Finance
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In recent days, news has been spreading in the media that another devaluation will take place in Azerbaijan in the near future. A decrease in the trade and payment surplus may soon lead to a depreciat...
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On July 16, the State Oil Company of Azerbaijan (SOCAR) announced its intention to acquire a 51% stake in Azər Türk Bank, which was transferred to the Azerbaijan Investment Holding (AIH) for "rehabili...
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After the devaluations of 2015, double-digit inflation from 2016-2017 was repeated in 2022.
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Against the background of the decrease in oil revenues in Azerbaijan, the increase in regulated and market prices increases expectations regarding the manat's devaluation.
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On July 1, 2024, President Aliyev signed the Law[1] of the Republic of Azerbaijan on Amending the Law of the Republic of Azerbaijan on the State Budget of the Republic of Azerbaijan for 2024.
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The revised state budget expenditures for 2023 amounted to 36 billion 458 million manats against a forecast of 36 billion 624.8 million manats, achieving an execution level of 99.5%. Of every 100 mana...
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The budget "discussions" in the Milli Majlis have ended. On June 14, 2024, at the next meeting of the extraordinary session of the Milli Majlis, the Draft Law[1] on the Execution of the State Budget...
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The allocation of 637 million manats for the construction of a new building of the Central Bank of Azerbaijan (CBA) has caused serious controversy.
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As the skyline of Baku prepares to welcome a new architectural marvel, questions about the necessity and timing of such an extravagant investment arise.
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In the intricate web of modern societal management, various methods are employed to maintain order and influence behavior. Among these, economic mechanisms stand out, particularly those that tether ce...
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The Central Bank of Azerbaijan's recent decision to lower the discount rate has sparked widespread inquiries regarding its potential effect on the interest rates of loans issued by local banks. This f...
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In 2023, Azerbaijan demonstrated a trend in both attracting foreign direct investment (FDI) and placing domestic investments abroad. According to Friday's briefing by Samir Nasirov, Director of the St...
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The Central Bank of Azerbaijan (CBA) is actively working to increase the role of investment companies in the country's financial sector.
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In the realm of Azerbaijan's financial landscape, a longstanding issue has captured the attention of global economic watchdogs: the pronounced disparity between loan and deposit interest rates within...
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In the realm of global finance, the State Oil Fund of Azerbaijan (SOFAR) is poised to face a notable reduction in its assets, as projected by the International Monetary Fund (IMF).
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In its latest Global Economic Outlook report, the World Bank has highlighted both reduced risks to baseline economic forecasts and persistent geopolitical challenges that could impact long-term prospe...