Finance

On July 30, a meeting was held in the Iranian city of Bilasuvar between delegations headed by Shahin Baghirov, Chairman of the State Customs Committee of the Republic of Azerbaijan, and Foroud Asgari,...

Azerbaijan’s insurance market continued to expand in the first half of 2026, but the growth in claims payments significantly outpaced premium growth, increasing pressure on insurers and highlighting t...

Low debt and vast foreign-exchange reserves shield the country from short-term shocks. Yet rising domestic debt, state guarantees and the budget’s dependence on hydrocarbons demand a stricter assessme...

Investment in Azerbaijan’s economy accelerated significantly in the first half of 2026, but the main source of the increase was not new non-oil production. It was a sharp rise in capital expenditure i...

Azerbaijani banks increased their combined net profit by about a quarter in the first half of 2026, supported by strong interest and fee income, but slowing lending and rising non-performing loans poi...

By a Presidential Decree of the Republic of Azerbaijan dated 6 July 2026, the execution of the 2025 budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was officially approved. Accordin...

Nusrat Ibrahimov, Chairman of the Azerbaijan Chamber of Appraisers (AQP), held a briefing for media representatives on June 24 at the Chamber’s new administrative building. During the event, the refor...

For an economy that has long relied on oil revenues, European credit lines and conventional multilateral institutions, Baku is increasingly shaping a new financial strategy: to diversify not only expo...

Every time oil prices begin to fluctuate and global markets grow uneasy, the same question returns in Azerbaijan: could the manat lose value again? That fear has lived in the country’s collective memo...

Future growth will depend less on scale and more on efficiency Azerbaijan’s e-commerce market is approaching a strategic turning point. After several years of rapid expansion, driven by the digitalisa...

For many years, environmental spending in Azerbaijan was seen as a secondary item — something obligatory, but hardly strategic. In an economy built around oil, gas, construction and heavy infrastructu...

The volume of Islamic banking assets in Azerbaijan could grow to $2.7 billion by 2035, while the total issuance of Islamic bonds, or sukuk, could reach $1.5 billion over the same period, according to...

Incoming and outgoing money transfers have become one of the important components of Azerbaijan’s external financial flows in recent years. Funds sent by Azerbaijanis working abroad to their families...

Cash is gradually regaining a more visible role in Azerbaijan’s economy, despite the government’s official push toward payment digitalization, expansion of banking infrastructure, and the growing shar...

Following the session of the World Urban Forum (WUF13) and Baku Energy Week, the Azerbaijani capital will host another major international event within the span of a single month. From June 16 to June...

Azerbaijan is accelerating its transition toward a cashless economy, turning digital payments into one of the key pillars of the country’s financial modernization. Amid the rapid expansion of mobile b...