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Friday, October 9, 2026
Azerbaijan’s new diplomatic calendar puts the CIS in a wider picture [ANALYSIS]

Azerbaijan’s new diplomatic calendar puts the CIS in a wider picture [ANALYSIS]

With the CIS chair coming in 2028, an OIC summit in 2027 and a European leaders' gathering to follow, Baku's diplomatic calendar has quietly become one of the busiest in Eurasia

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

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.

SOCAR-backed Caspian Drilling Company reports 7.4% decline in annual net profit

SOCAR-backed Caspian Drilling Company reports 7.4% decline in annual net profit

Caspian Drilling Company Limited (CDC), in which Azerbaijan's State Oil Company (SOCAR) holds a controlling stake, recorded a net profit of $62.13 million in 2025, down 7.4% from $67.12 million a year earlier, despite improvements in revenue and operating profitability.

Azerbaijan's sovereign wealth fund assets fall by $1.45 billion amid global market downturn

Azerbaijan's sovereign wealth fund assets fall by $1.45 billion amid global market downturn

The estimated assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) declined by $1.45 billion in September 2026, as falling gold prices and losses across international financial markets placed pressure on the value of its investment portfolio. According to calculations based on strategic foreign exchange reserve data published by Azerbaijan's State Statistical Committee, SOFAZ's assets decreased by...

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