Weekly Economic Review: March 16–22, 2026

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.

The President of Azerbaijan, Ilham Aliyev, visited the Shamakhi district, where he took part in the opening of a new building of the European Lyceum and the “Shirvan Agro” livestock complex. The projects were implemented as part of the state policy aimed at modernizing education and developing agriculture, reflecting a course toward economic diversification through human capital and the agricultural sector.

The week of March 9–15, 2026, in Azerbaijan’s economic agenda was marked by stabilization following the regional tensions of early March, increased economic diplomacy, and discussions on new sources of economic growth. Key attention was focused on restoring trade links, macroeconomic trends, and strategic directions for development.