Macroeconomy
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As the US turns access to space into industrial and national security infrastructure, Baku must choose between joining an expensive launch race and focusing on a niche in data and technology. The key measure in the new phase of the space race is no...
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The 2026 forecast shows non-oil income in the majority. A sovereign-fund transfer, energy-price assumptions and taxes concentrated among three payers tell a more complicated story. This follows from the Ministry of Finance’s document, “Report on the...
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According to the Ministry of Finance's report on the first-half execution of the 2026 state and consolidated budgets, the year-end forecast for average annual inflation is expected to be raised from the previous 4.8% to 5.7%. The...
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At first glance, Azerbaijan’s consumer is having a decent year. Retail trade turnover reached 38.36bn manats in January–July and increased by 3.8% in real terms. Nominal household income rose by 9.8% to 55.63bn manats, while average inflation was...
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