A new phase is taking shape in Azerbaijan’s banking sector. The Central Bank’s decision to grant local banks a transition period to align their capital with Basel III standards signals a shift toward …
Turkey to boost gas imports from Azerbaijan
Azerbaijan is already a major supplier of gas to Turkey, rivalling Russian pipeline gas and US LNG imports. The country exported about 11.5 Bcm of gas to Turkey in 2024, up 12% compared to 2023, …
Non-oil economy to drive larger share of Azerbaijan’s growth by 2026
The role of Azerbaijan’s non-oil and gas sector in the national economy is set to expand further, with its share in gross domestic product expected to reach 75.8 percent in 2026, Azernews reports.
Islamic banking in Azerbaijan: moves toward new financial blueprint and its likely impacts
Azerbaijan’s financial system is entering a new era defined by digital transformation, modern regulatory frameworks, and inclusive financial policies. Amid these changes, Islamic banking, a …
Azerbaijan and EU map out future priorities for stronger ties (PHOTO)
BAKU, Azerbaijan, November 17. Azerbaijan’s Minister of Economy, Mikayil Jabbarov, and the Head of the European Union Delegation to Azerbaijan, Ambassador Marijana Kujundžić, discussed the priorities …
World Bank lauds Azerbaijan’s financial sector
The World Bank has published its Business Ready (B-READY) 2025 report, in which Azerbaijan was evaluated for the first time and achieved outstanding …
Gulf states deepen financial footprint in Azerbaijan through remittances [ANALYSIS]
In 2025, Azerbaijan’s remittance sector is undergoing a noticeable shift. Historically, the bulk of remittances has originated from post-Soviet countries and Turkiye, with Russia maintaining the …
EIB Signals Readiness to Finance Infrastructure and Logistics Projects in Azerbaijan
The European Investment Bank (EIB), through its EIB Global arm, is open to financing infrastructure and logistics projects in Azerbaijan, provided the …
Türkiye vows strong will to cooperate with Azerbaijan in energy
Türkiye is ready to engage in all forms of cooperation with Azerbaijan on renewable energy investments and the green transition, Vice President …
Azerbaijan’s property insurance market sees modest growth
The data reflects a positive growth trend in Azerbaijan’s insurance sector, with both premiums and claims seeing significant increases, indicating a strengthening market and higher consumer engagement …