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Monday February 17 2025
Azerbaijan aims to leverage tourism with China to boost connectivity and trade

Azerbaijan aims to leverage tourism with China to boost connectivity and trade

Azerbaijan and China have steadily expanded their cooperation across multiple sectors, with 2024 marking a turning point in their relationship. The signing of the Declaration on Strategic Partnership has not only reinforced economic and trade ties but also opened new avenues for tourism and cultural exchange. As both countries work to enhance connectivity and facilitate travel, Azerbaijan is positioning itself as an emerging destination for Chinese visitors, while also encouraging greater outbound tourism to China.

S&P Global raises Azerbaijan's economic growth forecast

S&P Global raises Azerbaijan's economic growth forecast

The agency attributes the growth primarily to the active expansion of consumer lending. It also noted that Azerbaijan’s lending trends have historically been closely tied to oil prices. “Although oil producers Kazakhstan and Azerbaijan have benefited from the recent dynamics of oil prices, they are facing a decline in oil production. On the positive side, economic growth in non-oil sectors in these countries is exceeding growth in the oil and gas sector. The slowdown in economic growth in Armenia and Georgia is due to a decrease in migrant and capital flows from Russia,” S&P stated.

CBA Governor reveals key outcomes of current geopolitical situation for Azerbaijan

CBA Governor reveals key outcomes of current geopolitical situation for Azerbaijan

Kazimov also stressed that significant progress has been made in the regulation of Azerbaijan’s financial sector, particularly in the areas of anti-money laundering (AML) and compliance. "We are striving to balance the stimulation of the financial market with adherence to international requirements. As a result of these reforms, Azerbaijan’s banking network—especially correspondent banks in the United States—has expanded significantly," he noted. Thus, the ongoing geopolitical tensions are accelerating changes in Azerbaijan’s economic policies, requiring adaptation to new realities in international payments, financial flow regulation, and the fight against inflation risks.

Armenians' illegal activities caused over 12.3 billion USD in damage to Azerbaijan

Armenians' illegal activities caused over 12.3 billion USD in damage to Azerbaijan

From 1992 to 2023, the illegal economic activities of Armenians resulted in more than 20.9 billion manats of material damage to Azerbaijan, according to the indictment in the criminal case against individuals of Armenian origin accused of committing war crimes, Azernews reports.

Trial of Armenian war criminals continues [PHOTOS]

Trial of Armenian war criminals continues [PHOTOS]

A review session of the criminal case against citizens of the Republic of Armenia Arayik Harutyunyan, Arkadi Ghukasyan, Bako Sahakyan, Davit Ishkhanyan, Davit Babayan, Lyova Mnatsakanyan and others, who are accused of committing crimes against peace and humanity, war crimes, including the preparation and conduct of a war of aggression, acts of genocide, violation of the laws and customs of warfare, as well as terrorism, financing terrorism, forcible seizure of power, forcible retention of power and numerous other crimes as a result of Armenia's military aggression, was continued on February 14.

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