Azerbaijan's 7-month tax revenues exceed $6B

Nearly $70M in concessional loans issued in Azerbaijan since early 2024

Exchange rate of manat on August 7

New chairman of board at TuranBank appointed

Gold and silver prices have grown

Karabakh Revival Fund investments in debt securities grew by 50%

AzTV reduces its obligations by 37%

Budget revenues from lease of state property facilities increased in Azerbaijan

Central Bank has issued licenses to PulPal and Global Innovations

Net profit of Karabakh Revival Fund reduced by 30%

Istanbul Stock Exchange resumes trading

Istanbul Stock Exchange halts trading 

Russian market falls following collapse on foreign exchanges

Collapse of Nikkei at Japanese stock market 

Gold and silver prices have risen in commodity markets 

Bitcoin slumps more than by 10% in a day 

Exchange rate of manat on August 5

New chairman of Board of Trustees of Azerbaijan Deposit Insurance Fund appointed

The new chairman of the Board of Trustees of the Azerbaijan Deposit Insurance Fund has been appointed.

S&P: Profitability of Azerbaijan's banking sector to be stable in 2024-2025

The banking system of Azerbaijan is recovering after a long correction.

SOFAZ increases foreign currency sales last month

In July 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold currencies worth $826.3 million.

S&P: We expect Azerbaijan’s banking sector to grow by 10-15% in 2024

Despite our low expectations on economic growth in Azerbaijan, we expect the banking sector to increase by 10-15% in 2024