Day: May 20, 2025

Iran’s large industrial plants have been granted licenses to import electricity from Azerbaijan and Turkiye to meet their energy needs.

The Central Bank of Azerbaijan (CBA) has amended regulations governing currency exchange operations and oversight, Azernews reports.

Iranian Defense Minister Arrives in Armenia  Hetq.am

Azerbaijan diversifies exports with first-ever fertilizer deal to North America  AzerNews

The $5.34 million in revenue generated from this first-ever fertilizer shipment to Canada is only part of the story. At $300 per ton, this represents a 58 percent increase over the average export price in 2024 — a remarkable leap that suggests both growing international demand and a shift in perceived value for Azerbaijani chemical products. But perhaps even more significant is the symbolism behind the transaction: it marks the first time Azerbaijan has exported nitrogen fertilizer to a major North American economy.