Investment growth masks slowdown: Azerbaijan’s construction sector loses momentum in early 2026

The 2026 summer season has begun with a noticeable increase in rental prices across Azerbaijan’s Caspian Sea resorts. The sharpest growth has been recorded in the country’s northern coastal areas, particularly in Nabran, where demand from residents of Baku, domestic tourists, and foreign visitors remains strong.

Family businesses account for roughly two-thirds of all companies worldwide and remain one of the pillars of the global economy. Yet today this sector faces its greatest challenge in decades: the mass transfer of power from founders to the next generation. This issue is the focus of The Economist’s article, “A giant succession wave is coming for family businesses,” published on April 9, 2026. The magazine warns that a looming succession wave could reshape the structure of global capitalism.

On sunny weekends in May, residents of the Azerbaijani capital once again head for the sea. The beaches of Bilgah, Mardakan, and Buzovna are already welcoming their first visitors. Children build sandcastles, fishermen cast their lines, and cars line the shoreline, some driving almost to the water’s edge.

Azerbaijan will celebrate Eid al-Adha on May 27–28. The holiday is included in the list of official public holidays and is observed as a non-working day.