From Surplus to a Test of Resilience: What Lies Ahead for the Economy in the Second Half of 2026

When Milli Majlis approved in the first reading on June 12 the draft law on the implementation of the 2025 state budget, the official picture appeared almost flawless. Instead of the approved deficit of 3.1 billion manats, the country closed the...

Current State, Areas of Application and Future Prospects Artificial intelligence (AI) has become an integral part of everyday life, economic activity and public administration worldwide over the past two years. Azerbaijan has joined this process...

Azerbaijan is gradually entering a new phase in the development of its energy sector, where natural gas is beginning to assume the role that oil occupied for decades. While the country had been associated primarily with oil exports since 1997, Baku has been steadily expanding gas exports since 2007, transforming itself into one of Europe’s key energy partners.

Azerbaijan’s retail market in 2026 continues to demonstrate resilience, although growth rates are beginning to reflect deeper structural changes in consumption patterns and the broader economy. After several years of recovering consumer activity, the non-oil sector is facing a new reality: inflation is gradually constraining household purchasing power, while rising incomes are no longer generating the same expansion in demand as before.