MakeMyTrip reported that bookings to Azerbaijan and Turkey have decreased by 60%, while cancellations have surged by 250% in just one week …
Azerbaijan’s financial sector gears up for enhanced collaboration with LSE
The ongoing dialogue between Azerbaijani officials and their counterparts at the London Stock Exchange (LSE) marks an exciting chapter in the growing economic cooperation between Azerbaijan and the …
EBRD and Unibank relaunch partnership to expand MSME finance in Azerbaijan
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$ 10 million (€8.8 million) to Unibank in Azerbaijan in local currency. The proceeds will be lent on to local …
Azerbaijan, Kazakhstan begin talks on new double taxation agreement
The State Tax Service (STS) under the Ministry of Economy of Azerbaijan and the National Revenue Committee of Kazakhstan have initiated negotiations on a new draft Convention on the Elimination of …
IMF praises Azerbaijan’s financial stability, strengthened with robust macroprudential framework
IMF stress tests confirm the resilience of Azerbaijan’s banking system under baseline scenarios. However, in more severe situations, the overall capital adequacy ratio could decline to 4.5%.
Azerbaijan empowers Intellectual Property Agency with new authority – decree
According to the decree, the authorized body of Azerbaijan in the Interstate Council on Legal Protection and Protection of Intellectual Property of the CIS has been determined as the Intellectual …
Azerbaijan’s bold play: From Belt and Road passageway to global business hub [ANALYSIS]
When the Belt and Road Initiative (BRI) was announced over a decade ago, many countries saw their role simply as transit points, conduits for the colossal flow of Chinese goods westward. Azerbaijan, …
IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist
The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 …
IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist
The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 …
Azerbaijan’s banking sector assets reach AZN27.88bn with a 2.55% NPL ratio in March 2025
By Cavid Aga in Ankara The Azerbaijani banking sector has demonstrated remarkable resilience and steady growth in recent years, despite global economic challenges, according to the latest central bank …