ECONOMY

NEWS

The amount of non-performing loans in Azerbaijan has increased

— ECONOMY
According to the information provided by the Central Bank, as of August 1, 2026, the loan portfolio of the country’s banks and other credit organizations increased by 12.9 percent compared to the same period of the previous year, amounting to 34,155.1 million manats in national currency equivalent. “Elchi” reports that this was stated by the […]
NEWS

Draft law on “Product Certificate” has been prepared

— ECONOMY
The draft law on “Product Certificate” has been prepared. According to “Elchi”, the draft law will be submitted for discussion at the meeting of the Agrarian Policy Committee of the Milli Majlis to be held on September 18.
NEWS

Azerbaijani oil traded above 122 dollars

— ECONOMY
Azerbaijani oil traded above 122 dollars. “Elchi” reports that the price of a barrel of Azerbaijani oil of the “Azeri Light” brand has decreased by 5.88 US dollars, or 4.83%, to 122.15 US dollars. Previously, Azerbaijani oil was traded at 128.03 US dollars. It should be noted that the average price of a barrel of […]
NEWS

Azerbaijan increases cultural spending by 2%

— ECONOMY, NEWS FEED
In 2027, expenditures on culture, art, information, physical education, youth policy, and other similar activities in Azerbaijan are projected to reach 645.2 million manats. elchi reports this with reference to the Ministry of Finance. According to the information, this is 2.1% more compared to the approved forecast for 2026. Recall that next year, budget revenues […]
NEWS

Azerbaijan slightly increases housing and utility expenditures

— ECONOMY, HEADLINE
In 2027, housing and utility expenditures in Azerbaijan are projected to be 335 million manats. “Elchi” reports this with reference to the Ministry of Finance. According to the information, this is 0.15% more compared to the approved forecast for 2026. Recall that next year, budget revenues are expected to be 39 billion 234 million manats, […]
NEWS

The share of the non-oil and gas sector in Azerbaijan’s GDP is expected to reach 82% in the next 4 years

— ECONOMY, SOCIETY
It is projected that by 2030, the annual value of Azerbaijan’s gross domestic product (GDP) will reach 169.1 billion manats, including 138.6 billion manats for the non-oil and gas GDP. “Elchi” reports this with reference to the Ministry of Finance. According to the information, the average annual real growth rate of GDP in the medium […]
NEWS

Inflation forecast for next year in Azerbaijan announced

— ECONOMY, NEWS FEED
The Azerbaijani government forecasts that the annual inflation in the country will be 5.3% in 2027. “Elchi” reports this citing the Ministry of Finance. The forecast was prepared by the Ministry of Economy, taking into account the actual inflation level during the current year, the relative decline in global commodity and food prices and its […]