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Saturday November 29 2025
Banking sector strengthens as capital, credit and digitalization advance

Banking sector strengthens as capital, credit and digitalization advance

The total capital of the banking sector increased by 765.4 million manat over the year, a growth rate of 12.1 percent, and rose by 458.7 million manat since the beginning of the year. Monthly figures also maintained positive momentum with a one-percent increase. This expansion reflects a deliberate effort by banks to reinforce their buffers at a time of global financial uncertainty, creating additional protection against inflationary pressures, regional risks and potential fluctuations in credit quality.

Nation
Global rate cuts open door for Azerbaijan as CBA signals cautious easing

Global rate cuts open door for Azerbaijan as CBA signals cautious easing

Domestically, Azerbaijan’s monetary policy over the past two years has been cautiously adaptive. The Central Bank of Azerbaijan (CBA) maintained a relatively high base interest rate to ensure macroeconomic stability and to contain inflationary risks. In 2023, the key policy rate was adjusted from 8.5% to 8%, followed by a reduction to 7.25% in mid-2024. These adjustments reflect an incremental softening in monetary policy, aimed at stimulating investment and lending without undermining financial stability. Bank lending rates, particularly in manat, have remained relatively high, averaging...

Oil & Gas
bp outlines two-stage seismic program ahead of Garabagh field development

bp outlines two-stage seismic program ahead of Garabagh field development

bp will begin preparing a full development program for the Garabagh field after completing a two-stage seismic survey, bp Vice President for the Caspian Region Bakhtiyar Aslanbeyli told reporters, Azernews reports.

Business
Azerbaijan’s non-oil exports grow with food and agriculture leading

Azerbaijan’s non-oil exports grow with food and agriculture leading

The Center for Analysis of Economic Reforms and Communication (CAERC) has published the November issue of its “Export Review,” highlighting continued growth in Azerbaijan’s non-oil exports, Azernews reports.

Analysis

Armenian-Azerbaijani conflict
Pashinyan stresses need for dialogue with Azerbaijan to advance normalization

Pashinyan stresses need for dialogue with Azerbaijan to advance normalization

Armenian Prime Minister Nikol Pashinyan on Thursday emphasized that ongoing dialogue with Azerbaijan is essential for the normalization process between the two countries, Azernews reports via Armenian media.

Armenian Aggression
Khankendi attack suspect to stand trial on terrorism charges

Khankendi attack suspect to stand trial on terrorism charges

A criminal case has been formally referred to court against an individual accused of terrorism and multiple particularly serious crimes committed in the city of Khankendi.

World
Uzbekistan bans electronic cigarettes

Uzbekistan bans electronic cigarettes

Legislative changes have recently come into force in Uzbekistan, introducing strict penalties for the circulation of electronic cigarettes and nicotine-containing devices, Azernews reports.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Lifestyle
Fuzuli's poetry comes to life through mugham art [PHOTOS]

Fuzuli's poetry comes to life through mugham art [PHOTOS]

The "Shabi-Hijran" performance, starring the legendary Alim Gasimov and Fargana Gasimova, drew immense attention and was warmly received by the audience at the Heydar Aliyev Palace, Azernews reports.

Culture
Azerbaijan represented at international symposium in Turkiye [PHOTOS]

Azerbaijan represented at international symposium in Turkiye [PHOTOS]

Chairman of the Board of the Icherisheher State Historical and Architectural Reserve Rufat Mahmud has participated in the international event titled "International Symposium: A Century of National Palaces," which held in Istanbul, Turkiye, Azernews reports.

Events
Azercell expands initiatives to empower women in Azerbaijan [PHOTOS]

Azercell expands initiatives to empower women in Azerbaijan [PHOTOS]

Azercell Telecom continues to broaden its efforts to support and empower women across Azerbaijan. Speaking at the presentation of the Women’s Support Line Brochure in Spanish, held within the “16 Days of Activism against Gender-Based Violence” campaign, Shirin Aliyeva, Chief Legal and Data Strategy Officer at Azercell, emphasized that the initiative carries both honor and great responsibility for the company, Azernews reports.

Sports
Abu Dhabi Grand Slam: Azerbaijan's judokas' first opponents announced

Abu Dhabi Grand Slam: Azerbaijan's judokas' first opponents announced

The draw ceremony for the Abu Dhabi Grand Slam 2025 was held in the United Arab Emirates, where the first opponents of Azerbaijan's judokas have been determined, Azernews reports.

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