AzerNews - News from Azerbaijan, Business, Energy, Analysis

Global growth slows to 2.6%, raising stakes for Azerbaijan’s economic shift

The global economy is entering a period of slower expansion, with energy markets, international trade and technological investment shaping the outlook for 2026. According to the United Nations Conference on Trade and Development (UNCTAD), global economic growth is projected to reach 2.6% in 2026, compared with 2.9% in 2025. Developing economies are expected to grow by 4%, following 4.7% growth in the previous year. These figures highlight the growing importance of economic resilience, industrial development and strategic international partnerships.

Nation

Cambodian Prime Minister Hun Manet arrives in Azerbaijan on official visit [PHOTOS]

Cambodian Prime Minister Hun Manet has arrived in Azerbaijan on an official visit.

Oil & Gas

Wood Mackenzie: Azerbaijan gains strategic advantage through energy export infrastructure

Azerbaijan has gained a strategic advantage through investments in critical oil and gas infrastructure that enables energy exports from the Caspian Sea to international markets, according to an analytical review by Wood Mackenzie.

Business

Netflix plans to lay off around 5% of its workforce

The streaming giant's last major round of layoffs took place in 2022, when the company dismissed hundreds of employees amid slowing growth and a decline in subscriber numbers.

Armenian-Azerbaijani Relations

Hadrut’s liberation: strategic turning point in Azerbaijan’s 44-Day war

October 9 holds a special place in Azerbaijan’s modern history as the anniversary of Hadrut’s liberation during the 44-day Patriotic War of 2020. Located in the Khojavand district of Karabakh, Hadrut occupied a strategically important position because of its mountainous terrain, surrounding heights and connections with neighboring areas. Its liberation strengthened Azerbaijan’s military position in the southern part of the battlefield and created favorable conditions for subsequent operations toward Shusha.

World

Romania uses reservoir water to raise Danube levels amid nuclear plant concerns

Romania is using water from several reservoirs to raise the level of the Danube, as low water levels could complicate the cooling of the Cernavodă nuclear power plant.