Recep Tayyip Erdoğan held a meeting with Mathias Cormann, secretary-general of the OECD, in Istanbul on Monday, according to diplomatic sources.

Azerbaijan’s Deputy Minister of Economy Samad Bashirli and William Thompson, Head of the Eurasia Division at the Organization for Economic Co-operation and Development (OECD) Directorate for Global Relations and Cooperation, discussed the continued development of cooperation between Azerbaijan and the OECD in Baku on Wednesday.

Romania’s Constitutional Court on Tuesday struck down a bill regulating withdrawals from the private pension system, a measure required for the country’s planned OECD membership next year.

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday forecast the global oil demand to grow by a "robust" 1.43 million barrels per day (bpd) in 2026 to 106.63 million bpd, News.az reports citing Xinhua.

The Organization for Economic Cooperation and Development (OECD) has lowered its 2025 growth forecast for South Korea to 2.1%, according to Seoul's finance ministry on Wednesday.

Azerbaijan and the Organization for Economic Cooperation and Development (OECD) discussed the implementation of joint projects.

The GDP of the G20 area increased by 0.7% quarter-on-quarter in April-June, a slight decrease from the 0.8% growth recorded in January-March, according to data released on Thursday.

By Asif Aydinli

On August 12, 2024, the Organization of the Petroleum Exporting Countries (OPEC) released its monthly report, revising downward its forecasts for global oil demand growth for 2024 and 2025. This adjustment reflects changing economic conditions and updated data on the state of the oil market, highlighting the increasing uncertainty and complexity of predicting future trends in the global energy landscape.