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FORMULA 1 SPARKS 77% RISE IN TRANSACTIONS: AZERBAIJAN’S TOURISM BOOM *

... Baku solidified its position as an attractive capital city. An analysis by Mastercard highlights the significant economic gains brought about by tourist spending during the 2024 Formula 1 event in Azerbaijan. The data reveals a sharp rise in spending and the corresponding economic benefits. These results reflect Azerbaijan’s growing appeal ...

Oil and gas figures were announced for January-September

... or nearly 15.6 million tons, SOCAR for 2.3 million tons. Oil refining in the reporting period amounted to about 5 million tons. In September 2024, daily oil production (including condensate) in Azerbaijan amounted to 78.7 thousand tons, including 65 thousand tons crude oil and 13.7 thousand tons condensate. For January- September 2024, 37. ...

Speaker of the Milli Majlis Sahiba Gafarova Arrives in the Swiss Confederation on a Working Visit

... f the Milli Majlis Sahiba Gafarova arrived in Geneva, in the Swiss Confederation, on a working visit on 13 October. At Geneva International Airport, the Speaker of the Milli Majlis was welcomed by Azerbaijan’s Ambassador to Switzerland Fuad Isgandarov and Azerbaijan's Permanent Representative to the UN Office and the units of other int ...

PreCop provides strong platform to begin negotiations ahead of COP29

... BAKU, Azerbaijan, October12.- PreCop has provided a strong platform to begin negotiations ahead of COP29, EU Commissioner for Climate Action Wopke Hoekstra said. He made the statement speaking during the "Global Perspectives" lecture series at ADA University. The meeting was  organized by the Center of Excellence in European Studi ...

Azerbaijan’s Milli Majlis responds to resolutions of Dutch Parliament's House of Representatives

... “The Milli Majlis of the Republic of Azerbaijan strongly refutes and condemns as biased political acts the two resolutions adopted by the House of Representatives of the Kingdom of the Netherlands on October 10, 2024. These resolutions unjustly target Azerbaijan and distort the real situation in the South Caucasus region. Based on false and i ...

Commissioner Wopke Hoekstra participated in the pre-COP in Baku

... carbon pricing or Just Energy Transition Partnerships. He also exchanged with several European ministers and representatives. The Commissioner's trip to Baku came to an end with a meeting with Azerbaijani civil society representatives and highlighted that human rights and freedom of expression are of pivotal importance. He also joined young ...

ASCO acquires another Handysize bulk carrier

... In line with President Ilham Aliyev's directives and recommendations, and as part of the Strategic Development Programme for Azerbaijan Caspian Shipping Company (ASCO), approved by ASCO's Supervisory Board, a significant step has been taken. The company has successfully completed the purchase of its second Handysize bulk carrier with the ai ...

Sahiba Gafarova met with Speaker of the Senate of the Parliament of Kazakhstan Maulen Ashimbayev

... tures was voiced during the meeting. Speaker of the Senate Maulen Ashimbayev congratulated Sahiba Gafarova on the success of the Milli Majlis elections and her re-election as Head of Parliament of Azerbaijan. He added that Azerbaijan is a very important and reliable partner for his country and that Kazakhstan attaches great importance to the dev ...

AZAL Launches Carbon Footprint Offset Program for Passengers

... Azerbaijan's national air carrier, AZAL, has introduced a carbon offset program, allowing passengers to make their travel more sustainable. This voluntary initiative is designed to help mitigate climate change and reduce aviation’s environmental impact. In partnership with Carbon Click, a leader in carbon offset solutions, AZAL enables ...

The “INMerge Innovation Summit” uniting innovation and technology, continues

... discussed by local and international experts, all of which are central to global attention. The event featured speeches from prominent figures, including the Minister of Economy of the Republic of Azerbaijan, Mikayil Jabbarov, the Minister of Digital Development and Transport, Rashad Nabiyev, the CEO of PASHA Holding, Jalal Gasimov, and the Chai ...

Sahiba Gafarova meets with Speaker of the Senate of Oliy Majlis Tanzila Narbayeva

... e Senate of the Oliy Majilis of the Republic of Uzbekistan Tanzila Narbayeva in Dushanbe. Congratulating Sahiba Gafarova on the successful Milli Majlis elections and her re-election as Head of the Azerbaijani Parliament, Tanzila Narbayeva added confidently that the legislative bodies of the two countries would continue co-operation at a prominen ...

2nd tranche of Kapital Bank’s dollar bonds is now available for sale at branches

... for the bond placement is “PASHA Capital Investment Company” CJSC. Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 119 branches and 53 departments all over the country. For more detailed information about the bank’s products and services, plea ...

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