In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.
Central & eastern Europe
Latest articles from Azerbaijan
Samir Sharifov
July 6, 2010Azerbaijan's finance minister tells The Banker about the country's strategy to diversify its economy away from a dependence on oil exports and addresses international questions about the government's fiscal transparency. Writer Michelle Price
Oil price slump has Azerbaijan preparing for a slowdown
August 4, 2009Banks in Azerbaijan have been remote from the global financial market turmoil but are readying themselves for a fall in economic output at home, due to the country's reliance on oil revenues. Writer Michael Imeson
Caucasus calling
May 5, 2008The Azerbaijan government is keen to use its geostrategic location and growing resources wealth to establish its status as a regional hub, and the financial sector is eager to play its part, reports Philip Alexander.
Incomplete revolution
May 5, 2008Azerbaijan’s authorities are pushing banks to entrench improved performance by adopting international management practices, reports Philip Alexander.
Time to seize opportunities
May 5, 2008Azerbaijan’s government is intensifying efforts to strengthen the non-oil and regional economies using oil revenues and legislative improvements. But inflation is a growing threat.
Azeri dreams
September 4, 2006Forget the black gold of its oil industry – Azerbaijan’s real treasure is its cultural status as the birthplace of Indo-European civilisation, and the country is considering how to promote this to tourists. Courtney Fingar reports from Azerbaijan.
Hydrocarbon sector to gush
September 4, 2006Azerbaijan’s oil windfall is calculated to total $1000 dollars per capita per year for the next 20 years. Nick Kochan explains how production is being apportioned.
Capital markets await lift-off
September 4, 2006So far the fortunes of the Baku Stock Exchange have been muted, but legal and systems changes are afoot.
After the oil is gone
September 4, 2006Samir Sharifov, Minister of Finance, tells Nick Kochan why Azerbaijan is tapping the Euromarkets as well as making great efforts to build up its non-oil sector.
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