Day: May 17, 2026

Against the backdrop of rising global oil prices linked to tensions around the Strait of Hormuz, Azerbaijan’s current account surplus could reach 9–10 percent of GDP in 2026, according to a new assessment by ING Group, the Netherlands’ largest banking group, AzerNEWS reports.

President of the Republic of Azerbaijan Ilham Aliyev met with President of the Republic of Serbia Aleksandar Vučić on May 17, AzerNEWS reports.

President Ruto holds Bilateral talks with President Ilham Aliyev of Azerbaijan to strengthen relations between the two countries.  Facebook

President of the Republic of Azerbaijan Ilham Aliyev received Suhail Al Mazrouei, Minister of Energy and Infrastructure of the United Arab Emirates, on May 17, AzerNEWS reports.

For the first time, utilities have been officially recognized as a separate stakeholder group within the framework of the 13th session of the World Urban Forum 13, according to Anaclaudia Rossbach, AzerNEWS reports.

President of Azerbaijan Ilham Aliyev has sent a congratulatory letter to People’s Writer of Kazakhstan Olzhas Suleimenov on the occasion of his 90th anniversary, highlighting his literary legacy, public role, and enduring contribution to the Turkic world, AzerNEWS reports.

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Azerbaijan accelerates economic diversification with surge in non-oil exports  AzerNews

The latest trade data from the first four months of 2026 offers a compelling glimpse into the quiet transformation taking place within Azerbaijan’s economic landscape. For decades, the narrative surrounding the nation’s wealth has been monolithically tethered to oil and gas, resources that fueled rapid urbanization and infrastructure development but left the state exposed to the volatile whims of global energy markets.