Signs of Devaluation

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 exports and trade routes, but also the structure of...

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 memory for more than a decade. In 2015, Azerbaijan...

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 digitalisation of the banking sector, improvements in...

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...