Azerbaijan economy
Economic events in Azerbaijan: investments, banking sector, digitalization, transport, real estate, legislative changes, ratings and financial indicators.
340 Projects Implemented in Azerbaijan's Liberated Territories in Half a Year
In the first half of the year, 340 projects worth 1.064 billion manats were implemented in Azerbaijan's liberated territories, accounting for 30.4% of the planned funds.
Economy · August 7, 2026Azerbaijan Utilizes 30% of State Investment Program Funds in H1
In the first half of 2026, Azerbaijan implemented 287 projects under the State Investment Program, utilizing 810.2 million manats out of 2.7 billion.
Economy · August 7, 2026Azerbaijan creates 'Digital Public Finance' system
Azerbaijan's Ministry of Finance reports on digitalization of public finances: a new information system has been created, the 'Electronic Budget Guide' portal has been launched, and the volume of contracts signed via E-müqavilə exceeded 1 billion manats.
Economy · August 7, 2026Fitch Upgrades ABB Bank's Ratings to BB+
International agency Fitch has upgraded ABB Bank's long-term issuer default rating from BB to BB+, with a stable outlook.
Gadgets · August 7, 2026Azercell launches annual subscription to ZengimCELL service
Azercell subscribers can now get an annual subscription to the ZengimCELL call personalization service for 18 manats and change ringtones without limits.
Economy · August 7, 2026Yelo Bank Extends Promo on First Cash Loan Until August 31, 2026
Yelo Bank extends special offer for new clients: 1% discount on first cash loan and 0% commission until August 31, 2026.
Economy · August 7, 2026Manat Rate to Dollar Unchanged on August 7
CBA published official exchange rates for August 7: dollar at 1.7 manats, euro at 1.9591, Turkish lira at 0.0356, 100 rubles at 2.0816.
Economy · August 6, 2026CBA Approves Changes to Corporate Governance Standards
The Central Bank of Azerbaijan has approved amendments to corporate governance standards, introducing an independent customer complaint handling function and expanding ethical conduct rules.
Economy · August 6, 2026Birbank launches campaign: fee-free cash withdrawals with Birbank Star card
From August 6 to September 10, 2026, customers who apply for a Birbank Star credit card can withdraw cash without commission until September 30.
Economy · August 6, 2026Central Bank of Azerbaijan Comments on Suspension of Transfers via Golden Crown
The Central Bank of Azerbaijan stated it does not interfere in relations between banks and payment systems; decisions to suspend transfers are made by banks independently.
IT · August 6, 2026Five More Azerbaijani State Agencies Move to Government Cloud
The executive powers of Sumgayit and four districts have migrated their IT systems to AzInTelecom data centers under the G-cloud project.
Economy · August 6, 2026Azerbaijan Central Bank Exchange Rates for August 6
The Central Bank of Azerbaijan kept the dollar rate at 1.7 manats, the euro rose by 0.1%, and the ruble fell by 0.04%.
Economy · August 6, 2026Associations Propose Limits, Regulator Silent: Uncertainty Grows in Azerbaijan's Financial Sector
Restricting transfers to 5 operations per day and 20,000 manats per month is not just a strange recommendation; it is an attempt to interfere with the freedom of financial operations.
Economy · August 5, 2026Xalq Bank Offers Unsecured Business Loans to Entrepreneurs
Xalq Bank launches a new credit campaign, offering entrepreneurs more favorable and accessible financing conditions.
IT · August 5, 2026Azerbaijan Introduces Fines for Social Networks Violating Age Restrictions
President of Azerbaijan signed amendments to legislation establishing fines for social networks for violations related to age restrictions and protection of minors.
Economy · August 5, 2026Azerbaijan Advised to Establish Baku International Financial Centre
Oliver Wyman analysts recommend Azerbaijan to undertake institutional reforms in the financial sector, including the creation of Baku IFC, to attract investment in infrastructure projects.