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Thursday, August 20, 2026
What Big Mac Index says about Azerbaijan’s manat?

What Big Mac Index says about Azerbaijan’s manat?

The Big Mac Index of The Economist assesses the manat 31.4% undervalued against the US dollar in terms of purchasing power parity, compared to 36.8% one year ago. The balance of Azerbaijan for the period January to July is $9.46 billion, almost six times higher than a year earlier. The Central Bank holds $13.8 billion of reserves and now considers currency appreciation as a policy instrument rather than a factor.

Nation
Baku to host international conference on Belgian colonialism

Baku to host international conference on Belgian colonialism

An international conference titled "101 Years of the Injustices of Belgian Colonialism and the Struggle for Reparations" will be held in Baku on August 21, organized by the Baku Initiative Group.

Oil & Gas
Azeri Light crude oil price climbs above $95 per barrel

Azeri Light crude oil price climbs above $95 per barrel

The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port, on a CIF basis, rose by $0.90, or 0.95%, from the previous figure to $95.48 per barrel.

Business
Gold slips as silver rallies after Treasury boosts bond buybacks

Gold slips as silver rallies after Treasury boosts bond buybacks

Gold prices edged lower on the New York COMEX commodities exchange, while silver prices moved higher. The price of one troy ounce of gold fell by...

Armenian-Azerbaijani Relations
Yerevan plans to adopt new Constitution as Armenia-Azerbaijan peace process continues

Yerevan plans to adopt new Constitution as Armenia-Azerbaijan peace process continues

Yerevan plans to adopt a new constitution, according to Armenia’s development program. The relevant draft has been published on the country’s unified e-government portal.

World
Saudi Arabia removes references to Jerusalem and Palestine from school textbooks [PHOTO]

Saudi Arabia removes references to Jerusalem and Palestine from school textbooks [PHOTO]

Saudi Arabia has removed the phrase “Muslims will never give up Jerusalem” from school textbooks, in what Israeli research organisation IMPACT-se (Institute for Monitoring Peace and Cultural Tolerance in School Education) described as a significant shift in the way Islam, Palestine and Israel are presented in the country’s educational curriculum.

Analysis

Lifestyle
Scholars from thirty countries to gather for World Nomad Games conference

Scholars from thirty countries to gather for World Nomad Games conference

Azerbaijani scholars and researchers will participate in an international scientific conference dedicated to the study of nomadic civilizations, AzerNEWS reports citing Kabar News Agency.

Culture
Culture Ministry holds talks on book publishing and library reforms [PHOTOS]

Culture Ministry holds talks on book publishing and library reforms [PHOTOS]

Azerbaijan Culture Ministry has held a meeting with writers and publishers to discuss publication purchases, upcoming book fair preparations, and ongoing library reforms.

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

Events
First Karabakh War-era ordnance found at Agdam cemetery [PHOTOS]

First Karabakh War-era ordnance found at Agdam cemetery [PHOTOS]

Military ordnance left over from the First Karabakh War has been discovered at the Qaragachi cemetery in Azerbaijan’s Agdam district.

Sports
Azerbaijani taekwondo fighter wins bronze in Pakistan [PHOTOS]

Azerbaijani taekwondo fighter wins bronze in Pakistan [PHOTOS]

Azerbaijani taekwondo fighter Gashim Magomedov has won a bronze medal at the 8th Asian Region President's Cup in Lahore, Pakistan.

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