Financial Conditions Become More Complicated, Trade Tension Mounting

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 infrastructure, nature often remained a backdrop for growth...

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 a joint report by the Islamic Development Bank...

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 directly affect household incomes, consumption...

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 share of non-cash transactions. According to the...