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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.

Nation
Baku Initiative Group urges France to fulfill its commitments in Kanaki [PHOTO]

Baku Initiative Group urges France to fulfill its commitments in Kanaki [PHOTO]

Since its establishment, the Baku Initiative Group (BIG) has remained committed to dialogue and the peaceful resolution of conflicts.

Oil & Gas
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.

Business
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.

Analysis

Armenian-Azerbaijani conflict
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.

Armenian Aggression
Human-like skeleton fragments unearthed in Aghdara

Human-like skeleton fragments unearthed in Aghdara

World
Samsung expect to launch ultra-slim Galaxy S25 Edge by June

Samsung expect to launch ultra-slim Galaxy S25 Edge by June

Samsung Electronics is expected to unveil its new ultra-slim Galaxy S25 Edge smartphone by June, according to industry sources on Wednesday, Azernews reports.

Travel
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
Heritage samples of national tourism brand lenses and "Art of decoration" exhibited in Shusha [PHOTOS]

Heritage samples of national tourism brand lenses and "Art of decoration" exhibited in Shusha [PHOTOS]
Deputy head of Agency: Western Azerbaijan has rich cultural and gastronomic heritage

Deputy head of Agency: Western Azerbaijan has rich cultural and gastronomic heritage

Lifestyle
Lyrid meteor shower to be observed in Azerbaijan

Lyrid meteor shower to be observed in Azerbaijan

From mid to late April, Lyrid meteor shower will be observed, Azernews reports.

Culture
Azerbaijan demonstrates its literary heritage at 62nd Bologna Children's Book Fair [PHOTOS]

Azerbaijan demonstrates its literary heritage at 62nd Bologna Children's Book Fair [PHOTOS]

Azerbaijan has proudly showcased its literary heritage at the 62nd annual Bologna Children's Book Fair (BCBF) with the support of the Culture Ministry, Azernews reports.

Events
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.

Sports
National Chess Championship concludes [PHOTOS]

National Chess Championship concludes [PHOTOS]

Azerbaijan National Chess Championship for boys and girls aged 8 to 18 has concluded, Azernews reports.

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