Germany approves 2025 budget, marking new spending era
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year...
Kyrgyzstan's GDP surged 11.7% year on year in the first half of 2025, driven by gains in services, construction and production, despite a decline in external trade.
Kyrgyzstan’s gross domestic product reached more than 8.1 billion U.S. dollars in the first six months of 2025, marking a robust 11.7% year-on-year growth, the National Statistics Committee reported on Tuesday.
The expansion was underpinned by a 15% rise in commodity production and a 10% increase in the service sector. Net taxes on products also contributed, growing by 11.4% over the same period.
Particularly strong gains were recorded in hotel and restaurant services, which soared by 49.1% year on year, signalling a rebound in tourism and domestic hospitality.
The construction sector also saw notable momentum, with output rising 42.5% compared to the first half of 2024.
Between January and June, wholesale and retail trade, including car and motorcycle repair services, climbed by 12.1%, while cargo transportation registered a 12.5% increase.
However, despite the domestic growth, Kyrgyzstan’s external trade showed signs of weakness. Trade in goods during the first five months of 2025 totalled 5.77 billion dollars, representing a 14.4% year-on-year decline, according to the committee.
The data reflects a continued divergence between strong internal economic activity and pressures on the country’s trade performance amid broader regional and global economic uncertainties.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
President of the Republic of Azerbaijan Ilham Aliyev received Marta Kos, the European Commissioner for Enlargement, in Baku on 18 September.
Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline. KazMunayGas said through its press service that a shipment of 8,800 tonnes of Kashagan oil was dispatched from the port of Aktau on the 13 September.
The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle Corridor trade route stretching from the Far East to Europe according to Türkiye's Trade Minister Omer Bolat.
TEKNOFEST opened its doors on Wednesday (17 September) at Istanbul Ataturk Airport, bringing together technology lovers, innovators, and entrepreneurs.
Around 300 local and international media representatives will be accredited at the Media Centre established by the Baku City Circuit Operations Company to cover this year’s Formula 1 Azerbaijan Grand Prix.
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