Economy

The Central Bank of Azerbaijan (CBA) and the Financial Market Regulation and Development Agency (FMRD) of Kazakhstan have held discussions on securities registration and regulation as part of a bilateral working visit aimed at boosting cooperation in the financial sector, Azernews reports. According to the CBA, the visit was organised to expand …

Kazakhstan and Azerbaijan have promising opportunities to collaborate in the field of digitalization, according to Asan Jakishev, Head of the Secretariat of Kazakhstan’s Chamber of Foreign Trade. Azernews reports that he shared this with journalists during the 6th ECO Business Forum, held under the theme “Promoting Investment and Trade as Catalysts …

The Azerbaijani government is gearing up to roll out an action plan after Shusha has been crowned the tourism capital of the Economic Cooperation Organization (ECO) for 2026, Azernews reports. President of the Republic of Azerbaijan, Ilham Aliyev, signed a decree in this regard. The decision was made during the 5th meeting …

Azerbaijan and Tajikistan have exchanged views on strengthening cooperation in land management, cadastre, and related fields, Azernews reports, citing the State Service on Property Issues under the Ministry of Economy. The head of the Azerbaijani agency, Matin Eynullayev, met with a delegation led by Orif Khojazoda, Chairman of Tajikistan’s State Committee on …

The third round of the high-level energy dialogue between Azerbaijan and the European Commission is scheduled to be held in Brussels on June 13, Azerbaijani Deputy Minister of Energy Orkhan Zeynalov announced in an interview with European media, Azernews reports. This meeting is part of the implementation of the Memorandum of Understanding …

At the Baku Energy Forum, SOCAR Vice-President Afgan Isayev emphasised the urgent need to establish a consortium among Caspian Sea countries to address the region’s complex logistics and lack of access to open seas, Azernews reports. “Logistics remains one of the key challenges facing Azerbaijan,” A. Isayev stated. “We do not have …

Azerbaijan Railways CJSC (ADY), a subsidiary of AZCON Holding, has intensified cooperation with Chinese logistics partners to boost container block train traffic along the Central Corridor, also known as the Middle Corridor, and to enhance digital cargo tracking solutions, Azernews reports. The discussions took place during the “Transport and Logistics – 2025” …

Azerbaijan and Moldova are exploring new opportunities to deepen bilateral cooperation across a range of sectors including investment, trade, and energy, Azernews reports, citing a post shared by Economy Minister Mikayil Jabbarov on his official account on the social media platform “X.” The discussions took place during a meeting with Moldova’s Deputy …

In 2024, a noteworthy yet modest development in Azerbaijan’s economic landscape occurred with the entry of direct foreign investment from Mexico. For the first time, Mexico contributed $5.2 million to Azerbaijan’s economy, marking a milestone in the relationship between the two nations. Although this investment accounted for just 0.1% of …

In recent years, Azerbaijan has focused on harnessing its economic potential and promoting export-oriented agricultural production. These efforts have led to significant progress in the development of traditional agricultural sectors. The modernization of infrastructure, better utilization of labor resources, and the effective use of natural resources have allowed for increased …