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

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, Deputy Minister of Economic Affairs and Finance...

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 the sector’s continued dependence on...

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 assessment of sustainability. At first glance,...

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 in the oil and gas sector. According to the State...