Kapital Bank, the oldest and one of the top three commercial banks in Azerbaijan, reported a net profit of 55,535 million manats ($33.7 million) in the first quarter of 2021, 26 percent less compared to the same period in 2020.

Azerbaijan’s leading gold mining company, Anglo Asian Mining Plc, reported a decline in gold production to 11,907 ounces in the first quarter of 2021 from 15,867 ounces in the same period last year.

Uzbekistan lists several major state-owned enterprises for initial public offering in 2021-2023, as a part of its plan to reform its economy.

Georgia placed Eurobonds worth $500 million with a maturity of five years on the London Stock Exchange after receiving a demand for more than $2 billion, Finance Minister Lasha Khutsishvili said.

President Ilham Aliyev this week used only very thinly veiled language in saying “mediators” – which could only mean the OSCE – were not neutral but rather too often bureaucrats only interested in preserving the “status quo”.

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting the Paris Agreement goals, analysis by consultancy Wood Mackenzie shows.

PASHA Bank, a leading corporate bank in Azerbaijan, reported a net profit of 18.79 million manats ($11 million) in the first quarter of 2021, which is 5.4 times more compared to the same period in 2020.