Finance

The expanding scope and geography of the negative impacts of global climate change have increased the need for global collective action. This necessity has called for changes not only in the format bu...

On October 21, in a tunnel located in the Sabunçu district of Baku, two drivers didn’t drown in rainwater, but rather lost their lives by suffocating in the corruption that pervades the sewer system....

In a recent report, the Ministry of Finance of Azerbaijan disclosed details on the execution of the state and consolidated budgets for the first nine months of 2024. The report revealed that 64.6%, or...

Azerbaijan's public debt (including both external and domestic debt) is increasing, and by 2029, it is projected to reach 33.8 billion manats, which will be below 23% of GDP, according to materials fr...

The share of oil and gas revenues in replenishing Azerbaijan's state treasury remains high in 2024 and 2025, despite the trends of declining oil production (by at least 1 million tons in 2024) and fal...

The People's Artist of Azerbaijan, head of the "Sea Breeze" project, and businessman Emin Agalarov, expressed his desire to restore casino activities during an interview with Russian journalist Ksenia...

The trend of state borrowing has been increasing significantly in recent years. The primary catalyst for this surge was the global coronavirus pandemic in 2020. Across the world, state borrowing has g...

On September 23, during his speech[1] at the first session of the Seventh convocation of the National Assembly of the Republic of Azerbaijan, president Ilham Aliyev also touched upon the budget priori...

BP has entered into an agreement with Apollo Funds to sell a non-controlling stake in BP Pipelines TAP Limited, which holds a 20% stake in Trans Adriatic Pipeline AG (TAP), a key infrastructure facili...

Pro-government media and experts claim that by hosting Formula 1, Azerbaijan demonstrates its economic strength, development, hospitality, and multicultural values to the world.

Since 2016, Azerbaijan has been hosting the Formula 1 Grand Prix. The race was not held in 2020 due to COVID-19 and was conducted without spectators in 2021. The initial contract for the event was sup...

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...

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...

After the devaluations of 2015, double-digit inflation from 2016-2017 was repeated in 2022.

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.

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.