Macroeconomy
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Azerbaijan’s tourism industry expects to significantly expand domestic tourism during the summer 2026 season, seeking to turn travel within the country into one of the drivers of the non-oil economy amid global geopolitical instability and growing interest in regional tourism. However, the ambitious plans face constraints linked to household incomes, regional infrastructure problems and competition from foreign resorts.
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Ferrous metallurgy remains one of the sectors that the Azerbaijani authorities consider strategically important within the framework of the country’s non-oil industrialization policy. However, the sector continues to face technological backwardness, structural limitations, and heavy dependence on imports of metals and raw materials.
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By a decision of the Cabinet of Ministers of Azerbaijan dated May 8, 2026, significant amendments were introduced to the “Regulation on the Normative Price of State Land Plots on Which Privatized State Enterprises and Facilities, as well as Enterprises and Facilities Built by Legal Entities and Individuals, Are Located,” adopted in 1998. The amendments fundamentally update the mechanism for calculating annual lease payments for state land plots and introduce a differentiated approach based on market value.
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The International Monetary Fund’s latest economic outlook for 2026–2028 reads less like a technical forecast and more like a map of a changing world. As major economies struggle with slowing growth, debt pressures and geopolitical fragmentation, some of the fastest-growing countries are no longer found in traditional centres of global power.
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