Day: October 11, 2025

Azerbaijan is quietly but confidently stepping into a new phase of economic engagement with Europe. Recent figures from the State Customs Committee reveal that in the first eight months of 2025, the country exported nearly $11.9 billion worth of goods to European Union (EU) member states — a 13.4% increase compared to the same period in 2024. Imports from the EU also rose by 5.4%, reaching $1.88 billion. These numbers are more than just trade statistics; they are a reflection of Azerbaijan’s growing economic maturity and its strategic positioning in the global marketplace.

Notably, Azerbaijan resumed grape exports to Ukraine after a one-year and nine-month hiatus, signaling a revival of trade ties between the two countries in the agricultural sector.

An international conference dedicated to the legendary Dede Qorqud epic was recently held at Iğdır University in Turkiye.

Azernews reports that the event was organized with the initiative of Azerbaijan’s Consulate in Iğdır and supported by the Iğdır Azerbaijan House, as well as the administrations of Iğdır University and Nakhchivan State University.

To date, the Azerbaijan’s Mortgage and Credit Guarantee Fund (İKZF) has provided loans totaling 3.675 billion manats to 55,950 borrowers, Azernews reports, citing information from the fund.