Will Batumi Become the New Home of Cryptocurrency? Where Does Azerbaijan Stand in This Race?

International reserves are approaching $86bn and the central bank has become a large buyer of foreign currency. Yet the country’s formidable financial buffer continues to conceal its dependence on hydrocarbon revenues and fiscal transfers Azerbaijan...

Allegations against two senior tax officials expose the tension between the achievements of Azerbaijan’s electronic tax administration and the persistent risks created by official discretion. Over the past decade, tax administration has become one...

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...