Economy
Oil prices: Azeri Light, Brent and WTI — November 12, 2026
Global oil and gas prices on November 12, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Top Stories
Azerbaijan currency rates — November 12, 2026
Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on November 12, 2026.
Most disaster losses still fall outside insurance protection
Two first-half estimates differ on the scale of damage but point to the same issue: asset owners and other parts of the economy bear a large uninsured loss.
Baltimore and insurance reserves: a loss keeps developing after the event
Higher reserves do not mean another accident or an immediate payment. Revised obligations, settlement timing and the quality of initial estimates matter.
Azerbaijan earmarks AZN 5.4 billion for education and science in 2027
State budget healthcare funding is approximately AZN 2.1 billion, while the broader consolidated budget measure is AZN 4 billion.
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Section: Economy
Economy
Oil prices: Azeri Light, Brent and WTI — November 12, 2026
Global oil and gas prices on November 12, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy
Azerbaijan currency rates — November 12, 2026
Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on November 12, 2026.
Economy
Most disaster losses still fall outside insurance protection
Two first-half estimates differ on the scale of damage but point to the same issue: asset owners and other parts of the economy bear a large uninsured loss.
Economy
Baltimore and insurance reserves: a loss keeps developing after the event
Higher reserves do not mean another accident or an immediate payment. Revised obligations, settlement timing and the quality of initial estimates matter.
Economy
Azerbaijan earmarks AZN 5.4 billion for education and science in 2027
State budget healthcare funding is approximately AZN 2.1 billion, while the broader consolidated budget measure is AZN 4 billion.
Economy
Azerbaijan plans a 9.2% rise in socially oriented budget spending in 2027
Socially oriented spending is planned at AZN 18.7 billion, or 44.2% of the state budget, an increase of AZN 1.6 billion from 2026.
Economy
Azerbaijan projects government debt at 20.4% of GDP by end-2030
The Finance Ministry expects debt at 19.5% of GDP by end-2026. Domestic obligations account for about 68% of the current debt portfolio.
Economy
Non-oil sector to provide 60.6% of Azerbaijan’s 2027 budget revenue
Non-oil revenue is projected at AZN 23.8 billion, while the transfer from the State Oil Fund is set at AZN 11.9 billion.
Economy
Azerbaijan plans AZN 8.8 billion for defence and security in 2027
Up to AZN 30 million is planned for service members’ housing and rent compensation as parliament discusses the draft budget.
Economy
Ilham Aliyev arrives for COP31 Leaders’ Summit in Antalya
Turkish President Recep Tayyip Erdogan and UN Secretary-General Antonio Guterres welcomed the Azerbaijani president at the Expo Centre.
Economy
Lloyd’s profit falls 16.8% despite stronger underwriting
Stronger underwriting did not offset weaker investment returns. A breakdown of profit drivers explains why valuation losses are not the same as a cash shortage.
Economy
Oil prices: Azeri Light, Brent and WTI — November 11, 2026
Global oil and gas prices on November 11, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy
Azerbaijan currency rates — November 11, 2026
Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on November 11, 2026.
Economy
Lloyd’s pricing falls as premium growth masks pressure on insurance margins
Risk-adjusted rates fell 6.7%. Premium growth can conceal margin pressure, while buyers need to compare coverage and retained risk, not just price.
Economy
Russia’s interior ministry outlines tax initiative for migrant workers’ families
Russia’s interior ministry has initiated additional tax payments affecting migrant workers who bring non-working relatives, Russian media report, citing Interior Minister Vladimir Kolokoltsev’s remarks to the Federation Council.
Economy
Russia’s nine-month trade surplus reaches $116.8 billion
Russia recorded a $116.8 billion merchandise trade surplus in January-September 2026, up 13.2% year on year, Russian media report, citing the Federal Customs Service.
Economy
Petkim selects technology for planned 850,000-tonne polyethylene complex
Petkim has selected UNIPOL PE technology for a planned complex in Aliaga near Izmir. Licensor Univation Technologies specifies combined capacity of 850,000 tonnes of polyethylene annually.
Economy
Turkic Investment Fund commits $10 million to business financing through Şekerbank
The Turkic Investment Fund will contribute $10 million to syndicated financing for Türkiye’s Şekerbank, local media report, citing the fund’s first financing operation in the country.
Economy
Azerbaijan proposes cutting reporting penalty rate to 10%
Azerbaijan’s 2027 budget package includes proposed changes to penalties for financial institutions breaching reporting requirements, local media report.
Economy
SOCAR plans 6 billion lira investment in new STAR refinery unit
SOCAR Türkiye plans to invest around 6 billion lira in a new jet fuel unit at STAR refinery. Its company announcement targets commissioning in the first quarter of 2029.
Economy
Azerbaijani banks must prioritise verified borrower income
Banks must not substitute behavioural-model estimates for income that can be established through documents or government information systems, under CBA decision No.39/3 of September 15, 2026.
Economy
Four countries sign agreement on an Azerbaijan-Europe clean energy corridor
Azerbaijan, Georgia, Türkiye and Bulgaria signed a clean energy strategic partnership agreement at COP31 in Antalya, local media report.
Economy
Türkiye and Uzbekistan agree on joint environmental projects
Türkiye and Uzbekistan agree on joint environmental projects.
Economy
Iran industrial and mining lending rises 81.6%
Iran industrial and mining lending rises 81.6%.
Economy
Sadyr Japarov to visit Moscow for CSTO Council meeting
Sadyr Japarov to visit Moscow for CSTO Council meeting.
Economy
Kazakhstan raises energy infrastructure repair funding by 27%
Kazakhstan raises energy infrastructure repair funding by 27%.
Economy
Turkish clothing shipments to Azerbaijan rise 21.4%
Ten-month shipments exceeded $54 million.
Economy
Azerbaijan presents Caspian wind opportunities to investors
The presentation took place at COP31.
Economy
Talimarjan plant cancels advertising tender worth over 1.2 billion soums
A review identified breaches of competition requirements.
Economy
SOCAR and Sinopec agree to cooperate on procurement
The memorandum covers suppliers, equipment and services.
Economy
Tashkent exchange introduces three new stock indices
The UPI family uses different stock-weighting methods.
Economy
Black Sea energy corridor applies for EU Project of Mutual Interest status
GECO has submitted its application to the European Commission.
Economy
Uzbekistan reserves fall $2.96 billion despite higher gold holdings
The central bank released its reserve breakdown for November 1, 2026.
Economy
EIB receives preferred shares in Bank Respublika
The bank explained its compensation for AccessBank shares.
Economy
Azerbaijan proposes cashless unemployment insurance contributions
The proposal concerns how contributions are paid.
Economy
Oil prices: Azeri Light, Brent and WTI — November 10, 2026
Global oil and gas prices on November 10, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy
Remittances rose 40%: why Azerbaijan’s exposure to Russia increased
Russia contributed roughly two-thirds of the first-half increase in remittances. What greater concentration means for recipients and domestic demand.
Economy
Fewer guest nights, higher revenue: Azerbaijan’s changing hotel economics
Hotel revenue rose 0.6% while guest nights fell 6.6%. What the divergence means for income, utilisation and costs.
Economy
Expensive oil: how much does Azerbaijan gain from higher prices?
Why higher oil quotations do not translate directly into budget receipts, and how shipment volumes change the outcome.
Economy
More card payments, smaller tickets: what Azerbaijan’s data show
POS payment count rose 56.3%, while value increased 12.3%. Why neither figure alone measures growth in real consumption.
Economy
A 20% versus 34% loan rate adds AZN 852 over two years
A FinFly calculation for a two-year AZN 5,000 loan shows the effect of different interest rates on monthly payments and total interest.
Economy
Unsecured loans account for 55.3% of Azerbaijan microbusiness lending
The unsecured share is 11.8% for medium-sized businesses. The gap describes loan portfolio composition, rather than applicants’ approval chances.
Economy
Azerbaijan non-bank lenders: quarterly profit falls 18.5% despite strong annual growth
Non-bank lenders earned AZN 32.2 million in the third quarter. Operating profit was broadly stable, while provisioning charges and income tax increased.
Economy
Oil prices: Azeri Light, Brent and WTI — November 9, 2026
Global oil and gas prices on November 9, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy
Chirag’s 107.8 million tonnes: separating cumulative production from current output
The Energy Ministry reported the platform’s cumulative total; current productivity is a separate measure.
Economy
Iraq seeks a higher oil quota to support infrastructure funding
Baghdad is holding talks with OPEC; an increased quota has not been announced.
Economy
Schools and kindergartens in Azerbaijan’s liberated territories serve 6,576 children
The Education Ministry reports 27 schools and 13 preschool institutions in operation.
Economy
Gold fell about 7% in October before a partial early-November recovery
A rebound after a sharp decline does not immediately restore the previous price level.
Economy
Azerbaijan’s 2027 farm budget allocates AZN 477 million to water management
The draft budget assigns AZN 800.9 million to targeted agricultural measures.
Economy
Ukraine signed 90 energy equipment contracts in October
Contracts were worth almost EUR 200 million, supporting energy infrastructure restoration.
Economy
Vivant turns Azerbaijan filming locations into a Japanese travel itinerary
Hankyu Travel offers official filming-location tours, creating opportunities for local visitor businesses.
Economy
Shah Deniz profit tax forecast drops by AZN 180 million for 2027
Budget assumptions combine lower gas prices with a modest reduction in production.
Economy
Bank lending funded over half of ASMC’s first phase in Agdam
Phase two accounts for almost 65% of total planned investment. FinFly examines the financing structure.
Economy
Deposits after tax: what AZN 40,000 earns in one year
Yelo, Bank Respublika and ATB compared on equal terms, including early closure on days 90 and 180.
Economy
Oil prices: Azeri Light, Brent and WTI — November 8, 2026
Global oil and gas prices on November 8, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy
Azerbaijan currency rates — November 8, 2026
Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on November 8, 2026.
Economy
Claims outpace premiums: Azerbaijan’s insurers compared
Life-insurer payments reached 92.4% of premiums. A comparison of 15 companies, with life and non-life shown separately.
Economy
Before the shop: which food imports cost Azerbaijan more per tonne
Maize unit values rose 21%, while butter and milk fats fell 11.8%. FinFly compares nine food-import categories.
Economy
China steps up infrastructure and equipment upgrades
The government is stepping up investment and domestic-demand support.
Economy
China foreign exchange reserves rise to $3.405 trillion in October
Reserves increased by $4.9 billion during the month.
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