#economy
Latest news and interesting information about economy.
New deputy head appointed in Narimanov
Rufat Ahmadzade appointed deputy head of Narimanov District Executive Power. He previously worked as chief architect.
Brussels exam answers emerge from ballot box
The election in Yerevan tests the EU's South Caucasus strategy. Azerbaijan's role and new realities.
Pezeshkian Criticizes State TV
Iranian President Masoud Pezeshkian criticizes state television for biased analyses and explains reasons behind price increases.
New strategic agreements between Azerbaijan and USA
Azerbaijan and USA signed strategic agreements worth $7.5 billion. Cooperation in energy, technology, and critical minerals enters a new phase.
Not Just Land: What Did We Regain?
Aghdara's strategic importance, liberation from occupation, and revival featured in Baku TV program.
Global economy faces worst crisis in 40 years
If Middle East conflict lasts until 2027, global economy could face worst crisis in 40 years – OECD forecast via Bloomberg.
New entities added to budget classification
The Cabinet of Ministers has added AZCON Holding, the Presidential Reserve Fund, and other entities to the budget classification. The decision is effective from January 1, 2025.
Masdar: Azerbaijan can become key hub between Central Asia and Europe
Masdar director Abdulla Zayed: Azerbaijan can become a green energy hub between Central Asia and Europe. The country has renewable energy potential and will play a bridging role in the region.
Baku to host US 2nd Global AI Week
Baku will host the US 2nd Global Artificial Intelligence Week. The first Azerbaijan-US Economic Dialogue discussed digital infrastructure, AI, and investment opportunities.
Iran Economy SOS: Worst Inflation Since 1942
Iran economy SOS: Worst inflation since 1942. May CPI up 77.2% YoY, essential goods up 113.8%. Causes: US and Israeli strikes on business and oil sectors.
Minister: Strong potential in Azerbaijan-US critical minerals cooperation
Economy Minister Mikayil Jabbarov revealed the potential for Azerbaijan-US cooperation in critical minerals.
Azerbaijan-US economic partnership prospects discussed
Azerbaijan and the US discussed prospects for economic partnership development at Baku Energy Week.
Bayramov Meets US Deputy Assistant Secretary
Azerbaijan's Foreign Minister Jeyhun Bayramov met US Deputy Assistant Secretary Caleb Orr to discuss bilateral relations, energy, and economic cooperation.
Former deputy chief Zulfugar Mansurov released from custody
Former deputy head Zulfugar Mansurov, arrested on bribery charges, released by Baku Court of Appeal.
UK manufacturers raise prices at fastest pace in nearly 4 years
UK manufacturers raised prices at fastest pace since June 2022 as Iran war disrupts supply chains, PMI shows. BoE watches closely.
US Deputy Assistant Secretary visits Azerbaijan
U.S. Deputy Assistant Secretary Kaleb Orr visits Azerbaijan for talks on economic, energy, and business cooperation.
Czech PM: EU is following the path of the Roman Empire
Czech PM Andrej Babiš warns the EU may collapse like the Roman Empire due to decarbonization policies. Defense spending target also in question.
US stock futures rise on Iran peace deal, payrolls
US stock futures rise on hopes of Iran peace deal and ahead of key payrolls data this week.
German infrastructure fund misses spending targets
Germany's €500 billion infrastructure fund fails to meet spending targets as finance ministry report shows slow progress and missed milestones.
South Korea Luxury Demand Upside
South Korea luxury demand upside: UBS highlights brands like Moncler, Prada, Hermès that could benefit from rising consumer wealth and semiconductor boom.
Sharaa and Trump hold phone call
Syrian President Ahmed al-Sharaa and U.S. President Donald Trump discussed economic support and sanctions in a phone call.
First US-Azerbaijan Economic Dialogue to be held
First US-Azerbaijan Economic Dialogue on June 2 in Baku. Discussions on trade, investments, energy security, AI, and digital infrastructure.
Kevin Warsh: New Fed Chair Hawk or Dove?
Kevin Warsh, the new Fed Chair, faces a tough start. Is he a hawk or a dove? BofA analysts analyze his policy stance and market impact.
Guyana Oil Boom and Growth Strains
Guyana experiences an oil boom due to the Iran war, but faces economic challenges and growth strains.
Japan's Population Sees Record Decline
Japan's population declines by record 3.09 million to 123 million in 2025 census. Government plans measures.
Flesh-Eating Fly Found 31 Miles from US Border
Flesh-eating screwworm found 31 miles from US border. USDA warns of $1.8 billion damage risk to Texas economy.
Strong wind topples tree onto car in Goychay
Strong wind in Goychay topples tree onto car. No injuries. Power lines damaged.
EU Releases €16.4B Frozen Funds for Hungary
The European Commission releases €16.4 billion in frozen EU funds to Hungary after reforms. Details on Next Generation EU and cohesion funds.
Fed's Bowman: Extended energy shock could change policy
Fed Vice Chair Michelle Bowman warns that a prolonged energy shock from the Middle East conflict could lead to persistent inflation and potentially shift monetary policy.
Glove factory launched in Khankendi with $3.5M investment
A glove factory with $3.5M investment launched in Khankendi, producing 25 million pairs annually and creating jobs for local residents.
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