Banks seen stable as Fitch flags resilient capital buffers [ANALYIS]

Azernews.Az

3 December 2025 08:30 (UTC+04:00)

Nazrin Abdul

According to Fitch Solutions, Azerbaijan’s GDP is expected to grow by 2.6% in 2025 and 2.4% in 2026, reflecting a slowdown due to lower oil revenues, as the oil and gas sector accounted for 38.5% of GDP as of June 2025. While global oil prices are expected to decline by around 15% in 2025, Fitch analysts note that geopolitical risks, including tightening sanctions on Russia, could provide upside potential for oil prices in subsequent years. Other projections for Azerbaijan vary: the Ministry of Economy anticipates slightly higher growth of

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