Economy

Azerbaijan Plans 1.1 Billion Manats for Nine Public-Private Projects

Azerbaijan plans to attract about 1.1 billion manats in investment for nine public-private partnership projects, including water treatment, technology, waste management and transport facilities.

Azerbaijan Plans to Cover Up to 70% of Export Transport Costs

Azerbaijan plans to reimburse up to 70% of transportation costs for non-oil and gas exports and partly cover customs-clearance charges for small and midsize exporters.

Azerbaijan Says Karabakh Reconstruction Spending Reaches 25.5 Billion Manats

Azerbaijan says it has spent 25.5 billion manats on rebuilding Karabakh and East Zangezur, with more than 40,000 people resettled in 47 communities.

Azerbaijan May Require Risk Reviews After 40% Jump in Financial Transactions

Draft legislation would expand the Central Bank of Azerbaijan’s consolidated oversight and require a new risk assessment when a financial institution’s transaction intensity or value rises by at least 40% year over year.

Nakhchivan Trade Deficit Widens 47-Fold as Imports Surge

Nakhchivan’s foreign trade deficit reached $98.9 million in January-September 2026 as imports nearly tripled and exports fell by more than half.

Azerbaijan’s August Oil Output Misses OPEC+ Quota by 103,000 Bpd

Azerbaijan produced an average 448,000 barrels of crude oil per day in August, 103,000 bpd below its OPEC+ quota.

Azerbaijan Prepares More Than 120 Crypto-Asset Rule Changes

Azerbaijan is completing a package of more than 120 proposed changes, comments and recommendations for regulating crypto-assets.

Azericard Develops Card-Based Credit Scoring for Borrowers Without Credit Histories

Azericard and Mastercard have developed a model that uses bank-card activity to assess credit risk among people without established credit histories.

Nakhchivan Lays More Than 6 Km of Track Toward Zangezur Corridor

More than six kilometers of new railway track have been laid in Nakhchivan as Azerbaijan rebuilds a 194-kilometer line intended to connect with the Zangezur corridor.

Azerbaijan Plans $7.1 Million Flour Mill in Agdam Industrial Park

AÄźdam Agro Un will invest 12 million manats in a flour-production plant at Agdam Industrial Park after receiving resident status.

Azerbaijan’s Instant Payment System Reaches 1 Million Transactions a Day

Azerbaijan’s instant payment system now handles about 1 million transactions a day, matching the volume processed in an entire month in 2024.

Azeri Light Tops $131, More Than Double Azerbaijan’s Budget Price

Azeri Light rose to $131.62 a barrel, more than twice the $65 oil-price assumption used in Azerbaijan’s 2026 state budget.

IMF Cuts Azerbaijan’s 2026 Growth Forecast to 1.7%

The IMF has lowered its forecast for Azerbaijan’s economic growth in 2026 to 1.7%, while raising its current-account surplus estimate.

ADB Approves $302.38 Million Loan for Baku Metro Digital Upgrade

The Asian Development Bank has approved a $302.38 million loan to modernize signaling and digitize operations across the Baku Metro.

Azerbaijan Says Safe Energy Deliveries Are Key to Oil Market Stability

Azerbaijan says transport-route security, freight rates and insurance costs should be considered alongside supply and demand when assessing the oil market.

Ĺ koda Plans Baku Production and Maintenance Hub

Ĺ koda Group plans a production and maintenance facility in Baku that could serve the Caucasus and Central Asia, though no final investment contract or timetable has been announced.

Vallourec to Supply 16,000 Tons of Pipe for Absheron Gas Field

Vallourec won a TotalEnergies contract to supply more than 16,000 tons of tubular products for full-field development of Absheron.

Non-Oil Sector Reaches 72% of Azerbaijan’s GDP, Minister Says

Azerbaijan’s non-oil and gas sector accounted for 72% of GDP in 2025 after averaging annual growth of about 5% since 2020.

Azerbaijan Gives Final Approval to Guba-Khazaryani Oil and Gas Project

President Ilham Aliyev has signed a law approving the Guba-Khazaryani oil and gas agreement, clearing the project for implementation.

Vehicle Listing Prices Rise 1.1% in Azerbaijan, Median Reaches 18,800 Manats

The median asking price in Azerbaijan’s vehicle listings reached 18,800 manats, about $11,060, in September, while the number of advertised vehicles rose 11.4% to...

Azerbaijan Sets 70% Debt-to-Income Cap for Loan Guarantors

Azerbaijan will require banks to ensure that a guarantor’s debt-to-income ratio does not exceed 70% when a guarantee is used to secure a consumer...

ASCO Transit Cargo More Than Doubles to 1.01 Million Tons

Transit cargo carried by ASCO's dry cargo fleet rose 113% to 1,014,615 metric tons in January-September 2026.

Azerbaijan’s Non-Oil Exports Rise 20.5% to $3.2 Billion

Azerbaijan's non-oil and gas exports, excluding non-monetary gold, rose 20.5% to $3.2 billion in January-September 2026.

Georgia Registers 418 Companies With Azerbaijani Investment

Georgia registered 418 companies with Azerbaijani investment in January-September 2026, including 47 in September, official statistics show.

Czech Investment in Azerbaijan Reaches $74 Million

Cumulative Czech direct investment in Azerbaijan reached about $74 million from 1995 through the first half of 2026, according to figures presented at an Azerbaijan-Czech business forum in Baku.

Azerbaijan Changes Microcredit Rules, Allows 45-Day Restructuring Window

Azerbaijan has revised rules for short-term daily loans issued by non-bank credit organizations, including a one-time 45-day restructuring option.

Credit Cannot Replace a Salary

Credit is useful when it bridges a temporary expense, but it becomes a trap when borrowing replaces insufficient income.

China Tightens Auto Export Rules: What Changes for Azerbaijan

China’s tougher vehicle-export requirements could reduce unsupported imports into Azerbaijan and narrow the price gap with official dealers, an expert says.

Baku Shoppers Report Higher Prices for Autumn Fruit

Mandarins sell for 1.20-1.50 manats per kilogram in Baku markets, while shoppers report higher autumn fruit prices and vendors expect seasonal supply to ease costs.

Azerbaijan Cotton Exports Reach $187.9 Million, Up 23.3%

Azerbaijan exported $187.93 million worth of cotton in January-August 2026, up 23.3% from the same period last year.

East Zangezur Industrial Output Up 12-Fold Since 2022, Down 5.4% in 2025

East Zangezur’s industrial output reached 86.29 million manats in 2025, 12 times its 2022 level but 5.4% lower than a year earlier.

How Borrowers Can Rebuild a Credit History in Azerbaijan

Paying overdue debt is the first step toward rebuilding a credit history in Azerbaijan, but accurate negative records are not erased immediately and banks make their own lending decisions.

Chinese Car Owners in Azerbaijan Face Parts and Repair Delays

Owners of some Chinese-made cars in Azerbaijan are facing shortages of spare parts, long repair waits and limited access to qualified technicians despite warranty coverage.

Experts Explain Why Debt Can Remain When Closing a Loan

A monthly loan payment covers more than principal, while accrued interest, fees and the effective rate can leave borrowers owing more than the remaining principal balance.

Wild Fish Scarce in Azerbaijan Markets as Farmed Supply Grows

Carp is selling for 4-7 manats per kilogram, grass carp for about 7 manats and trout for 9-12 manats in Azerbaijani markets, but shoppers...

Slovakia Weighs Azerbaijan for 1 Bcm Annual Gas Contract

Slovakia is considering Azerbaijan as one of three potential suppliers for a long-term natural gas contract of about 1 billion cubic meters a year,...

Two Azerbaijan Energy Projects Receive $1.1 Million in Grants

Azerbaijan and the Asian Infrastructure Investment Bank signed two grants totaling $1.1 million to prepare a Caspian green energy corridor and offshore wind infrastructure studies.

Six Countries Agree to Expand CASCA+ Transport Route

Railway operators from six countries signed a protocol to expand the CASCA+ multimodal route linking Central Asia with the South Caucasus, TĂĽrkiye and Europe.

Azerbaijan Transit Cargo Nears 8 Million Tons, Targets 15 Million

Transit cargo through Azerbaijan rose 10% in the first half of 2026 to nearly 8 million tons, with a medium-term target of 15 million tons on each major corridor.

Azerbaijan Average Salary Reaches 1,173 Manats as Inflation Hits 5.7%

Azerbaijan’s average monthly nominal salary reached 1,173 manats in January-August 2026, while nine-month inflation stood at 5.7%.

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