker rates on Gulf-China route jump fivefold after US-Iran clash
Freight rates for supertankers hauling crude oil from the Persian Gulf to China have surged roughly fivefold since the US-Iran military clash, according to foreign...
Vitol CEO warns Europe’s oil reserves are running low
Russell Hardy, chief executive of the world's largest independent oil trader Vitol Group, says European countries' oil reserves are shrinking amid the war in the...
Baku Stock Exchange turnover falls by a third in nine months
Total trading volume on the Baku Stock Exchange reached 33.528 billion manats in the first nine months of 2026, down 17.452 billion manats from the...
ADB aims to boost annual private-sector financing in Azerbaijan to $13 billion
The Asian Development Bank (ADB) plans to raise its annual financing for the private sector to roughly $13 billion by 2030, the bank's Azerbaijan Country...