Azerbaijan's strategic foreign exchange reserves increased by $12.5 billion, or 17.6%, in January–November of this year, reaching $83.5 billion
Economy
The Milli Majlis has begun discussions on the 2026 budget package.
The European Bank for Reconstruction and Development, in its September outlook, projects Azerbaijan’s economy to expand by 2% in 2025 and 2.5% in 2026.
Ahead of the release of preliminary forecasts for the state budget’s revenues and expenditures for 2026, Azerbaijan’s Ministry of Finance has shared key figures with the public.
The development of the trade and logistics network will also allow Azerbaijan to cultivate its own workforce in this field.
Việt Nam and Azerbaijan are working to enhance their economic ties through new initiatives aimed at developing their innovation ecosystems and fostering bilateral investment, especially in the digital economy.
Pakistan and Azerbaijan reaffirmed their commitment to boosting ties in connectivity, trade, and investment as Deputy Economy Minister Samad Bashirli began his visit to Islamabad.
In the first quarter of this year, the volume of direct foreign investment from the United States into Azerbaijan’s economy reached $42.268 million, according to the Central Bank of Azerbaijan
The United Arab Emirates and the Republic of Azerbaijan have officially signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step forward in bilateral relations focused on trade, investment, and sustainable development.
This is great progress as Pakistan and Azerbaijan have signed investment agreements to the tune of 2 billion dollars in a gesture to further economic cooperation.
Azerbaijan and Mexico are stepping up efforts to develop economic and investment relations.
China and Azerbaijan have concluded negotiations on market access as part of Azerbaijan’s accession to the World Trade Organization (WTO).
Azerbaijan has proposed the creation of a joint sovereign investment fund with Saudi Arabia, aiming to transform growing political dialogue into lasting economic cooperation.
President Aliyev announced that Azerbaijan now exports natural gas to 12 countries, with this geographic reach continuing to expand. In 2024, gas exports reached 25 billion cubic meters.
The European Bank for Reconstruction and Development (EBRD) forecasts Azerbaijan's economy to grow by 3% in 2025 and 2.5% in 2026, reads the May issue of the EBRD's Regional Economic Prospects update.
Thirteen documents have been signed between Azerbaijani and Chinese governmental and private structures, providing for cooperation in various sectors, including industry (automotive and light industries) and the promotion of joint investments.
Azerbaijan's Economy Minister Mikayil Jabbarov met with a delegation from Saudi Arabia to discuss potential investments in Azerbaijani industrial parks, the minister said in a social media post on October 1.
On September 26, a meeting dedicated to economic issues took place in Baku.
It was emphasized that the discussions and agreements reached during the roundtable will further strengthen our relations and open new opportunities.
The Azerbaijani State Customs Committee has announced that Azerbaijan significantly boosted its trade volume with Israel, reaching $1.150 billion from January to July 2024, reflecting a 36.8 per cent increase compared to the same period last year.
The Uzbek-Azerbaijani Business Forum took place in Tashkent, focusing on strengthening investment partnerships and implementing new joint projects.
A sizable new investment capacity is set to invigorate the young Azerbaijani and Central Asian startup and venture landscape.
Drag of oil sector to ease with new oil production, higher natural gas output, says rating agency.
Pakistan anticipates multi-billion-dollar investments following the visit of Azerbaijani President Ilham Aliyev.