Central bank governor: reserves cover 41 months of imports
Azerbaijan’s strategic foreign currency reserves are large enough to cover 41 months of the country’s imports, Central Bank of Azerbaijan (CBA) Governor Taleh Kazimov said...
Category : Economy
Swedish fashion giant H&M to open first Baku store at Ganjlik Mall
Swedish clothing retailer H&M is entering the Azerbaijani market, with its first store set to open at Ganjlik Mall in Baku on October 17, 2026....
Hackers steal $350 million from crypto exchange Bitget
Cryptocurrency exchange Bitget has confirmed a cyberattack that resulted in the theft of $351.6 million. The company says it will cover customer losses using its...
Second International Investment Forum opens in Baku
The Second Azerbaijan International Investment Forum got underway in Baku on Wednesday, bringing together prominent foreign investors, government officials and representatives of international financial institutions...
Workplace accident insurance volumes fall sharply in first eight months
Both premiums collected and compensation paid out under mandatory insurance against industrial accidents and occupational diseases dropped year-on-year in the first eight months of this...
Azerbaijan unveils 2027 state budget projections
Azerbaijan expects state budget revenues of 39.234 billion manats and expenditures of 42.4 billion manats in 2027. The figures were presented at a Cabinet of...
EBRD forecasts Azerbaijan growth of 2% in 2026, 2.5% in 2027
The European Bank for Reconstruction and Development expects Azerbaijan’s economy to grow 2% in 2026 and 2.5% in 2027, matching the figures it published in...
Azeri Light crude sells at $121 a barrel
The price of Azerbaijan’s Azeri Light crude climbed to $121.43 a barrel on world markets, up $3.69, or 3.13%, from the previous session. According to...
Azeraluminium’s capacity to reach 100,000 tonnes
Baku, 23 September. The annual production capacity of Azeraluminium LLC’s electrolysis plant will be increased to 100,000 tonnes. The target is set out in the...
Demirli complex provides permanent jobs for 1,342 people
The Demirli Ore Processing Complex in Janyatag village, Aghdara district, has received a special letter of appreciation from the Ministry of Labour and Social Protection...