Weekly Economic Review: April 27 – May 3, 2026

The period of April 20–26, 2026 reflects a combination of structural reforms, increased state control in several sectors, and the gradual adaptation of the economy to internal and external constraints. The economic agenda is shaped at the intersection of three key directions: energy diversification, tighter institutional regulation, and the maintenance of macro-financial stability.

Speaking at parliamentary committee hearings on April 13, Chairman of the Chamber of Accounts Vugar Gulmammadov stated that audits conducted in 2025 revealed violations, financial distortions, and inefficient spending totaling 1.55 billion manats, which is lower than approximately 2.07 billion manats recorded a year earlier.

Heavy rains fell across Baku, the Absheron Peninsula, and several regions of the country from April 4–6, with around 90 mm of precipitation recorded (up to 390% of the monthly norm). This led to flooding of residential areas and infrastructure, exposing vulnerabilities in the urban drainage system.

During the week of March 30 to April 5, Azerbaijan’s economic agenda was shaped by rising oil prices, the intensification of state economic policy, and increasing macroeconomic risks. Alongside the positive dynamics of revenues from energy exports, inflationary expectations and structural challenges related to the economy’s dependence on the raw materials sector are also increasing.