Shorouk Express Economy Materials 26 June 2025 03:26 (UTC +04:00) Bank profits have declined by over seventeen percent in the first five months of the year, totaling approximately 430 million manat. Despite this, profit tax payments rose slightly to around 110 million manat compared to the previous year. Access to paid information…
Shorouk Express Economy Materials 7 June 2025 19:10 (UTC +04:00) Photo: EBRD Investment by the oil and gas sector in low-emissions energy technologies dropped to $22 billion in 2024, marking a 25% decline from the previous year, according to the International Energy Agency (IEA). The figure represents just 2.5% of the industry’s total…
Shorouk Express Oil&Gas Materials 6 June 2025 18:37 (UTC +04:00) Electrification remains a central pillar of the European Union’s climate strategy, with ambitious targets for heat pump installations across residential and commercial buildings. Countries such as France and Italy are seeing faster uptake compared to Germany and the UK. Access to paid…
Shorouk Express BAKU, Azerbaijan, June 4. Approximately 270 MW of small hydropower plants (SHPPs) are currently in operation in Azerbaijan’s liberated territories, First Deputy Vice President of Azerenerji Yusif Garayev said during the session titled “Electricity Generation and Grid Infrastructure Development: The Future of Energy Supply,” held as part of the 30th Anniversary Baku Energy…
Shorouk Express Tajikistan Materials 31 May 2025 07:10 (UTC +04:00) Kazakhstan sent 431.04 million tenge ($847,000) to Tajikistan using international money transfer systems in April 2025, down 15 percent year-over-year. This represented 0.8 percent of Kazakhstan’s overseas remittances, with 1,430 transactions. In April, Kazakhstan sent 57.4 billion tenge ($112.8 million) to Russia, Uzbekistan,…
Shorouk Express Economy Materials 27 May 2025 05:32 (UTC +04:00) From January through April 2025, Azerbaijan’s credit insurance premiums totaled 1.4 million manat ($800,000), down 7.9 percent year-on-year. Credit insurance payouts rose 3.6 percent to 29,000 manat ($17,000) during the period. This data reflects shifting trends in the country’s insurance sector. Access…
Shorouk Express Economy Materials 18 May 2025 17:29 (UTC +04:00) In the first quarter of 2025, the cargo transportation through the Azerbaijani stretch of the North-West Transport Corridor hit the ground running, reaching a hefty 1.4 million tons. As per the State Statistical Committee, this shows a drop in the bucket of 16.5…
Shorouk Express Economy Materials 18 May 2025 00:28 (UTC +04:00) Oil demand in OECD countries rose sharply in the first quarter of 2025, driven by colder-than-usual weather and increased use of heating fuels, according to the International Energy Agency. Despite this early boost, the IEA expects demand across the region to decline over…
Shorouk Express Economy Materials 17 May 2025 00:13 (UTC +04:00) Azerbaijan’s white oil production reached 196,000 tons from January to April 2025, reflecting an 8.3% decline compared to the same period in 2024. Despite this decrease, the total value of oil product production amounted to 1.6 billion manat ($941.1 million), marking a 9.9%…
Shorouk Express Economy Materials 6 May 2025 19:20 (UTC +04:00) Trade between Azerbaijan and Vietnam saw a significant decline in early 2025, with total operations reaching $127.2 million, a drop of nearly 50 percent compared to the same period in 2024. Azerbaijan’s exports to Vietnam fell by 57.8 percent, amounting to $91.8 million,…
