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Saturday, October 17, 2026
Azerbaijan targets 82% non-oil GDP share in push to diversify economy

Azerbaijan targets 82% non-oil GDP share in push to diversify economy

Azerbaijan’s economic outlook through 2030 places diversification at the centre of its development strategy. The government projects gross domestic product to reach 169.1 billion manat, equivalent to approximately $99.5 billion, by the end of the decade, with the non-oil and gas sector accounting for 82% of GDP. These targets outline an ambitious economic agenda built around industrial expansion, stronger exports, investment and the development of higher-value economic activities.

Nation
Chronicles of Victory: President Ilham Aliyev addresses nation on October 17, 2020 [VIDEO]

Chronicles of Victory: President Ilham Aliyev addresses nation on October 17, 2020 [VIDEO]

The Azerbaijani Army launched a counter-offensive operation, later called the "Iron Fist," on September 27, 2020, in response to the large-scale provocation of the Armenian armed forces along the frontline.The 44-day second Karabakh war ended with the liberation of Azerbaijan’s territories from nearly 30-year Armenian occupation and the restoration of territorial integrity.

Oil & Gas
Azerbaijan expects oil prices to stay above $65 in 2027

Azerbaijan expects oil prices to stay above $65 in 2027

Oil price deviations from the baseline forecast have been assessed across different probability ranges to account for uncertainty in the oil market. This was stated in the Medium-Term Expenditure Framework (MTEF) for 2027–2030, prepared by Azerbaijan’s Ministry of Finance. Oil price risk scenarios were developed based on deviations of...

Business
Azerbaijan and Iran resume two-way natural gas trade as Tehran eyes expanded cooperation

Azerbaijan and Iran resume two-way natural gas trade as Tehran eyes expanded cooperation

Azerbaijan exported 175.237 million cubic metres of natural gas worth $11.793 million to Iran during January–August 2026, while importing a larger volume of gas from its southern neighbour, according to the State Statistical Committee.

Armenian-Azerbaijani Relations
Yerevan says enclave issue will not prevent signing of peace agreement with Baku

Yerevan says enclave issue will not prevent signing of peace agreement with Baku

The issue of enclaves and exclaves between Armenia and Azerbaijan does not constitute an obstacle to signing the initialled peace agreement, Armenian Foreign Minister Ararat Mirzoyan has stated.

World
One killed, 19 wounded in Russian attacks on Kherson

One killed, 19 wounded in Russian attacks on Kherson

One person was killed and 19 others wounded in Russian attacks on Ukraine's Kherson region over the past day, Governor Oleksandr Prokudin reported on Saturday, including two children among the injured.

Analysis

Lifestyle
Melt-in-your-mouth delights to warm up this autumn [PHOTOS]

Melt-in-your-mouth delights to warm up this autumn [PHOTOS]

Autumn arrives in Azerbaijan with pomegranates bursting with ruby-red seeds, persimmons hanging like little orange lanterns from the branches and the sweet, earthy scent of roasted chestnuts drifting through the streets.

Culture
Alena Aliyeva shares post from Anar Huseynzade’s exhibition “O” [PHOTOS]

Alena Aliyeva shares post from Anar Huseynzade’s exhibition “O” [PHOTOS]

Alena Aliyeva has shared post on her Instagram page from Anar Huseynzade’s solo exhibition, titled "O," which is currently being held at the Museum of Modern Art, .

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
Azerbaijan, NATO discuss military education [PHOTOS]

Azerbaijan, NATO discuss military education [PHOTOS]

On October 16, the First Deputy Minister of Defense of the Republic of Azerbaijan – Chief of the General Staff of the Azerbaijan Army Colonel General Karim Valiyev met with a NATO delegation within the 3rd workshop of the Partner Capacity Coherence Initiative – 2026 and the Self-Evaluation Level 1 (SEL 1) exercise.

Sports
Baku hosts first Open IBFF Fit Kids Azerbaijan Championship [PHOTOS]

Baku hosts first Open IBFF Fit Kids Azerbaijan Championship [PHOTOS]

The first Open IBFF Fit Kids Azerbaijan Championship has been held at the Sports Palace of Azerbaijan Technical University, bringing together young athletes from Azerbaijan, Poland and Russia.

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