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Thursday, June 18, 2026
SOCAR’s growing role in Germany’s energy future goes beyond expectations

SOCAR’s growing role in Germany’s energy future goes beyond expectations

The recent disclosure by Germany’s Ambassador to Azerbaijan, Ralf Horlemann, regarding the 10-year, two-billion-cubic-meter annual gas agreement between German corporations and SOCAR offers a fascinating case study in contemporary energy geopolitics and economics.

Premium gasoline imports surge as foreign currency outflow exceeds $54 million

Premium gasoline imports surge as foreign currency outflow exceeds $54 million

Azerbaijan recorded a notable increase in imports of high-octane premium and super premium gasoline during the first four months of 2026, with spending on these fuel grades exceeding $54 million, according to the latest trade data, AzerNEWS reports.

Balance of payments deficit narrows in first quarter despite stronger current account surplus

Balance of payments deficit narrows in first quarter despite stronger current account surplus

Azerbaijan's total balance of payments deficit amounted to $322.9 million in the first quarter of 2026, reflecting an improvement compared to the same period last year, according to data released by the Central Bank of Azerbaijan (CBA), AzerNEWS reports.

Armenia moves to strip Kocharyan of immunity over alleged money laundering case

Armenia moves to strip Kocharyan of immunity over alleged money laundering case

Armenia's Central Election Commission has approved a request from the Prosecutor General's Office to revoke the parliamentary immunity of former Armenian President Robert Kocharyan, paving the way for potential criminal charges against the opposition leader, AzerNEWS reports.

Azerbaijan Tango Festival set to open in Icherisheher

Azerbaijan Tango Festival set to open in Icherisheher

The opening ceremony of the El Calor en Baku – Azerbaijan Tango Festival will take place at 20:00 on June 20 near Gosha Gala in Icherisheher, Baku, in celebration of Argentina's Flag Day, AzerNEWS reports.

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