Category: Azer News

‘Our approach to investment goes beyond attracting capital,’ President Ilham Aliyev said in his address to the participants of the 2nd Azerbaijan International Investment Forum.

‘We value technology, expertise, innovation and access to new markets, and seek partnerships that create sustainable value for investors, while strengthening the modernization and competitiveness of Azerbaijan’s economy. The 2nd Azerbaijan International Investment Forum provides an important platform to advance these partnerships,’ the President said in his address.

‘The results of the First Azerbaijan International Investment Forum clearly demonstrated rising interest in Azerbaijan. Last year, investment agreements worth over 10 billion US dollars were signed, more than 7 billion of which related to the non-oil sector.

This year, the geography of participation has expanded further, with broader representation from international institutions, investors and leading companies – reflecting both confidence in Azerbaijan and the growing economic significance of the wider region. I expect that within the framework of the 2nd Azerbaijan International Investment Forum, significant investment projects will be launched with international investors and partner companies.

I am confident that the discussions in Baku will generate concrete initiatives and long-term cooperation, contributing to stronger economic ties, greater connectivity and shared prosperity across the region,’ President Ilham Aliyev added.

‘The emerging peace in the South Caucasus is creating new opportunities for regional cooperation and investment,’ President Ilham Aliyev said in his address to the participants of the 2nd Azerbaijan International Investment Forum.

‘It is gratifying that this Forum once again brings together in Baku governments, international organizations, financial institutions, leading companies, investors and business communities from around the world.

The theme of this year’s Forum – ‘Rebuilding Trust in a Fragmented World: The South Caucasus as a Pillar of Global Connectivity and Investment Stability’ – is particularly relevant today. Global economic relations are changing rapidly, supply chains are being reshaped, and new transport, energy and technological connections are emerging. In this environment, stability, connectivity and reliable partnerships are becoming increasingly important for investment. The emerging peace in the South Caucasus is creating new opportunities for regional cooperation, connectivity, trade and investment, while supporting deeper economic integration and diversification,’ the head of state said in his address.

‘Azerbaijan’s economy has demonstrated strong resilience amid global uncertainty and geopolitical challenges. Economic diversification is at the core of our strategic objectives, and the non-oil sector has become a key driver of economic growth. Since 2020, real GDP growth in the non-oil sector averaged 5% annually, while non-oil industry grew 1.5-fold and non-oil exports nearly doubled. As a result, the share of the non-oil sector in GDP reached 72% in 2025.

This momentum rests on a stable and predictable business environment. Macroeconomic stability, investments and favourable entrepreneurial environment established in our country provide a solid foundation for long-term investor confidence. Azerbaijan’s strategic geographical location, transport and logistics capabilities, well-developed infrastructure in economic zones, tax and customs incentives, as well as public-private partnership mechanisms and joint investment funds established with partner countries, offer investors broad opportunities to participate in sustainable projects and to build partnerships that bring technology, capital and expertise to the whole region,’ President Ilham Aliyev emphasized.

United States Ambassador to China David Perdue told CNBC on Friday that US President Donald Trump made it “very clear” to China that it would be “unacceptable” for Beijing to help Iran in any way amid its war with Washington.

Perdue explained that the US would consider any type of assistance, be it military, intelligence, or anything else, unacceptable. He also stressed that Washington insisted that the issue of Iran should in no way “tie into anything” regarding China’s issue with Taiwan.

The US envoy added that Chinese President Xi Jinpin has agreed with Trump that Iran should never acquire a nuclear weapon and that the Strait of Hormuz should be opened, with no party charging fees.

Germany has deployed four Eurofighter fighter jets to Latvia to temporarily strengthen the country’s airspace protection.

According to the report, the aircraft have arrived at Lielvarde Air Base. The German fighters will carry out various missions in Latvia during the period surrounding the country’s parliamentary elections.

The deployment is aimed at strengthening air patrols and enhancing the ability to respond to potential threats, according to the report.

The Eurofighters are expected to remain in Latvia for about a week before returning to Germany. The deployment is part of allied cooperation among NATO member states.

Latvia’s parliamentary elections are scheduled to take place on October 3. Voters will elect 100 members of the 15th Saeima, Latvia’s parliament. Voting will be held in five electoral districts: Riga, Vidzeme, Latgale, Zemgale and Kurzeme.

The qualifying session for the Formula 1 Azerbaijan Grand Prix has concluded. Mercedes driver George Russell set the fastest time of the session to take pole position.

Charles Leclerc will start from second, while Oscar Piastri will line up third.

Interestingly, the Baku City Circuit has been a successful track for George Russell this year. The British driver also set the fastest times in both free practice sessions.

Russell’s teammate and the favorite for the season, Kimi Antonelli, made an early exit from qualifying. The Mercedes driver crashed into the wall at Turn 1 of the Baku circuit during the first qualifying session. The impact damaged the car, preventing Antonelli from continuing.

The drivers can expect a more intense battle in tomorrow’s Azerbaijan Grand Prix.

Azerbaijan’s men’s boxing team has set a new record for the number of medals won at a European Championship.

The achievement was recorded at the European Championships in Sofia, the capital of Bulgaria.

Azerbaijani boxer Saidjamshid Jafarov (75 kg) secured a place in the semifinals, guaranteeing the team’s fifth medal of the tournament and setting a new record for Azerbaijan at the European Championships.

Until now, Azerbaijani boxers had won a maximum of four medals at a single European Championship.

The team reached the podium four times at the 2006 European Championships in Plovdiv and repeated the feat seven years later in Minsk. Securing five medals this time marks a new record for the country at the continental championships.

Before Jafarov, Subhan Mammadov (50 kg) and Nabi Iskandarov (70 kg) had reached the finals, while Amin Mammadzada (55 kg) advanced to the semifinals. Mahammad Abdullayev (+90 kg) had already secured a bronze medal.

The championship will conclude on September 25.

The Formula 2 sprint race at the Azerbaijan Grand Prix in Baku has concluded, with Sweden’s Dino Beganovic taking victory.

Driving for DAMS Lucas Oil, Beganovic finished ahead of Trident’s Dutch driver Laurens van Hoepen, who placed second. Rodin driver Alexander Dunne of Ireland completed the podium in third.

The Formula 1 third free practice session is scheduled to begin at 12:30, followed by the Formula 2 feature race at 14:15.

The day’s final major session will be Formula 1 qualifying, which is set to run from 16:00 to 17:00.

The Azerbaijan Grand Prix will conclude on September 26.

The second day of the Formula 1 Azerbaijan Grand Prix, hosted by Baku for the 10th time, got underway today.

The day’s schedule featured Formula 2’s sprint and feature races, along with Formula 1’s third free practice session and qualifying.

The Formula 2 sprint race started at 08:15, followed by the third Formula 1 free practice session at 12:30. The Formula 2 feature race was scheduled for 14:15.

The final major session of the day was Formula 1 qualifying, which took place from 16:00 to 17:00.

The 2026 Azerbaijan Grand Prix will conclude on September 26 with the main Formula 1 race.

President Ilham Aliyev has sent a congratulatory letter to the President of Turkmenistan, Serdar Berdimuhamedov, on the occasion of the 35th anniversary of Turkmenistan’s independence.

“Dear Serdar Gurbanguliyevich,

On my own behalf and on behalf of the people of Azerbaijan, I extend my most sincere congratulations and best wishes to you and, through you, to all your people on the occasion of the 35th anniversary of the independence of Turkmenistan.

Over the past period, Turkmenistan has followed a path of significant development, achieved substantial success in strengthening its independence and advancing socio-economic development, and gained a high standing in the international arena. Azerbaijan sincerely rejoices in these achievements of your brotherly country and consistently supports Turkmenistan’s policy of permanent neutrality, which has gained wide recognition worldwide.

The current level of Azerbaijan-Turkmenistan relations, which stems from the will of our peoples, who are closely bound by historical roots, shared national and moral values, and ties of good neighborliness, is gratifying.

The high level of mutual understanding creates a favorable foundation for deepening our cooperation in various areas, particularly in trade, economics, energy, transport and logistics, culture, humanitarian, and other fields. In this context, I highly value your state visit to Azerbaijan in June, and emphasize that the negotiations held, documents signed, and agreements reached during the visit carry special significance for strengthening the friendly and brotherly relations between Azerbaijan and Turkmenistan.

I believe that through our joint efforts, Azerbaijan-Turkmenistan friendship and cooperation will continue to develop dynamically, and our strategic partnership will serve the interests of our peoples.

On such a remarkable day, I wish you robust health, happiness, success in your endeavors, and lasting peace and prosperity for the brotherly people of Turkmenistan.”

Moscow’s Perovsky District Court ordered the arrest of political scientist Alexander Kynev on September 25 in a drug-related case, independent Russian news outlet Mediazona reported, citing court records and Kynev’s defense attorney, Mikhail Biryukov.

Kynev is accused of producing, selling or transporting illegal drugs on a large scale, a charge punishable by 10 to 20 years in prison under Russian law.

No further details about the case have been disclosed.

It remains unclear when Kynev was detained. Until recently, however, he continued posting on his Telegram channel about election results. His latest post was published on September 23.

Kynev is a political scientist who studies the structure of power in Russia’s regions and analyzes election results at both the regional and federal levels.

Russian authorities designated Kynev as a foreign agent in February.