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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
Deputy FM Rafiyev attends 52nd OIC Council of Foreign Ministers session

Deputy FM Rafiyev attends 52nd OIC Council of Foreign Ministers session

Azerbaijan is participating in the 52nd session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), represented by Deputy Foreign Minister Yalchin Rafiyev.

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 discusses fiscal reforms and investment cooperation with IMF and ADB

Azerbaijan discusses fiscal reforms and investment cooperation with IMF and ADB

Azerbaijan has held a series of meetings with representatives of the International Monetary Fund (IMF), Asian Development Bank (ADB) and other international financial institutions to discuss fiscal reforms, economic diversification and future investment cooperation.

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
UK reports another tanker attack near Saudi Arabia

UK reports another tanker attack near Saudi Arabia

United Kingdom Maritime Trade Operations (UKMTO) reported that a tanker was attacked with a rocket-propelled grenade (RPG) fired from a small boat approximately 78 nautical miles northeast of Al Jubayl, Saudi Arabia.

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
Anar Huseynzade’s solo exhibition “O” opens at Museum of Modern Art [PHOTOS]

Anar Huseynzade’s solo exhibition “O” opens at Museum of Modern Art [PHOTOS]

The opening ceremony of artist Anar Huseynzade’s solo exhibition titled “O” was 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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