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South Caucasus News

IMF forecasts continued growth in Azerbaijan’s Oil Fund reserves amid high energy prices


The reserves of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) are expected to continue growing amid persistently high hydrocarbon prices, according to a new report released by the International Monetary Fund, AzerNEWS reports. The report projects a moderate acceleration in Azerbaijan’s economic growth, while inflation is expected to remain within the target range set by the Central Bank of Azerbaijan.

According to IMF experts, Azerbaijan’s gross domestic product (GDP) growth is forecast to moderately accelerate to…


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South Caucasus News

Israeli drone strikes an apartment building in Sidon port city in Lebanon



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South Caucasus News

Investigation launched into alleged police violence in Georgia’s Gori


Georgia investigates alleged case of police violence

Georgia investigates alleged case of police violence

Authorities in the Georgian city of Gori have launched an investigation into alleged violence by police officers against a civilian after local outlet Kartlis Ambebi published video footage showing several officers attacking a man, reportedly during his arrest.

According to Georgia’s Prosecutor’s Office, investigators are examining the case under Article 333, Part 3, Subparagraph “b” of the Criminal Code, which concerns abuse of official authority involving the use of force.

The article applies to abuse of power by a person holding a public or political office involving violence or the use of a weapon. It carries a prison sentence of between five and eight years, along with a ban on holding office or engaging in certain activities for up to three years.

The agency said investigators are currently carrying out “urgent investigative and procedural actions” and that authorities will provide additional information about the results of the investigation later.

Reaction to the incident

Georgia’s Public Defender’s Office also responded to the incident, describing the leaked video footage as “alarming” and urging prosecutors to conduct an objective and effective investigation.

The agency stressed that it condemns “all forms of unlawful actions, especially acts of ill-treatment” by law enforcement officers and said it would monitor the investigation within the scope of its mandate.

“The Public Defender’s Office calls on the Prosecutor’s Office to ensure an objective and effective investigation in order to hold all those responsible accountable,” the statement said.

Prime Minister Irakli Kobakhidze from the ruling Georgian Dream party also responded to the incident in Gori.

He said the published video footage was “absolutely unacceptable”.

“These are absolutely unacceptable scenes and, of course, the relevant state bodies must and will respond appropriately. The public will be informed about this,” Kobakhidze told journalists.


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South Caucasus News

Official reception held in Seoul to mark Azerbaijan’s Independence Day


An official reception dedicated to Azerbaijan’s Independence Day was held in Seoul on 27 May 2026, organised by Azerbaijan’s embassy in the Republic of Korea.

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South Caucasus News

Gold slides as investors rotate into risk assets


Precious metals prices declined sharply in trading on the COMEX in New York, reflecting shifting investor sentiment and broader market pressures. Gold prices fell on the COMEX commodity exchange in New York, with the price of one troy ounce declining by…

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South Caucasus News

Fire at school for girls in central Kenya causes unknown number of deaths



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South Caucasus News

Azerbaijan holds Independence Day reception and concert programme in Sarajevo


Azerbaijan’s Embassy in Sarajevo organised an official reception and concert programme dedicated to 28 May – Independence Day at the historic “House of the Armed Forces of Bosnia and Herzegovina”.

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South Caucasus News

US Secretary of State congratulates Azerbaijan on Independence Day


U.S. Secretary of State Marco Rubio congratulated the Azerbaijani people on Independence Day.

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South Caucasus News

Azeri light slides nearly 4% as global oil selloff deepens


The price of Azerbaijan’s flagship Azeri Light crude oil declined sharply on international markets, reflecting a broader downturn in global oil prices driven by market uncertainty.

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South Caucasus News

Azerbaijan marks Independence Day with official reception in Buenos Aires


An official reception dedicated to Azerbaijan’s Independence Day was held in Buenos Aires at the initiative of Azerbaijan’s embassy in Argentina.