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

... 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 producing and exPorting country, it has also made progress in the direction of the energy transition. In recent years, large-scale reforms have been carried out in th ...

Ookla Launches Initiative to Accelerate Connectivity in Azerbaijan Hospitality Sector

... ader 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 connectivity and providing guests with world-class digital experiences, providing a fast-tracked path f ...

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

... real sector and continues to successfully fulfill this mission. “Years of sustainable and purpose-driven growth have paved the way for our entry into the capital market. This step creates new opPortunities to make a stronger contribution to the national economy, particularly to the development of the non-oil sector,” the CEO noted. P ...

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

... ent with the affirmation at yesterday’s meeting of the PAM Bureau of the observer status to be granted to the Milli Majlis, going further to state her belief that this status will open up new opPortunities to develop inter-parliamentary connexions once the final decision has been passed. President of the Parliamentary Assembly of the Medit ...

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

... as the first large-scale lottery in Azerbaijan built on an artificial intelligence–based platform. By actively using the “Chance” package and Bakcell services, subscribers had the opPortunity to win remarkable prizes. Throughout the lottery, a total of 92 iPhone 17 smartphones, 13 Zeekr 001 vehicles, and 1 Porsche Cayenne were awa ...

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

... Sahiba brought up the successful organisation of the 2nd Session of the Women Parliamentary Forum of the Parliamentary Assembly of the Mediterranean and emphasised such international events’ imPortance for the discussion of the issues of concern to Humanity. Other matters of shared interest were exchanged opinions about at the meeting as ...

Kapital Bank holds cyber fraud prevention training at ASOIU

... e training session was opened by Gunel Tagiyeva, a representative of the Public Relations and Marketing Department of Azerbaijan State Oil and Industry University. In her speech, she emphasized the imPortance of digital security and noted that thousands of students study at the university, including a significant number of international students. I ...

Sahiba Gafarova Addresses the 2nd Session of Women Parliamentary Forum of Parliamentary Assembly of the Mediterranean

... t the Milli Majlis of Azerbaijan had submitted an official application for the observer status in the Parliamentary Assembly of the Mediterranean. Sahiba Gafarova said at that that she was certain supPorting that application would give rise to new opPortunities of yet closer co-operation and more efficient joint activities. As she put it, we are in ...

SOFAZ revenue and expenditure Statement for January - December 2025

... 6.2%, resulting in return of 6.9 billion manats (USD 4 billion). SOFAZ transferred 14.5 billion manats to the state budget.   The State Oil Fund of the Republic of Azerbaijan (SOFAZ) rePorts that as of December 31, 2025, SOFAZ's assets increased by 22.5% totaling 73 541.5 million US dollars (125 020.5 million manats), compared to ...

Energy cooperation was discussed with the World Bank

... well as Rolande Pryce, Regional Director for the South Caucasus at the World Bank. The sides exchanged views on existing projects implemented in the energy sector of Azerbaijan, new cooperation opPortunities, including renewable energy, energy efficiency, modernization of power grids, energy storage systems, rooftop solar energy and regional en ...

Speaker of Milli Majlis Sahiba Gafarova Arrives in United Arab Emirates on a Visit

... of the Women Parliamentary Forum of the Parliamentary Assembly of the Mediterranean (PAM). The parliamentary delegation led by the Speaker of the Milli Majlis were welcomed at the international airPort of the city of Abu Dhabi by Speaker of the UAE Federal National Council Saqr Ghobash, Deputy Speaker of the UAE Federal National Council and Pres ...

SOCAR President Meets World Bank Regional Director for Infrastructure in Europe and Central Asia

... cture for Europe and Central Asia at the World Bank. During the meeting, satisfaction was expressed with the long-term cooperation established between SOCAR and the World Bank, and the strategic imPortance of jointly implemented projects, including the Southern Gas Corridor, for Europe’s energy security was highlighted. It was also emphasi ...

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