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Azerbaijan’s Sovereign Wealth Fund to Acquire Minority Stake in 402 MW of Solar Assets in Italy from Enfinity Global

... des 14 solar power plants across the Lazio and Emilia-Romagna regions, with electricity output contracted through long-term PPAs. Rome (Italy), 18 July 2025-. The State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Enfinity Global, a leading renewable energy company, communicate to have entered into an agreement under which SOFAZ will acqui ...

Sahiba Gafarova Meets with Board Members of Asian Organisation of Supreme Audit Institutions and Arab Organisation of Supreme Audit Institutions

... ed at the significance of holding the 62nd meeting of the ASOSAI Governing Board and arranging a joint meeting with ARABOSAI in Baku, emphasising that the organisation of such international events in Azerbaijan reflects the importance that the country places on financial reporting, independent auditing and international cooperation in the said area ...

A meeting was held with the winners of the “Zaka” career advancement competition for customs employees at the Central Customs Hospital

... training session was held for the winners of the “Zaka” competition. During the training, Deputy Chief of the Medical Service Department of the State Customs Committee of the Republic of Azerbaijan Ismayil Afandiyev delivered a presentation on “Diagnosis and first aid in cases of snake and other poisonous animal bites,” and ...

The Karabakh Revival Fund’s 2024 financial statements have successfully passed the audit conducted by PwC Azerbaijan

... d its financial statements prepared in accordance with International Financial Reporting Standards (IFRS) as of December 31, 2024, as well as the audit report (opinion) of the independent auditor PwC Azerbaijan regarding the audit conducted for the relevant period. The Fund’s financial statements include the statement of financial position ...

A contract has been signed between the “Azerigaz” Production Union and “Esyasoft Holding” LTD

... soft Holding” LTD for the design, installation, and commissioning of a Smart Gas Network. The primary objective of the project is to enhance operational efficiency in gas distribution across Azerbaijan through the application of advanced smart gas management technologies, to optimize costs, reduce existing gas losses, and improve customer ...

The third session of the Azerbaijan - Vietnam Intergovernmental Commission was held in Hanoi

... The 3rd session of the Azerbaijan-Vietnam Intergovernmental Commission on economic-trade and scientific-technical cooperation was held in Hanoi. The meeting was held by between Vietnam's Minister of Industry and Trade Nguyen Hong Dien and Azerbaijani Energy Minister Parviz Shahbazov. At the meeting, discussions were held on topical issues on th ...

TuranBank Commences Implementation of Guarantee Transaction with the Asian Development Bank

... TuranBank OJSC, a leading financial institution in Azerbaijan with a well-established reputation in international financial markets, continues to advance its successful cooperation with global development partners. Through this partnership, TuranBank will leverage ADB’s Trade and Supply Chain Finance Programme (TSCFP). The guarantee facili ...

Speaker of Milli Majlis Sahiba Gafarova Meets Speaker of Halk Maslahaty of Turkmenistan

... nary Chamber of the Milli Majlis. The guests then visited the Heydar Aliyev Memorial Hall where they reviewed the exhibits telling of the different periods of the life and political activities of the Azerbaijani people’s National Leader Heydar Aliyev. Speaker of Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov wrote down heartfelt wor ...

Memorandum of Understanding on cooperation in the field of renewable energy was signed between Azerbaijan and Vietnam

... The Azerbaijan-Vietnam Business Forum and the first meeting of the Azerbaijan-Vietnam Joint Business Council was held on the eve of the 3rd session of the Vietnam-Azerbaijan Intergovernmental Commission on Economic-Trade And Scientific-Technology Cooperation. Deputy Minister of Industry and Trade of the Socialist Republic of Vietnam Nguyen Hoang Lo ...

BSU’s Global Appeal: Indonesian Couple Pursuing Doctorates Share Their Experience

... Abdul Waris and Reza Aprianti are currently pursuing doctoral studies at the Faculty of Social Sciences and Psychology under the Heydar Aliyev International Educational Grant. The couple, who came to Azerbaijan with their children, shared their impressions of daily life, the educational environment at BSU, and their future plans: — How did ...

Winners of the She’s Next initiative supported by Birbank Biznes announced

... The third wave of the global initiative “She’s Next Empowered by Visa,” aimed at supporting the development of women’s entrepreneurship, has concluded in Azerbaijan. The project was carried out through a partnership between Birbank Biznes, one of the market leaders in banking and business services, and Visa, a world leader i ...

TuranBank Announces Financial Results for H1 2025

... TuranBank OJSC, a prominent bank in Azerbaijan, has revealed its financial performance for the first half of 2025. The second-quarter data indicate that the Bank has retained its market position while achieving notable growth across key financial metrics. By the end of June 2025, TuranBank’s total assets rose by 11.5% to 948 million AZN. T ...

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