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BAKU, Jan. 31 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan, aiming to drive economic diversification and accelerate the transition to green energy over the next five years, the bank said in a statement on Friday.
YEREVAN, Jan. 14 (Xinhua) -- The International Finance Corporation (IFC) extended a landmark loan of 200 million U.S. dollars to Ameriabank, one of Armenia's biggest banks, marking its largest-ever investment in the country's financial sector, news.am reported on Tuesday.
BAKU, Dec. 6 (Xinhua) -- Azerbaijan is set to drill its first onshore horizontal well, marking a significant milestone in the country's oil and gas industry.
BAKU, Dec. 2 (Xinhua) -- Azerbaijan's State Oil Company has started natural gas exports to Slovakia, marking the start of deliveries under a short-term pilot agreement with Slovakia's largest state energy operator SPP, the company said.
BAKU, Oct. 11 (Xinhua) -- Azerbaijan on Friday concluded the Pre-COP29 climate conference in Baku, where officials from around the world gathered to push forward negotiations on key issues ahead of next month's 2024 UN Climate Change Conference (COP29).
BAKU, Sept. 24 (Xinhua) - The World Bank has projected a potential 28% increase in trade turnover between Azerbaijan and the European Union (EU) through the Middle Corridor by 2030, Stefanie Stallmeister, the World Bank's Country Manager for Azerbaijan, said on Tuesday in an interview with AZERTAC news agency.
BAKU, Sept. 20 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has approved a loan of 100 million U.S. dollars to finance a 445-megawatt solar photovoltaic power plant in Azerbaijan's Bilasuvar region, EBRD announced Friday.
BAKU, Sept. 20 (Xinhua) -- BP and the State Oil Company of Azerbaijan Republic (SOCAR) signed a memorandum of understanding (MOU) on Friday to formalize BP's intention of joining agreements for the exploration and development of two oil blocks in the Azerbaijani sector of the Caspian Sea, BP reported.
BAKU, Sept. 11 (Xinhua) -- Azerbaijan's economy grew by 4.3 percent in the first eight months of 2024, with its gross domestic product (GDP) reaching 80.96 billion manats (47.62 billion U.S. dollars), the State Statistical Committee reported on Wednesday.
BAKU, Sept. 2 (Xinhua) -- Azerbaijan's state oil company, SOCAR, has officially commenced natural gas deliveries to Croatia, the company said on Monday.
