Azerbaijan
Investment grew by 10%: oil and gas and other sectors diverge
Oil and gas investment added 32.4%, non-oil and gas — 1.4%. Most of the money is still outside oil and gas, but the fastest growth is concentrated in it.
Azerbaijan's Deposits: Balance Growth Amid a Decline in the Foreign Currency Share
By the end of July 2026, Azerbaijan's deposit base reached 44,501.1 million manats, while the share of foreign currency deposits declined to 34.7% versus 38.2% a year earlier.
Azerbaijan's Foreign Ministry Issues Statement on September 27 Remembrance Day
Azerbaijan's Foreign Ministry honored the memory of martyrs of the Patriotic War and outlined measures to restore liberated territories.
Zangezur Corridor 95% Complete by Road, 75% by Rail
Azerbaijan has completed 95% of the road and 75% of the railway for the Zangezur Corridor. Work is expected to finish in the first half of 2027.
Azerbaijan Signs Cooperation Agreements with UkraineInvest and Microsoft
At the 2nd Azerbaijan International Investment Forum in Baku, documents on cooperation were signed with UkraineInvest and Microsoft Ireland Operations Limited.
US Sees South Caucasus Potential in Trans-Caspian Corridor
US Chargé d'Affaires ad interim in Azerbaijan Amy Carlon said Washington is prioritizing the South Caucasus and sees potential in the Trans-Caspian trade corridor for American business.
Azerbaijan-Oman Fund to Acquire Stake in Azer-Turk Bank
The Azerbaijan-Oman Direct Investment Fund will become a shareholder in the state-owned Azer-Turk Bank. The agreement was signed at the 2nd Azerbaijan International Investment Forum in Baku.
Azerbaijan's Banking Sector Assets Up 12.2%
As of September 1, the assets of Azerbaijani banks reached 62.5 billion manats, up 12.2% year-on-year. The loan portfolio and deposits also showed growth.
Azerbaijan's Banking Sector Profit Rises 22.65%
In January-August 2026, the net profit of Azerbaijan's banking sector reached 949.7 million manats, up 22.65% year-on-year.
Overdue Loans in Azerbaijan Up 36% Year-on-Year
As of September 1, 2026, overdue loans in Azerbaijan totaled 721.8 million manats, up 36% from a year earlier. Since the start of the year, the increase was 37.6%.
Azerbaijan Sees Card Growth Resume After Card-to-Card Limit
By the end of August, the country had 22,974,000 payment cards, up 0.8% from July. However, cashless transaction volume fell 8.5%.
Oil in Azerbaijan's exports: the largest item, but not the entire export
For January–August 2026, the customs value of oil exports is 9281.9 million dollars, gas is 5710.9 million, total exports are 21815.0 million: oil is the largest item, but not the entire export.
Azerbaijan's Mortgage and Credit Guarantee Fund cuts lending by 13.7%
In January–August 2024, Azerbaijan's Mortgage and Credit Guarantee Fund issued 262.9 million manats in loans, down 13.7% year-on-year. Refinanced loan volumes also declined.
Deposit Dollarization in Azerbaijan: Share Declines Against a Growing Base
At the end of July 2026, the share of foreign currency deposits was 34.715% with a total base of 44,501.149 million manats: the structure of the stock shifted, but the cause cannot be derived from these data.
Gas and oil: export value in different units of measurement
For January–August 2026, gas exports brought 5.71 billion dollars, oil exports — 9.28 billion. We break down what this means for business.
Second Azerbaijan International Investment Forum kicks off in Baku on September 25
The forum will take place on September 25–26 under the patronage of President Ilham Aliyev. It is organized by the Ministry of Economy and AZPROMO. Documents are expected to be signed across several sectors.
Azerbaijan's Cabinet Approves 2027 Budget Drafts
Azerbaijan's government has approved the draft state and consolidated budgets for 2027, as well as consolidated budget targets for the following three years.
AzerGold to Launch Two Gold Projects in Azerbaijan
The Soyudlu and Ortakend projects will add about 1.28 million ounces of gold reserves. Launch is planned for 2028 and 2029.
Azerbaijan's Insurance Market Grows 6.4% in Eight Months
In January-August 2026, Azerbaijani insurance companies collected 1.116 billion manats in premiums, with payouts rising 28.1%.
Aliyev Meets 01.AI and Sinovation Ventures Head Kai-Fu Lee
Azerbaijan's President Ilham Aliyev discussed AI applications and investments with Kai-Fu Lee and a TEHA Group representative ahead of the Second Azerbaijan International Investment Forum.
Birbank Launches Loan Campaign for Education Workers
The country's first digital bank, Birbank, has launched a special campaign for education workers. Under the campaign, which will run until 31 October 2026, they can take out a cash loan with a discount of up to 7%.
Surety Marine Assesses Insurance Opportunities on the Middle Corridor
International insurance company Surety Marine is evaluating opportunities to cooperate with Azerbaijani insurers, brokers and logistics operators on the Middle Corridor. Company head Kirill Patyrykin noted a sharp rise in war risk rates — from 0.1–0.2% to more than 20% per year.
Surplus on Two Positions: What Azerbaijan's Customs Total Shows
For January–August 2026, Azerbaijan's positive foreign trade balance rests on two commodity positions, each of which is comparable in magnitude to total imports.
Azerbaijan Raises Export Duty on Screws, Bolts and Nuts
Azerbaijan's Cabinet of Ministers has increased the customs duty on exports of screws, bolts and nuts from $15 to $300 per tonne by the end of 2029.