Azernews.Az

Thursday April 3 2025
Azerbaijan explores potential of regenerative economics for sustainable future

Azerbaijan explores potential of regenerative economics for sustainable future

The emphasis on Gross Domestic Product (GDP) as the primary economic indicator has long been critiqued for its inability to account for social and environmental well-being. GDP reflects the total market value of goods and services produced in a country but fails to consider the distribution of wealth, environmental degradation, or social equity. In Azerbaijan, as the data shows, the non-oil and gas sector is growing, which suggests a shift towards a more diversified economy. However, the country’s dependency on the oil and gas sector still remains a key vulnerability.

Azeri light crude oil price drops at Augusta and Ceyhan Ports

Azeri light crude oil price drops at Augusta and Ceyhan Ports

In Italy’s Augusta port, the CIF-based price of Azerbaijan’s "Azeri Light" crude oil decreased by $0.33 or 0.42% compared to the previous figure, reaching $78.38 per barrel, Azernews reports.

Over 45 billion cubic meters of gas supplied to Europe via TAP, energy minister

Over 45 billion cubic meters of gas supplied to Europe via TAP, energy minister

More than 45 billion cubic meters of gas have been delivered to Europe through the Trans Adriatic Pipeline (TAP), Azernews reports, citing Azerbaijani Energy Minister Parviz Shahbazov's post on his official X account.

President Ilham Aliyev outlines conditions for signing peace treaty with Armenia

President Ilham Aliyev outlines conditions for signing peace treaty with Armenia

“To date, the text of the peace treaty consisting of 17 paragraphs has been fully agreed upon. Azerbaijan is not putting forward any additional conditions here. Our conditions are known to Armenia; they are not new. We have been putting forward these conditions for a long time. However, we have not received any serious response from Armenia to date. What do they consist of? First, the OSCE Minsk Group must be dissolved, President Ilham Aliyev said during a joint press conference with German President Frank-Walter Steinmeier.

New discoveries shed light on March Genocide coacted by Armenians & Bolsheviks

New discoveries shed light on March Genocide coacted by Armenians & Bolsheviks

Driven by the vision of creating "Greater Armenia," Armenians carried out mass killings of Azerbaijanis between 1905 and 1907. These massacres began in Baku and spread throughout Azerbaijan, including in what is now Armenia, leading to the destruction of hundreds of settlements and the brutal deaths of thousands of Azerbaijanis.

Latest See more