Month: May 2025

The recent decision by the Energy and Water Regulatory Commission (EWRC) of Bulgaria to reduce the price of natural gas by 14.22% for the month of May is a significant development that showcases the growing importance of regional energy collaboration. This price adjustment, which sets the cost of gas at 64.40 Bulgarian levs per megawatt-hour (MWh), reflects a broader trend towards energy diversification and the strengthening of energy security in the region.

The exemption of tariffs for small-value shipments is an internationally recognized practice adopted by many countries. It not only provides foreign exporters with greater market opportunities but also significantly reduces costs for domestic importers. Both manufacturing industries reliant on these small-value, tax-exempt goods and consumers have benefited substantially from such policies, said Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation.

Since 2014, the number of sanctions imposed by Western countries on the Russian Federation has nearly reached 29,000, Azernews reports, citing Russian media outlets.

#GCC states, now global investors, have also strengthened ties with the #SouthCaucasus.

This is particularly seen in #Azerbaijan and #Georgia, as both play growing roles in Eurasian connectivity. https://t.co/LaNWjpW65q @amwajmedia

— Amwaj.media (@amwajmedia) May 3, 2025

China produced over 87.24 tonnes of gold in the first quarter of this year, an increase of 1.28 tonnes — or 1.49 percent — from the same period last year, data from the China Gold Association showed, Azernews reports, citing Xinhua.