In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
Recall that the government forecasts gross domestic product growth of 3.5 % this year and 2.8 % next year.
Besides, the UN stated that the average annual inflation in Azerbaijan in 2024 was 3.7%, in 2025 is expected to be 3.6%, and in 2026 - 3.1%.
Recall that the government forecasts inflation in the country at 4.6% this year and 4% next year.
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, total turnover of 12 investment companies-members of ‘Baku Stock Exchange’ (BSE) was about AZN 105.3 billion.This is reported by the BSE.
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