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Bucharest to host Caspian-Black Sea green energy corridor talks

Azerbaijan proposes six-year VAT exemption for agricultural machinery

Azerbaijan has proposed exempting sales of agricultural tractors and imports of their spare parts from value-added tax (VAT), as well as customs duties, for a period of six years starting January 1, 2027. According to Report , the proposal is included in a draft law on amendments to the Tax Code. The document is part …

Azerbaijan plans to introduce hourly wages, electronic salary payments

Azerbaijan plans to introduce hourly wages, particularly for employment contracts lasting less than a month or for jobs involving no more than 20 hours a week, as outlined in a draft law amending the Labor Code, Report informs. Hourly pay will be applied in specific economic sectors and at workplaces created by indivi…

Uzbekistan, China's Tianjin discuss railway-linked business cooperation

Effective fishery management needed for Azerbaijan's Caspian sector, FAO says

The Azerbaijani sector of the Caspian Sea and the country's inland waters need effective fishery management, habitat protection, and responsible aquaculture development, Deputy Regional Representative of the Food and Agriculture Organization of the United Nations (FAO) for the region of Europe and Central Asia Nabil G…

Official: Garabagh, East Zangezur priority zones for aquaculture clusters

Garabagh and East Zangazur are priority areas for establishing a sustainable aquaculture cluster while preserving ecological balance, Latif Gasimov, Head of the Agricultural and Environmental Affairs Department at the Azerbaijani Cabinet of Ministers' Office, said at the 1st Azerbaijan Regional Aquaculture Forum in Ba…

Greater attention needed for preservation of Caspian Sea bioresources

Greater attention should be paid to the conservation of aquatic bioresources in the Caspian Sea, Chairman of the Milli Majlis Agrarian Policy Committee Tahir Rzayev said at the 1st Azerbaijan Regional Aquaculture Forum in Baku, Report informs. According to him, it is necessary to protect fish stocks, prevent illegal f…

Fishery development to strengthen food security, regional jobs in Azerbaijan

The development of fisheries and aquaculture strengthens Azerbaijan's food security and opens up opportunities for employment growth in the regions, Minister of Agriculture of Azerbaijan Majnun Mammadov said at the 1st Azerbaijan Regional Aquaculture Forum in Baku, Report informs. According to the minister, the develo…

EU Survey Reveals Massive Support for Renewable Energy Transition

A majority of European Union citizens are in favor of an accelerated transition away from oil and gas and into alternative energy sources and transport electrification, a survey conducted by the European Investment Bank has shown, as reported by Reuters, which got an exclusive look at the survey. According to the surv…

UN urges environmental safeguards in Caspian transport planning (Exclusive)

Propspeed Joins RightShip’s Zero Harm Innovation Partners Program to Support More Efficient and Sustainable Vessel Operations

Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...

Coast Guard Looks to Commercial Icebreakers to Keep Northeast Ports Open This Winter

The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...

UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline

The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around Hormuz, reducing exposure to Iranian disr…

Vance Blames His Own Administration’s Iran War for Republican Defeat

Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...

Azerbaijani cookbook published in Bosnian

A book showcasing Azerbaijan's culinary traditions, national dishes and hospitality has been published in Bosnian in Bosnia and Herzegovina, Report 's Balkan bureau informs. Titled "Azerbejdžansko gostoprimstvo kroz kulinarske recepte – U gostima kod Natavan" ("Azerbaijani Hospitality Through Recipes - Visiting Natava…

Estonia seeks broader cooperation with Azerbaijan in energy and digitalization

Estonia is interested in expanding cooperation with Azerbaijan in energy, education, digitalization and other areas, Estonian Foreign Minister Margus Tsahkna said. Report informs that Tsahkna was speaking at the fourth meeting of the Intergovernmental Commission on Cooperation between the two countries in Tallinn. He …

ACG oil output forecast at 316,400 barrels per day in 2027

Daily crude oil production from the Azeri–Chirag–Gunashli (ACG) block in Azerbaijan's sector of the Caspian Sea is forecast at 316,400 barrels in 2027, Report informs, citing the 2027 budget package. The figure is 1,700 barrels, or 0.5%, below this year's forecast. During the first three quarters of this year, ACG pro…

Razi Customs ranks third in Iran for rail freight transport

Estonian foreign minister to visit Azerbaijan in late November

Estonian Foreign Minister Margus Tsahkna will visit Azerbaijan in late November to attend the official opening ceremony of the country's new embassy in Baku, according to Report . "The strengthening of our partnership is also reflected in Estonia's new embassy in Baku, which I have the honor of officially opening at t…

Baku, Tallinn mull co-op prospects in transport, AI, trade

Azerbaijan and Estonia have discussed possibilities for expanding cooperation in the fields of transport, logistics, trade, digital development, and innovations, Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev wrote on X, Report informs. The discussions took place during the 4th meeting of t…

Azerbaijan Railways' digital modernization spending tops $6M by late 2025

Expenditures on the digital modernization project of Azerbaijan Railways (ADY) CJSC, implemented with the financial support of the Asian Development Bank (ADB), reached $6.163 million by the end of 2025, Report informs citing the ADB. Under the loan agreement, $5.222 million was utilized, with direct financing across …

Kazakhstan ready to supply Israel with up to 500,000 tonnes of wheat via Azerbaijan and Georgia

Kazakhstan's Food Contract Corporation has proposed supplying food-grade wheat to the Israeli market via Azerbaijan and Georgia. According to Report , citing Kazakhstan's Ministry of Agriculture, the issue was discussed at the 10th meeting of the Kazakhstan-Israel Intergovernmental Commission on Trade and Economic Coo…

Customs to shift focus from revenue to protection as Azerbaijan's economy grows

As Azerbaijan's economic development grows, the fiscal role of customs authorities in generating state budget revenues is expected to gradually decrease, Head of the State Customs Committee (SCC) Shahin Baghirov said at a meeting of the Milli Majlis Committee on Economic Policy, Industries, and Enterprising during the…

India Sees Some Trade Relief, New Risks After Democrat Sweep

Indian officials were cautious on the US midterm election results, saying it eases some of the pressure over trade tensions but creates a new layer of uncertainty in an already fragile relationship.

Uzbekistan's Central Bank studies Azerbaijan's experience in portfolio management

A delegation from the Central Bank of Uzbekistan has paid a working visit to Baku to exchange experience with the Central Bank of Azerbaijan. According to Report , citing the Central Bank of Azerbaijan, the visit featured presentations on approaches and management practices developed in the areas of strategic manageme…

Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz

Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs. The f…

Documentary 'Crude & Ink: Stories Written in Oil' premieres in Baku

The documentary "Crude & Ink: Stories Written in Oil", jointly produced by SOCAR and AnewZ television channel, was premiered at the Nizami Cinema Center, Report informs referring to SOCAR. The event was attended by Leyla Aliyeva, Vice President of the Heydar Aliyev Foundation, government officials, members of the dipl…

Azerbaijan's annual customs exemptions and reliefs reach nearly $1.8B

BP announces Azerbaijan's ACG oil production figures for 2026

In the first three quarters of 2026, total production from the Azeri-Chirag-Deepwater Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea was on average about 320,000 barrels per day (b/d), or about 87 million barrels or 12 million tonnes in total. Report informs that, according to the business…

Sahil Babayev: Azerbaijan aims to keep public debt-to-GDP ratio stable

Azerbaijan aims to keep its public debt-to-GDP ratio stable over the next four years, Finance Minister Sahil Babayev said at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, where the 2027 state budget package was discussed. He said the public debt-to-GDP ratio is expected to …