Shorouk Express Economy Materials 25 August 2025 20:16 (UTC +04:00) State procurements in Azerbaijan saw stronger participation in the first half of the year, with the average number of bidders rising to nearly four per tender. Growth was mainly driven by open tenders, which recorded a sharp increase in participation, supporting competition and…
Shorouk Express Economy Materials 22 August 2025 00:29 (UTC +04:00) Azerbaijan imported 187 million cubic meters of natural gas from Turkmenistan in the first seven months of 2025, spending $28 million. Overall, imports of natural gas from all foreign countries fell by nearly one-third in both volume and value compared to the same…
Shorouk Express Economy Materials 15 August 2025 19:08 (UTC +04:00) Azerbaijan Caspian Shipping Company (ASCO) has wrapped up its latest coupon payments on bonds that hit the market in February 2024. The $50 million bonds, with a six percent annual yield, brought in a tidy sum of $1.5 million for bondholders, with payments…
Shorouk Express BAKU, Azerbaijan, August 8. The diving vessel ‘Akademik Tofig Ismayilov’ of Azerbaijan Caspian Shipping Company (ASCO), one of the AZCON Holding companies, has undergone an overhaul at the Bibiheybat Ship Repair Plant, ASCO’s statement said, Trend reports. During the process, the main engines, windlass, derricks, pumps, pipe systems, electrical equipment, crew accommodation, sanitary…
Shorouk Express Economy Materials 7 August 2025 21:09 (UTC +04:00) Azerbaijan’s state budget revenues reached 23.5 billion manat ($13.9 billion) from January to July 2025. This exceeded the forecast by 707.9 million manat ($417.7 million) or 3.1 percent. Meanwhile, expenditures totaled 19.9 billion manat ($11.76 billion), resulting in a 3.5 billion manat ($2.08…
Shorouk Express Green Economy Materials 2 August 2025 06:02 (UTC +04:00) In the first half of this year, the Agricultural Insurance Fund (ASF) paid out over 4.4 million manat in compensation to farmers affected by natural disasters and livestock-related incidents. Access to paid information is limited If You already have a…
Shorouk Express Economy Materials 1 August 2025 22:09 (UTC +04:00) Azerbaijan’s currency reserves reached $77.7 billion as of July 1, 2025, exceeding the country’s foreign public debt by about 15.5 times. The external debt stood at $5.01 billion, or 6.5 percent of the projected GDP. Nearly 50 percent of this debt is due…
Shorouk Express BAKU, Azerbaijan, July 30. Infrastructure work is scheduled to begin soon at the newly established Nakhchivan Industrial Park, Elchin Kazimov, spokesperson for the Economic Zones Development Agency (EZDA) under the Ministry of Economy of Azerbaijan, said in an interview with Trend. The official also outlined the planned activities for the industrial park. “By…
Shorouk Express BAKU, Azerbaijan, July 24. The State Oil Fund of Azerbaijan (SOFAZ) has organized a training session themed “SOFAZ’s Investment Portfolio and Profitability Approach” for media representatives, Trend reports. The purpose of the event was to provide media representatives with more comprehensive and analytical information about the Fund’s investment strategy, asset allocation, and return…
Shorouk Express Economy Materials 15 July 2025 04:28 (UTC +04:00) Air passenger traffic in Azerbaijan increased slightly in the first half of the year, reaching nearly 1.9 million travelers. However, air cargo transport declined to under 200,000 tons, showing a notable drop compared to the same period last year. Access to paid…
