Azerbaijan’s debt strategy sets model for fiscal sovereignty amid global volatility
In an era where global debt levels are soaring and economic uncertainty looms large, Azerbaijan has quietly but decisively charted a course that deserves international recognition. The country’s strategic reduction of its external debt, which is from $8.9 billion in 2018 to $4.9 billion as of October 2025, is not merely a fiscal achievement. It is a declaration of economic independence, a testament to disciplined governance, and a blueprint for emerging economies seeking resilience in a turbulent global landscape.
![Azerbaijan's First VP Mehriban Aliyeva meets with Vatican’s Secretary of State [PHOTO]](https://www.azernews.az/media/2025/10/18/876x563/17607288033074432220_1200x630.jpg)
Azerbaijan's First VP Mehriban Aliyeva meets with Vatican’s Secretary of State [PHOTO]
On October 17, First Vice-President of the Republic of Azerbaijan Mehriban Aliyeva met with Cardinal Pietro Parolin, Secretary of State of the Vatican.
-
First Vice-President Mehriban Aliyeva meets with Pope Leo XIV [PHOTOS/VIDEO]
-
Azerbaijan hosts first-ever D-8 week, strengthening ties within developing nations alliance [PHOTOS]
-
President Ilham Aliyev addresses participants of 4th meeting of Asian Cultural Council of Int'l Conference of Asian Political Parties
-
President: Azerbaijan promotes harmonious relations among different cultures on int'l stage
Oil product exports from Azerbaijan to India decline sharply
From January to September 2025, Azerbaijan exported oil products derived from crude oil and bituminous rocks to India valued at $53.5 million, with a volume of 107,500 tons, Azernews reports, citing the State Customs Committee. According to information, this represents a significant decline compared to the same period last year, with the value decreasing by...
Azerbaijan’s power exports to Iran decline to $594,000 in January–August
In January–August 2025, Azerbaijan exported 20.923 million kWh of electricity to the Islamic Republic of Iran, Azernews reports, citing the State Statistics Committee. Revenue from these exports totaled...
Armenia rejects Azerbaijan’s demand for constitutional changes before peace deal
Armenia has firmly rejected Azerbaijan’s demand to amend its constitution as a precondition for signing a peace agreement, Foreign Minister Ararat Mirzoyan said during a joint press conference with Finnish Foreign Minister and OSCE Chair Elina Valtonen, Azernews reports, local media outlets.
-
UK lifts arms embargo on Azerbaijan and Armenia amid progress in peace process
-
Kocharyan resurfaces to reignite Armenia’s political fault lines
-
Baku Military Court reviews evidence on mercenaries involved in 44-Day War [PHOTOS]
-
Armenian leadership ordered to fire ballistic missiles in Ganja [PHOTOS]
![Defendants challenge evidence as Baku Court examines public statements in war crimes trial [PHOTOS]](https://www.azernews.az/media/2025/10/17/426x235/1760718605481863068_1200x630.jpg)
Defendants challenge evidence as Baku Court examines public statements in war crimes trial [PHOTOS]
The open court hearing session for criminal cases against citizens of the Republic of Armenia, including Arayik Harutyunyan, Arkadi Ghukasyan, Bako Sahakyan, Davit Ishkhanian, David Babayan, Levon Mnatsakanyan, and others, who are accused of crimes against peace and humanity, war crimes—including the preparation and conduct of aggressive war, genocide, violation of the laws and customs of war—as well as terrorism, financing of terrorism, forcible seizure of power, forcible retention of power, and numerous other crimes resulting from Armenia's military aggression against Azerbaijan, continued on October 17.
Prince Andrew could lose Duke of York title as King Charles weighs next move
King Charles is reportedly considering stripping his brother Prince Andrew of his royal title amid renewed interest surrounding Andrew's connection to convicted sex offender Jeffrey Epstein.
![Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]](https://www.azernews.az/media/2025/03/22/426x235/17425624306408228467_1200x630.jpg)
![Azerbaijani tea tasting held in Estonia [PHOTOS]](https://www.azernews.az/media/2025/10/17/426x235/ghtyjyuju9.jpg)
Azerbaijani tea tasting held in Estonia [PHOTOS]
Azerbaijani tea tasting event titled "Azerbaijani Tea: Traditions and Modernity" has taken place at the "Buta" Azerbaijani Culture Center in Tallinn, led by artist Rovshan Nur, Azernews reports.
![National Library launches virtual exhibition on Fuzuli City Day [PHOTOS]](https://www.azernews.az/media/2025/10/17/426x235/grtghythyh1.jpg)
National Library launches virtual exhibition on Fuzuli City Day [PHOTOS]
On this historic day, the Azerbaijan National Library has presented a virtual exhibition titled "October 17 – Fuzuli City Day" as well as a traditional book exhibition of the same name for its users, Azernews reports.
Baku to host International Coaching Certification
The World Coaching Organization (WCO) has been delivering international coaching programs for years, empowering individuals and organizations across various countries, Azernews reports. This year, for the first time, the program will be held in Azerbaijan.
-
Turkic Culture and Heritage Foundation celebrates Dede Korkut’s legacy in Kazakhstan [PHOTOS]
-
Azerbaijan shapes future of Turkic cooperation at Gabala Summit [OPINION]
-
President Ilham Aliyev welcomes Heads of State and Government participating in 12th Summit of OTS Council of Heads of State in Gabala [PHOTOS]
Luka Gabrilo appointed as head coach of national swimming team
Luka Gabrilo has been appointed as the head coach of the Azerbaijan's national swimming team, Azernews reports.
-
Azerbaijan's First VP Mehriban Aliyeva meets with Vatican’s Secretary of State [PHOTO]
00:31 -
Prince Andrew could lose Duke of York title as King Charles weighs next move
17 October 23:32 -
Ford issues recall for large number of vehicles in US
17 October 23:21 -
Defendants challenge evidence as Baku Court examines public statements in war crimes trial [PHOTOS]
17 October 23:07 -
Hyundai shifts focus to China and India to reduce US reliance
17 October 22:50 -
Microsoft plans to rebuild Windows entirely around AI
17 October 22:25 -
Samsung Electronics and C&T back U.S. biotech startup Grail with new funding
17 October 21:45 -
Toyota overtakes BMW and Mercedes as world’s most valuable car brand
17 October 21:22 -
Saudi Arabia and US may finalize military pact
17 October 20:50 -
S Korea sees rise in production and consumption
17 October 20:21 -
First Vice-President Mehriban Aliyeva meets with Pope Leo XIV [PHOTOS/VIDEO]
17 October 20:06 -
Azerbaijan’s power exports to Iran decline to $594,000 in January–August
17 October 19:44 -
Oil product exports from Azerbaijan to India decline sharply
17 October 19:13 -
Urea exports highlight growth in Azerbaijan’s industrial output
17 October 18:30 -
Azerbaijan hosts first-ever D-8 week, strengthening ties within developing nations alliance [PHOTOS]
17 October 18:22 -
Fiscal prudence pays off as Azerbaijan slashes foreign debt by $4 bln
17 October 18:05 -
National Library launches virtual exhibition on Fuzuli City Day [PHOTOS]
17 October 17:53 -
Azerbaijan’s electricity output rises as green energy share expands
17 October 17:35 -
Azerbaijani tea tasting held in Estonia [PHOTOS]
17 October 17:19 -
Azerbaijan’s debt strategy sets model for fiscal sovereignty amid global volatility
17 October 17:04 -
EU remains Azerbaijan’s top trade partner with over 42% share of total turnover
17 October 16:39 -
Cadenza Orchestra to give concert in honor of national composer
17 October 16:18 -
Azerbaijan’s Mortgage Fund expands housing access with ₼354 mln in loans
17 October 16:05 -
President Ilham Aliyev addresses participants of 4th meeting of Asian Cultural Council of Int'l Conference of Asian Political Parties
17 October 15:58 -
Court reviews evidence against Armenian nationals accused of inciting hostility
17 October 15:51 -
Italy strengthens energy ties with Azerbaijan through rising oil import
17 October 15:43 -
Hologram Circus Show to be held in Baku for first time
17 October 15:31 -
bp honours Uzeyir Hajibeyli on the 140th anniversary of his birth [PHOTOS]
17 October 15:22 -
Road transport exports and imports surge in Azerbaijan
17 October 15:05 -
President: Azerbaijan promotes harmonious relations among different cultures on int'l stage
17 October 15:01 -
Azerbaijan has been unique space where various civilizations meet throughout history - President Ilham Aliyev
17 October 14:54 -
Carpet Museum director holds series of meetings in United States [PHOTOS]
17 October 14:47 -
Azerbaijan participates in Geneva session on transboundary water management [PHOTOS]
17 October 14:31 -
Azerbaijani movie to be screened to at film festival in Czech Republic
17 October 14:10 -
Baku-Paris enter new diplomatic chapter as past misunderstandings fade
17 October 13:59 -
Baku, Tabriz discuss sister city partnership and cooperation in Garabagh reconstruction
17 October 13:37 -
Turkmenistan Culture Days wraps up in Ganja [PHOTOS]
17 October 13:12 -
Baku strengthens economic footprint in CIS market with $5.4 bln turnover
17 October 12:49 -
Culinary book on Iravan cuisine presented in Baku [PHOTOS]
17 October 12:36 -
USACC to host trade and business conference celebrating 30 years
17 October 12:19 -
Luka Gabrilo appointed as head coach of national swimming team
17 October 11:58 -
TURKPA and CICA explore new partnership avenues to strengthen regional dialogue
17 October 11:39 -
CBA and World Bank discuss expanding long-term cooperation on sustainable development
17 October 11:17 -
Defense Minister inspects combat readiness and living conditions of Army Units [PHOTOS]
17 October 11:08 -
Judo Training Center starts operating in Shabran [PHOTOS]
17 October 11:02 -
Azerbaijan’s electricity generation rises slightly in first nine months
17 October 10:42 -
Azeri Light prices decrease
17 October 10:21 -
Azerbaijani wrestlers to compete at U-23 World Championships
17 October 10:00 -
WBD expands global content deal for HBO Max
17 October 09:00 -
Khankendi forum marks Azerbaijan’s rise as regional model for sustainable reconstruction
17 October 08:30 -
Nestlé shares rose sharply following reports of upcoming layoffs
17 October 08:00 -
President Ilham Aliyev shares post on Fuzuli City Day [VIDEO]
17 October 01:16 -
First VP Mehriban Aliyeva visits Europe’s largest pediatric hospital Bambino Gesù [PHOTOS/VIDEO]
17 October 00:33 -
First VP Mehriban Aliyeva inspects restoration progress at Basilica of Saint Paul Outside the Walls in Vatican [PHOTOS/VIDEO]
17 October 00:26 -
First VP Mehriban Aliyeva meets with Archpriest of Papal Basilica of Saint Paul Outside the Walls in Vatican [PHOTOS/VIDEO]
17 October 00:18 -
First VP Mehriban Aliyeva attends opening ceremony of restoration project for Catacombs of Saint Commodus in Vatican [PHOTOS/VIDEO]
17 October 00:02 -
Calligraphy of peace: “Verses of Salam” exhibition opens in Diyarbakır
16 October 23:55 -
Russia sees fastest rise in used car sales
16 October 23:23 -
Ankara reports record current account surplus amid rising services exports
16 October 22:49 -
UK trade gap expands in lead-up to August
16 October 22:23 -
New energy corridor to strengthen regional energy diplomacy
16 October 21:50 -
Italian startup develop vertical wind turbines with AI
16 October 21:22 -
EU aims to ban filtered cigarettes
16 October 20:43 -
Sri Lanka eases visa rules to attract more tourists this season
16 October 20:20 -
Azerbaijan’s electric vehicle imports drop sharply despite overall auto market growth
16 October 19:26 -
Aghdam and Araz Valley industrial parks attract growing investor interest
16 October 19:05 -
Foreign trade up 2.5% in Azerbaijan
16 October 18:43 -
EDF issues ₼249 mln in concessional loans in first 9 months of year
16 October 18:23 -
People's Artist Ramiz Guliyev laid to his final rest [PHOTOS]
16 October 18:00 -
Int'l Watercolor Festival kicks off in Khatai Arts Center [PHOTOS]
16 October 17:50 -
Washington relies on Azerbaijan, Pakistan and Indonesia to stabilise Gaza [INTERVIEW]
16 October 17:44 -
Azerbaijan’s labour market shows stability as unemployment holds near 5%
16 October 17:31 -
DokuBaku Int'l Film Festival unites filmmakers honoring documentary storytelling [PHOTOS]
16 October 17:13 -
National chess players awarded at European Team Championship [PHOTOS]
16 October 16:56 -
Copper exports from Azerbaijan see sharp rise amid growing regional demand
16 October 16:35 -
Azerbaijan Table Tennis Federation joins ETTU Congress
16 October 16:17 -
Issues that caused misunderstandings between Azerbaijan, France are now in the past - President Ilham Aliyev
16 October 16:12 -
President Ilham Aliyev accepts credentials of newly appointed French ambassador [PHOTOS/VIDEO]
16 October 15:55 -
Tobacco and cigarette production dynamics revealed in Azerbaijan
16 October 15:54 -
Turkmenistan Literature Corner opens at National Library [PHOTOS]
16 October 15:29 -
Gasoline production shows recovery in 2025
16 October 15:11 -
France nearly doubles oil purchases from Azerbaijan
16 October 14:53 -
National futsal team to hold training camp in Baku
16 October 14:30 -
Azerbaijan steps onto Middle East stage to bridge new frontiers of peace [ANALYSIS]
16 October 14:01 -
President Ilham Aliyev receives credentials of newly appointed head of EU delegation [PHOTOS/VIDEO]
16 October 13:59 -
President Ilham Aliyev receives credentials of newly appointed Egyptian ambassador [PHOTOS/VIDEO]
16 October 13:43 -
Baku, Tashkent unite to promote shared literary traditions [PHOTOS]
16 October 13:36 -
Azerbaijan doubles fuel oil production in first nine months of this year
16 October 13:19 -
Culture Ministry launches project in Garabagh [PHOTOS]
16 October 13:03 -
Finance Ministry forecasts modest increase in state share revenues
16 October 12:44 -
President Ilham Aliyev receives credentials of newly appointed ambassador of the Netherlands [PHOTOS/VIDEO]
16 October 12:28 -
Azerbaijan’s computer industry shows contrasting growth patterns
16 October 12:23 -
President Ilham Aliyev receives Executive Director of UN-Habitat [PHOTOS/VIDEO]
16 October 12:19 -
Azerbaijan increases state budget revenues and expenditures for upcoming year
16 October 12:02 -
bp, SOCAR strengthen co-op on advanced seismic & computing technologies [PHOTOS]
16 October 11:49 -
Azerbaijan’s mobile communications revenue continues to rise despite monthly dip
16 October 11:21 -
UK exempts major Azerbaijani and Kazakh energy projects from sanctions
16 October 11:00 -
Indonesia, Azerbaijan, Pakistan in talks to provide troops for Gaza stabilization force
16 October 10:41 -
Azeri Light oil price rises slightly in global markets
16 October 10:22 -
Azerbaijan reports growth in gas condensate output
16 October 10:00