Azerbaijan to cut power grid connection steps from 7 to 2
Energy Minister Parviz Shahbazov says Azerbaijan will reduce the number of steps required to connect to the electricity grid from seven to two, cutting the...
Category : Economy
Baku port’s container traffic rises 30% to record high
The Port of Baku handled about 100,000 TEU of container cargo in January-September 2026, a record for a nine-month period. The volume marks a 30%...
Azerbaijan to build 2 gigawatts of renewable power by 2027, minister says
Azerbaijan's Energy Minister Parviz Shahbazov says the country plans to commission 11 solar and wind power plants with a combined capacity of roughly 2 gigawatts...
Azerbaijan to cover 70% of exporters’ transport costs, deputy minister says
Azerbaijan will reimburse up to 70% of transportation costs for non-oil and gas exporters under a new state support mechanism, First Deputy Economy Minister Elnur...
Kommersant: North-South corridor rail cargo up 32.2% in September
Russia's Kommersant, citing Russian Railways, reports that rail cargo along the North-South International Transport Corridor reached 1.1 million tonnes in September, up 32.2% year-on-year. One...
OilPrice.com: Russia and Iran are stalling the TRIPP corridor
OilPrice.com, a US energy-market outlet, reports that the TRIPP corridor linking Azerbaijan to Nakhchivan through Armenia remains unbuilt more than a year after it was...
Azerbaijan’s trade with Central Asia up more than 50% in 2025
Azerbaijan's Minister of Economy Mikayil Jabbarov says the country's trade turnover with Central Asian states has grown by more than 50% in 2025. He made...
Turkey’s Ist-Pay eyes expansion into Azerbaijan’s money transfer market
Turkish payment company Ist-Pay plans to develop international money transfer infrastructure in Azerbaijan, the firm's business development manager Svetlana Mammadova said at B2B meetings held...
Azerbaijan’s bad loans rise 191 million manats in first half of 2026
Non-performing loans in Azerbaijan's banking sector grew 25% to 954 million manats in the first half of 2026, according to the Central Bank of Azerbaijan's...
Azerbaijan’s construction sector GDP falls 13% in first half of 2026
Azerbaijan's construction sector real GDP dropped 13% in the first half of 2026 compared with the same period last year, the Central Bank of Azerbaijan...