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.

Zeyni JafarovNovember 11, 2026

Cloud, connectivity and payments reshape business insurance risk

An external service outage can halt a company without damaging its own equipment. Assessing protection requires a dependency map and precise policy terms.

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.

War-risk insurance cannot remove every obstacle to a shipping voyage

Loss protection, crew safety and route readiness address different problems. The Strait of Hormuz illustrates the limits of insurance as a shipping solution.

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Cloud, connectivity and payments reshape business insurance risk

An external service outage can halt a company without damaging its own equipment. Assessing protection requires a dependency map and precise policy terms.

Sadraddin AghjayevNovember 11, 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.

Sadraddin AghjayevNovember 11, 2026

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.

Sadraddin AghjayevNovember 11, 2026

Transport

War-risk insurance cannot remove every obstacle to a shipping voyage

Loss protection, crew safety and route readiness address different problems. The Strait of Hormuz illustrates the limits of insurance as a shipping solution.

Sadraddin AghjayevNovember 11, 2026

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.

Zeyni JafarovNovember 11, 2026

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.

Zeyni JafarovNovember 11, 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.

Zeyni JafarovNovember 11, 2026

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.

Zeyni JafarovNovember 11, 2026

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FINFLY EXPLAINS

Not just what.
But why.

Understand the mechanisms behind the headlines.

All explainers ↗

Instant payments: what AniPay does

Azerbaijan’s Instant Payments System supports round-the-clock transfers between bank accounts, including weekends.

Green energy: check technology and output

Solar, wind, hydro and other technologies can sit behind the label. Identify the actual energy source first.

Grace periods depend on amount and deadline

A grace period can avoid interest when the card’s conditions are met. An advertised number of days is not the full calculation rule.

Blogs

Expert and entrepreneur columns

Opinion pieces from the newsroom, experts and entrepreneurs.

All columns ↗

FINFLY DATA

Economy in numbers

All indicators ↗

GDP 102,048.2 AZN mn

January–September 2026+1.5%

Inflation 5.7 % y/y

January–September 2026

CBAR refinancing rate 6.5 %

effective from 2026-02-05

USD/AZN 1.7 AZN

official rate on 06.11.20260%

FINFLY WATCH

From announcement to outcome

All projects ↗

Construction

Bilasuvar solar plant: 445 MW

Financial close and first-panel installation are documented, not whole-plant commissioning.

Project timeline ↗Inaugurated

Trans-Caspian fibre-optic link

The Trans-Caspian fibre-optic link between Sumgayit and Aktau was officially inaugurated on 15 October 2026. The announcement gives a length of about 380 km and capacity exceeding 400 Tbit/s. These technical specifications are not actual commercial traffic figures.

Project timeline ↗