Day: August 17, 2025

In the Eastern Zangazur economic region, total industrial production reached 41.5 million manats, with Lachin leading at 27.5 million, followed by Kalbajar (7.4 million) and Zangilan (3.1 million). Nationally, industrial production in January–June 2025 totaled 31.2 billion manats, down 1.9% from a year earlier. The oil and gas sector contracted by 3.1%, while the non-oil and gas sector grew by 6.3% — a clear indicator of Azerbaijan’s gradual structural shift toward economic diversification.

An internal investigation conducted by the World Economic Forum (WEF) has found no evidence of ethical or financial misconduct by its founder, Klaus Schwab, following anonymous allegations earlier this year, Azernews reports, citing international media.