AzerNews - News from Azerbaijan, Business, Energy, Analysis

While oil prices hog the headlines and gas only gets a mention when winter rolls around, a far more important metal has been quietly flying under the radar - copper.

The Moldovan government is working to complete the technical preparations for EU membership negotiations by the beginning of 2028, with the goal of being fully prepared to join the European Union by 2030.

Footage of President Ilham Aliyev's participation in the inauguration of the pharmaceutical manufacturing plant of Gen Pharma Caucasus Manufacturing Operations LLC in Pirallahi Industrial Park was posted on his social media pages.

Israeli Prime Minister Benjamin Netanyahu has ordered a comprehensive review of security arrangements governing foreign airlines flying to Israel following the attempted attack aboard a flydubai flight travelling from Dubai to Tel Aviv.

Azerbaijan’s oil exports to Switzerland tripled in volume in the first eight months of this year.

Speaking about the impact of disruptions in the global oil market, Nasser said pressure on oil supplies would intensify until the Strait of Hormuz is fully reopened and confidence in the market is restored.

Fitch Solutions expects the average annual price of Brent crude to decline from $83 per barrel in 2026 to $71 per barrel in 2027, according to the company’s latest commodity markets report.

For five days, the ancient city of Shaki is once again turning its stages into a meeting point for theatre traditions from across the region.

Major dredging work has begun at the Port of Aktau to improve the efficiency of cargo transportation along the Trans-Caspian International Transport Route [Middle Corridor].

The total credit portfolio allocated to Azerbaijan’s trade and services sector by banks and non-bank credit institutions reached 4.6184 billion manats as of the end of August 2026, according to official statistics.

The Azerbaijan Mine Action Agency (ANAMA) has released data on mine-clearance operations carried out in the liberated territories between September 28 and October 4.

NATO’s military command has drawn up a new defense plan for the alliance’s eastern flank that would make greater use of drones and artificial intelligence.

The opening ceremony of the World Judo Championships has begun at the National Gymnastics Arena in Baku.

Azerbaijan plans to establish greenhouses covering a total area of 230 hectares in its territories liberated from occupation, Agriculture Minister Majnun Mammadov said.

Wealthy Britons and investors are leaving the UK, raising concerns about London’s position as a global financial centre.

Demand for services and technologies designed to protect commercial vessels from drone attacks has increased dramatically amid a series of airstrikes in the Red, Black Seas and the Persian Gulf.

German Chancellor Friedrich Merz and Ukrainian President Volodymyr Zelensky failed to reach an agreement on Ukraine’s accession to the European Union.

Azerbaijan and Türkiye have discussed ways to expand cooperation in the areas of labor and social protection.

TAP AG, operator of the Trans-Adriatic Pipeline (TAP) carrying Azerbaijani natural gas to Europe, plans to complete a new gas transmission infrastructure facility in southern Albania in the fourth quarter of 2027.

Iran and Azerbaijan have highlighted the importance of strengthening cooperation in law enforcement and security as Tehran prepares for a visit by Iranian Interior Minister Eskandar Momeni to Azerbaijan.

A concert celebrating vocal and opera music has been held at the historic German Lutheran Church in Azerbaijan's Shamkir district.

In the modern era, the development trajectory of the global economy and geopolitics clearly demonstrates that every independent state must ensure its strategic security at the highest possible level, particularly its healthcare and pharmaceutical independ…

Some of the eight officers killed aboard a Russian Tu-95MS strategic bomber-missile carrier that crashed in the Amur region on September 29 had been involved in organizing and providing methodological support for missile strikes against Ukraine, according…

Francesca Albanese, the UN special rapporteur on the occupied Palestinian territory, has rejected claims by the Israeli military that 170 journalists killed by its forces in the Gaza Strip were members of armed groups.

Natural gas storage facilities across Europe are currently 72.4% full.

Russian Security Council Deputy Chairman Dmitry Medvedev has warned that Armenia's growing orientation towards the West could have serious consequences, saying the “worst” outcome would be for the South Caucasus country to become a “new Ukraine.”

Turkiye will become a major platform for showcasing the national fashion of the Turkic world in October.

Türkiye’s trade with four fellow members of the Organization of Turkic States (OTS) reached $72.2 billion between 2021 and 2025, with Azerbaijan emerging as the largest destination for Turkish exports among the group.

Russian authorities have introduced anti-epidemic measures in the Siberian region of Irkutsk following the death of a woman suspected of having contracted plague.

Debris believed to belong to a medical evacuation aircraft has been discovered in the Atlantic Ocean after contact was lost with the plane while it was flying from Bermuda to Boston.

The latest stage of the 3rd Fidan Hajiyeva International Opera Festival has been held in Ganja.

Oil prices have fallen on global markets.

President of the Republic of Azerbaijan Ilham Aliyev received the newly appointed Ambassador Extraordinary and Plenipotentiary of Malaysia to Azerbaijan, Aznifah Isnariah Binti Abdul Ghani, on October 5.

Azerbaijan directed more than three-quarters of its fixed capital investment to the non-oil and gas sector in 2025, although investment declined in both the energy and non-energy segments compared with the previous year.

Estonia is permanently moving troops closer to its border with Russia and acquiring long-range weapons capable of striking deep inside Russian territory as part of a new “active defense” strategy, the Financial Times reports, citing Estonian military and…

The 6th Booktrailer International Film Festival will be held in Azerbaijan.

President of the Republic of Azerbaijan Ilham Aliyev received Etienne Berchtold, the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Austria to Azerbaijan, on October 5.

A decline in fertilizer supplies could raise agricultural production costs, putting additional pressure on food prices, according to the report.

The Embassy of Pakistan in Baku, in collaboration with the Pakistani Language and Culture Center at Azerbaijan University of Languages, organized a literary event titled "Bridge Between Languages: Presentation of Azerbaijani-Urdu Literary Translations.

The 4th International Mobile Film Festival CINEMO will be held this year.

Gold prices edged higher on the COMEX commodity exchange in New York, with the price of one troy ounce rising by ...

SOCAR Downstream, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has been selected as Project Management Consultant (PMC) for the National Oil Company of the Congo (SNPC), marking a new stage in energy cooperation between Azerbaijan and the…

A border post has been opened at the foot of Mount Belukha in Kazakhstan’s East Kazakhstan Region, near the border with Russia, the regional akimat’s press service reported.

Most major assets in the cryptocurrency market recorded gains over the past 24 hours.

President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of the pharmaceutical manufacturing plant of Gen Pharma Caucasus Manufacturing Operations LLC in Pirallahi Industrial Park on October 5.

The Saudi-led coalition will continue providing operational support to the Yemeni army in its fight against the Houthis.

The feature film "44" will be screened in cinemas across Azerbaijan starting October 15.

Azerbaijan and Sweden have discussed cooperation in the areas of green transition and innovation.

United States Southern Command (SOUTHCOM) said it carried out a "lethal, kinetic strike on a go-fast vessel" in the Caribbean, killing four alleged narco-terrorists.

Right-wing Senator Flavio Bolsonaro will face Brazilian President Luiz Inácio Lula da Silva in a runoff election after neither candidate secured an outright majority in the first round of Brazil’s presidential vote.