Religious organizations in Azerbaijan have been allocated financial assistance, Azernews reports. President of the Republic of Azerbaijan Ilham Aliyev signed a corresponding decree.
Financial assistance provided to religious institutions in Azerbaijan
President Ilham Aliyev has signed an order to allocate financial assistance to religious institutions across Azerbaijan.
Azerbaijan and Syria to establish Business Council
Plans are in place to establish the Azerbaijan–Syria Business Council, aimed at enhancing trade and economic ties while strengthening …
Azerbaijan to receive major loan for electrification
The Asian Development Bank (ADB) plans to lend Azerbaijan $US 325m for electrification of a key line to the Russian border.
Azerbaijan to receive major loan for electrification
The Asian Development Bank (ADB) plans to lend Azerbaijan $US 325m for electrification of a key line to the Russian border.
Azerbaijan’s banks face Basel III shift as capital rules tighten
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 …