Aze.US The figure marks a strong rebound for the sector after a weaker performance a year earlier.In 2024, steel pipe output totaled 109,800 tons, representing a 62.3 percent decline compared with 2023. As of January 1, 2026, inventories of finished steel pipe products held by industrial enterprises stood at 4,500 tons, the statistics showed. The … Read more
Aze.US Azerbaijan’s insurance sector is projected to expand by at least 10 percent this year, according to Elmar Mirsalayev, Executive Director of the Azerbaijan Insurers Association. Mirsalayev said the industry has demonstrated stable growth and resilience in recent years, a trend he expects to continue in the near term. Strategic policy documents approved by the … Read more
Aze.US For decades, Azerbaijan’s economy was defined primarily by energy. Oil revenues shaped state budgets, infrastructure investment, and the country’s global economic identity. That reality is still present in 2026. But it is no longer the whole picture. A quieter transformation is underway – one in which non-oil sectors are beginning to determine long-term stability … Read more