Day: July 2, 2026

The Central Bank of Azerbaijan (CBA) says the country’s foreign exchange market continues to experience a surplus of foreign currency supply over demand, supported by a growing current account surplus and the ongoing de-dollarization of the financial sector, AzerNEWS reports.

Euronews: EU looks to South Caucasus for solutions

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The price of Azerbaijan’s Azeri Light crude oil delivered on a CIF basis to the Italian port of Augusta fell by $2.88, or 3.8%, from the previous level to $72.46 per barrel, AzerNEWS reports.

The working visit of European Commission President Ursula von der Leyen to the Republic of Azerbaijan concluded on July 2.

Sony Interactive Entertainment LLC’s PlayStation announced on Wednesday that its new video games would be released only in digital format, discontinuing physical discs, starting January 2028, AzerNEWS reports.

A Caspian seabed electricity cable linking Kazakhstan, Uzbekistan, and Azerbaijan is advancing from presidential declaration to engineering study. With 5 gigawatts targeted by 2030, a Green Corridor Alliance registered in Baku, Tajikistan now seeking to join, and CESI already producing early promising findings, the project is moving faster than most cross-border energy infrastructure. Whether it can close the gap between feasibility and finance before the political window narrows is the central question.