AzerNews - News from Azerbaijan, Business, Energy, Analysis
News from Azerbaijan, Business, Energy, Analysis. OSCE Minsk Group: Next hurdle in peace efforts. In a recent comprehensive interview with a Russian TV channel, Azerbaijani President Ilham Aliyev addressed the longstanding issue of the OSCE Minsk Group.
Azerbaijan’s 2025 budget puts social welfare and reconstruction at ...
Dec 1, 2024 · As the Milli Majlis continues discussions on Azerbaijan’s 2025 state budget, key projections reveal promising economic growth paired with increased social investments. Revenues are set to rise by 5.3% to 38.3 billion manats, with expenditures increasing 4.1% to 41.4 billion manats, marking a 9% reduction in the budget deficit. GDP per capita is expected to grow from $7,412 in 2025 to $8,522 ...
SOCAR's sustainable initiatives ahead of COP29: Paving way for …
Oct 23, 2024 · Azerbaijan, endowed with abundant oil and gas reserves, has primarily developed its economy within this sector. These energy resources have facilitated the expansion of the country’s traditional energy trade. However, the Republic is now implementing policies aimed at securing its energy future through renewable resources, aligning with …
SOCAR turns into driving force behind energy evolution & global ...
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Azerbaijan's green energy transition: Commitment to sustainable …
Oct 19, 2024 · Azerbaijan is making significant strides in its transition to a green energy strategy, demonstrating a keen awareness of global trends and a proactive approach to international challenges.
Azerbaijan's SOCAR on frontline of energy transition
Nov 18, 2024 · Once synonymous with Azerbaijan's oil and gas wealth, the State Oil Company of Azerbaijan (SOCAR) is now making waves on the global stage as it embarks on a transformative journey into the green energy sector. With an ambitious strategy unveiled at COP29, SOCAR aims to position itself not merely as an energy company but as a pioneering leader in the global transition to sustainability.
Azerbaijan leading way in decarbonized transport, says ADB …
Nov 21, 2024 · At the sidelines of COP29, James Leather, Director of the Emerging Areas Transport Sector Office at the Asian Development Bank (ADB), shared his insights to Azernews on global climate initiatives, the role of transport in sustainable development, and opportunities for green financing in Azerbaijan and beyond.. When asked about the significance of COP29 initiatives, Leather emphasized its ...
Azerbaijan's digital transformation: Achievements and steps for ...
Sep 9, 2024 · In the era of modern globalization, one of the most pivotal and strategic objectives for the global economy is the shift toward a digital economy.
Commemorating memory of Martyrs - 4 years since September 27 …
September 27, 2020, is one of the most important days in the history of the national heroism of Azerbaijan. That day, the Armed Forces of the Republic of Azerbaijan began responsive measures to counter another military provocation from …
Azerbaijan's green energy vision: Trans-Caspian Project set to ...
Sep 18, 2024 · Azerbaijan, which is progressively enhancing its global influence, is now prioritizing the implementation of "green energy" initiatives and the export of "green energy" to international markets within its energy policy.