AzerNews - News from Azerbaijan, Business, Energy, Analysis

Azerbaijan’s plan for eight new solar plants till 2027 signals strategic energy shift

An expert report from the State Agency for Renewable Energy Sources under the Azerbaijani Ministry of Energy recently unveiled an ambitious blueprint: Azerbaijan intends to commission eight new solar power plants and one massive 250-megawatt wind farm by the conclusion of 2027.

Nation

Zakir Hasanov holds high-level meetings during Serbia visit [PHOTOS]

Azerbaijan’s Minister of Defense, Colonel General Zakir Hasanov, is on an official visit to the Republic of Serbia, AzerNEWS reports.

Oil & Gas

Azeri Light oil price drops below $96 per barrel

The price of Azerbaijan’s flagship Azeri Light crude oil declined significantly on international markets, reflecting a broader downturn in global oil prices.

Business

Active taxpayers in Azerbaijan increase by 2.7% in 2026

Azerbaijan has recorded a continued increase in the number of active taxpayers, value-added tax (VAT) payers, and registered business entities, reflecting ongoing expansion in formal economic activity, AzerNEWS reports.

Armenian-Azerbaijani Relations

Azerbaijan facilitates another transit shipment from Russia to Armenia

According to the information, on June 9, a freight consignment consisting of 12 railcars carrying 828 tons of fertilizer and six railcars loaded with 414 tons of anthracite coal will be dispatched from Baku's Bilajari railway station toward the Boyuk Kesik border station.

World

Iranian FM discusses regional tensions with Turkish and Saudi counterparts

During the calls, the three diplomats reviewed the evolving situation in the region and exchanged views on its potential implications for regional stability and security.