Azernews.Az

Saturday December 20 2025
SOFAZ records strong gains from equity investments

SOFAZ records strong gains from equity investments

The State Oil Fund of Azerbaijan (SOFAZ) has continued to demonstrate resilience and strong performance through its equity investments in global financial markets. Over the past several years, the Fund has pursued a carefully designed strategy of allocating capital into equity indices, and the latest figures released by SOFAZ highlight the effectiveness of this approach. The results confirm that the Fund’s long‑term asset management philosophy is not only sound but also capable of delivering substantial growth in relatively short periods of time.

Nation
Azerbaijani PM meets Montenegro’s Deputy PM

Azerbaijani PM meets Montenegro’s Deputy PM

Azerbaijani Prime Minister Ali Asadov met with Montenegro’s Deputy Prime Minister and Minister of Foreign Affairs Ervin Ibrahimović on December 20, Azernews reports, citing the Cabinet of Ministers.

Oil & Gas
Azeri Light oil price increase

Azeri Light oil price increase

The price of Azerbaijan’s Azeri Light crude oil delivered to Italy’s Augusta port on a CIF basis has increased by $0.38, or 0.6 percent, reaching $64.25 per barrel compared to the previous assessment, Azernews reports.

Business
Baku boosts economic cooperation with Türkiye through investments

Baku boosts economic cooperation with Türkiye through investments

In January–September this year, Azerbaijan invested $288.613 million in Türkiye’s economy through direct investments, Azernews ​reports, citing the Central Bank of Azerbaijan.

Analysis

Armenian-Azerbaijani conflict
Pashinyan calls for restoration of railway links as Azerbaijani fuel shipment heads to Armenia

Pashinyan calls for restoration of railway links as Azerbaijani fuel shipment heads to Armenia

Armenian Prime Minister Nikol Pashinyan has said he asked Russia to urgently restore several key railway lines, Azernews reports via Armenian media.

Armenian Aggression
How diaspora politics in Washington distort justice in South Caucasus [OPINION]

How diaspora politics in Washington distort justice in South Caucasus [OPINION]

There is something strikingly familiar about the latest legislative initiative introduced by Representatives Gus Bilirakis and Frank Pallone. Once again, a pair of United States lawmakers has placed itself at the centre of a deeply polarised foreign conflict, not by promoting balance or legal clarity, but by recycling talking points carefully curated by the Armenian diaspora lobby in Washington.

World
Government authorizes Defense Ministry to scrap bilateral military treaties with multiple NATO members

Government authorizes Defense Ministry to scrap bilateral military treaties with multiple NATO members

The Russian government on Saturday officially authorized the Defense Ministry to terminate a series of bilateral military cooperation agreements signed with several European nations between 1992 and 2002, Azernews reports, citing Anadolu Agency.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Lifestyle
Azerbaijan represented at int'l exhibition in Algeria [PHOTOS]

Azerbaijan represented at int'l exhibition in Algeria [PHOTOS]

An international exhibition and fashion show has taken place in Algiers, the capital of the People's Democratic Republic of Algeria, Azernews reports, citing the Azerbaijan State Committee on Work with Diaspora.

Culture
Baku marks anniversary of Icherisheher's UNESCO World Heritage inscription [PHOTOS]

Baku marks anniversary of Icherisheher's UNESCO World Heritage inscription [PHOTOS]

A jubilee event has been held to mark the 25th anniversary of the inclusion of Baku's Old City (Icherisheher), together with the Maiden Tower and the Shirvanshahs' Palace Complex, in UNESCO's World Heritage List, Azernews reports.

Events
Energy security meets climate goals in Baku-Abu Dhabi strategic partnership [ANALYSIS]

Energy security meets climate goals in Baku-Abu Dhabi strategic partnership [ANALYSIS]

The Garadagh Solar Power Plant, developed in cooperation with the UAE’s Masdar, marked an important milestone as Azerbaijan’s first large-scale solar project built with foreign investment. This was followed by the launch of even more ambitious projects, including the Bilasuvar and Neftchala solar power plants and the Absheron-Garadagh wind power plant. With a total planned capacity of 1,000 megawatts, these projects reflect Azerbaijan’s commitment to green energy and the UAE’s growing role as a global renewable energy investor...

Sports
Neftçi defeats Karvan in tight Premier League clash

Neftçi defeats Karvan in tight Premier League clash

In the 16th round of the Azerbaijan Premier League, Karvan-Yevlakh hosted Neftçi in a closely contested match that ended with a 2-1 victory for the visitors, Azernews reports.

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