Baku to host an investment forum on energy transition

On November 15-16, 2024, the first investment forum on energy transition in Central Asia will be held in Baku within the framework of COP29.

Average annual growth of investments in fixed assets is projected at 3%

In the medium-term prospect, Azerbaijan is projected to see a 3% annual growth in fixed capital investments.

State Budget subsidies for NAR reduced

The subsidies allocated to the Nakhchivan Autonomous Republic (NAR) in the first half of 2024 from the State Budget of Azerbaijan amounted to 150.1 million manats

Many foreign companies sharply reduce investments in China

Many large American, European and Japanese companies are actively reducing their investments in China or limiting new projects

Portfolio investments of enterprises and organizations in Azerbaijan reaches $610 million

Over Jan-Jun 2024, portfolio investments of Azerbaijani departments, enterprises and organizations amounted to $610 million.

These companies earned $491 million in the securities market

Investments in NAR economy lowered by 17%

Azerbaijan and EBRD discuss projects within cooperation

Economy Minister Mikayil Jabbarov held a meeting with EBRD new executive director for Türkiye & the South Caucasus, Elizabeth Falchetti, and wished her success in her work, ABC.AZ reports, referring to the Ministry of Economy.

Azerbaijan is among states that invest the most in Georgian economy

S&P 500 and Nasdaq declined – which is to be expected from September as a difficult month

Today, on September 5, futures for the S&P 500 index are traded down 0.07% to 5,519.25 points.

EBRD boosts active portfolio in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) has increased its active portfolio in Azerbaijan by 2%, or €12 million, compared to the previous month, reaching €664 million as of July 31, 2023

Russia revokes Goldman Sachs' brokerage license

The Central Bank of Russia announced that it had revoked Goldman Sachs' brokerage license in the country following the bank's request

Capital Partners investment company under scrutiny for regulatory violations

The Central Bank of Azerbaijan revealed several violations in the activities of Capital Partners Investment Company CJSC.

Uzbekistan to build textile factories in three Azerbaijani cities

Seven joint projects were launched on August 23, with the participation of the presidents of Azerbaijan and Uzbekistan

Investments in Azerbaijan's economy up by 2%

Number of residents of Araz Valley economic zone has reached 12

This year, banks in Azerbaijan received about 215 million manats of income from securities

As of July 1, 2024, Azerbaijani banks’ interest income on securities amounted to 214.6 million manats.

Foreign direct investments in China declined

In the period from January to June 2024, foreign direct investments (FDIs) in China fell by 29.1% year–on–year to 498.91 billion yuans, which is a record decline in the first 6 months of the year

EBRD reduces its investment portfolio in Azerbaijan by 4.7%

As of July 29, 2024, the portfolio of the EBRD projects in Azerbaijan is estimated at 893 million euros.

High-yield bonds to be issued in Azerbaijan

NBCO Finex Kredit is preparing to issue high-yield bonds to the securities market.

Distribution of preferential loans given by EDF for six months

Over Jan-Jun 2024, 94.3% of loans given by the Entrepreneurship Development Fund in total accounted for micro, small and medium-sized enterprises.