Economics - 2024
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In a significant step towards bolstering economic development, Azerbaijan and the World Bank engaged in discussions on the Country Partnership Program (CPF) for the period 2025-2028. Mikail Jabbarov,...
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In a bid to foster economic growth and provide vital support to business entities, the Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan disbursed 193.8 million manats in c...
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The Asian Development Bank (ADB) has successfully executed its third issuance of bonds denominated in Azerbaijani manats, marking the second issuance of gender bonds in the national currency. The ADB...
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In a press conference dedicated to the results of 2023, Yusif Abdullayev, Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO), announced significant achievements in A...
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The Central Bank of Azerbaijan (CBA) has observed subtle fluctuations in average interest rates on loans and deposits, providing a nuanced reflection of the financial situation in the country as of th...
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The State Customs Committee (SCC) of Azerbaijan reported 12% increase in tax and duty transfers to the state budget for the year 2023, reaching a total of 6 billion 337 million 538.8 thousand manats....
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AzerGold Closed Joint Stock Company (CJSC) celebrated the issue of its new bonds by holding an opening ceremony at the Baku Stock Exchange on January 29, 2024. The ceremonial event was graced by no...
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In 2023, a significant 95.6% of Turkmenistan's oil exports found their route through Azerbaijan, marking a notable increase in foreign shipments of raw materials, as reported by the Argus agency. The...
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Azerbaijan's Central Bank has charted a path for the nation's financial sector, as outlined in the recently approved "Strategy for the Development of the Financial Sector of Azerbaijan in 2024-2026."...
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At a meeting dedicated to the beginning of the year, the Economic Council of Azerbaijan gathered to discuss the socio-economic landscape for 2023 and define a strategic action plan for 2024. Under the...
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Azerbaijan Airlines (AZAL) has announced its foray into the vibrant city of Karachi, Pakistan's largest metropolis, come April. This expansion is underpinned by the triumph of AZAL's operations to two...
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AzerGold CJSC has unveiled plans for a substantial investment of 1.7 billion manats in the creation of an iron ore production chain in Azerbaijan, according to a statement by the company. The Boston C...
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Azerbaijan's First Deputy Minister of Economy Elnur Aliyev held a series of high-level meetings during his diplomatic stay in Saudi Arabia yesterday, which indicates an active desire to strengthen bil...
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The Central Bank of Azerbaijan, having approved its "Financial Sector Development Strategy for 2024-2026", sets ambitious goals for the development of the payment system. By 2027, the share of non-cas...
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The Central Bank of Azerbaijan (CBA) has greenlit the "Strategy for the Development of the Financial Sector in 2024-2026," signaling a proactive approach to fortifying the nation's economic landscape....
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Azerbaijanis have channeled a substantial $2 billion through Turkey's electronic trading platforms annually, as disclosed by Ramil Mahmudov, Head of the Policy Department for the development of the na...















