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The Arab Energy Fund and SOFAZ, in partnership with CVC DIF, acquired a stake in PAL Cooling Holding

... The Arab Energy Fund and The State Oil Fund of the Republic of Azerbaijan (SOFAZ) are pleased to announce that they have agreed to partner with CVC DIF to invest in a co-investment vehicle that invests alongside DIF VII, which recently acquired a 50 percent stake in PAL Cooling Holding (“PAL”), a principal district cooling operator in U ...

UNEC Maintains Its Leadership in Azerbaijan and the South Caucasus in QS Europe 2026

... 6 were also announced today. Compared to the previous year, the number of participating institutions increased by 291, reaching a total of 958 universities. In QS Europe 2026, 15 universities from Azerbaijan were evaluated, six of which participated for the first time. Azerbaijan State University of Economics (UNEC) once again ranked first in ...

Development of cooperation with World Oil Council (WPC Energy) was discussed

... and President of the World Oil Council (WPC Energy) Pedro Miras. The meeting discussed current issues on the global energy agenda, regional energy projects and issues related to the development of Azerbaijan's cooperation with the organization. Minister Parviz Shahbazov stated that although Azerbaijan is a traditional oil and gas producin ...

Ookla Launches Initiative to Accelerate Connectivity in Azerbaijan Hospitality Sector

... ade; framework to help local hotels meet global digital expectations Ookla®, a global leader in connectivity intelligence, announced the launch of a pilot program for the hospitality sector in Azerbaijan, based on the Speedtest Certified™ framework.  The initiative aims to support the industry’s goal of accelerating connecti ...

An auction was held for placement of 168-days Notes of the Central Bank of the Republic of Azerbaijan

... On January 28, 2026, an auction was held at the Baku Stock Exchange for the placement of 2,500,000 AZN notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2585024709 in the amount of 168 days. Information on notes is as follows: Issuer Central Bank of the Republic of A ...

An auction was held for placement of 28-days Short-term Notes of the Central Bank of the Republic of Azerbaijan

... On January 28, 2026, an auction was held at the Baku Stock Exchange for the placement of 10,000,000 AZN short-term notes of the Central Bank of the Republic of Azerbaijan (ARMB) with state registration number AZ2586024708 in the amount of 28 days. Information on notes is as follows: Issuer Central Bank of the Re ...

PASHA Bank holds news conference on preparatory phase of its Initial Public Offering

... opportunities to make a stronger contribution to the national economy, particularly to the development of the non-oil sector,” the CEO noted. PASHA Bank was established in 2007 and is one of Azerbaijan’s leading corporate financial institutions. The Bank provides corporate and small and medium-sized business clients with investment b ...

The State Tourism Agency Migrated Its IT Systems to the “Government Cloud”

... As part of the implementation of the Decree No. 718 of the President of the Republic of Azerbaijan, “On measures for the creation of the 'Government Cloud' (G-cloud) and the provision of ‘cloud’ services,” the State Tourism Agency of the Republic of Azerbaijan has migrated its information systems to the “Govern ...

Speaker of Milli Majlis Sahiba Gafarova Meets with President of Parliamentary Assembly of the Mediterranean

... (UAE). The Speaker of the Milli Majlis talked at the meeting about the significance of the 2nd Session of the PAS Women Parliamentary Forum and made her vis-à-vis aware of the Parliament of Azerbaijan being interested in expanding co-operation with this organisation. Speaker Sahiba Gafarova expressed contentment with the affirmation at ...

Notes placement of the Central Bank of the Republic of Azerbaijan

... On January 28 and 29 2026, an auction will be held at the Baku Stock Exchange to place notes of the Central Bank of the Republic of Azerbaijan. We inform you that the collection of orders during the auction will be organized from 11:00 to 11:30. Information about the release parameters of the notes is given in the table below: ...

The winner of the mega prize in Bakcell lottery has been announced!

... ov experienced the joy of this unforgettable moment as he received the keys to his luxury car. We would like to particularly highlight that the Bakcell lottery was the first large-scale lottery in Azerbaijan built on an artificial intelligence–based platform. By actively using the “Chance” package and Bakcell services, subscrib ...

Speaker of Milli Majlis Sahiba Gafarova Meets with Chairman of Federal National Council of United Arab Emirates

... ad a meeting in the course of her working visit to the United Arab Emirates with Chairman of the country’s Federal National Council Saqr Ghobash. Saqr Ghobash, who greeted the Speaker of the Azerbaijani Parliament cordially, thanked the Speaker of the Milli Majlis for this visit and for her participation in the 2nd session of the Women Par ...

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