Azerbaijan’s deputy minister of economy Rovshan Najaf talks about redevelopment plans for the Nagorno-Karabakh region.
Central & eastern Europe
Latest articles from Azerbaijan
Digital banking surge bodes well for Azerbaijani banks’ fees
August 18, 2021In the first half of 2021, the volume of internet banking transfers increased by 58.5% compared with the first half of 2020.
Azerbaijan's banks emerge from the dark
September 2, 2019A troublesome few years have hit Azerbaijan's banking sector hard but now its banks are emerging in better shape. Peter McGill assesses the challenges they are facing.
Azerbaijan enjoys a Sofaz success story
September 2, 2019The State Oil Fund of Azerbaijan is one of the country's success stories, and ranks 28th largest among the world's sovereign wealth funds, having diversified into equities, gold and property. Peter McGill reports.
Azerbaijan thinks again on make-up of economy
September 2, 2019In the past few years, Azerbaijan has endeavoured to reconstruct its tattered economy, with sectoral diversity being one area explored.
Azerbaijan strives to move on from IBA default
October 2, 2017With International Bank of Azerbaijan’s debt restructuring pushed through, the country can now begin focusing on addressing the roots of its problems. But the task of finding ways to grow its economy with less reliance on oil will not be easy, as Michael Turner reports.
How Azerbaijan kept up its economic ascent
March 10, 2015For more than a decade, Azerbaijan’s economy has enjoyed unbridled growth. On the 15th anniversary of it becoming one of the Asian Development Bank's member states, The Banker takes an in-depth look at its success story.
Top Black Sea banks ranking, 2014: Asset quality risks rising
May 1, 2014Several of the members of the Organisation of the Black Sea Economic Co-operation are facing rising asset impairment, but the reasons vary.
Mixed blessings of foreign ownership for Black Sea banks
May 1, 2012Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.
Profit slide brings changing landscape in Azerbaijan
November 1, 2011Many of Azerbaijan's banks were hit by economic slowdown and falling real estate valuations in 2010, and there are signs that a significant shake-up of the sector is beginning.