Day: July 15, 2025

The international rating agency Moody’s has upgraded the State Oil Company of Azerbaijan (SOCAR) to Baa3 (stable)—officially granting the company investment grade status. This marks a major milestone for SOCAR, improving its access to both local and global capital markets and attracting not only risk-oriented but also risk-averse investors, Azernews reports.

Azerbaijan’s film industry has been steadily growing over the years, with increasing interest both from local filmmakers and international producers.