On the foreign exchange market in January-June, supply exceeds demand.
According to a review of the monetary policy for the first half of 2013 the Central Bank of Azerbaijan (http://cbar.az/assets/2916/PSI_2013_Q_2.pdf), made sterilization of excess supply of foreign currency in the amount of $ 1,209.3 million is almost twice as much (it was $ 639.4 million) than to the July 1, 2012.
Thanks to these measures manat for half a year strengthened versus the U.S. dollar by 0.06%. Standard devaluation of the local currency amounted to 0.02%.
The apparent stability of the manat positive impact on the environment of macroeconomic and financial sector of Azerbaijan - sums up the CBA. - 17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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