The Manat and the Specter of Devaluation: Why the Fate of Azerbaijan’s National Currency Is Being Debated Again

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...

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...