Latest articles from Azerbaijan

Rovshan Najaf1

Rebuilding the Karabakh region

September 27, 2021

Azerbaijan’s deputy minister of economy Rovshan Najaf talks about redevelopment plans for the Nagorno-Karabakh region.

Digital banking surge bodes well for Azerbaijani banks’ fees

August 18, 2021

In the first half of 2021, the volume of internet banking transfers increased by 58.5% compared with the first half of 2020.

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Azerbaijan's banks emerge from the dark

September 2, 2019

A 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.

Shahmar Movsumov teaser

Azerbaijan enjoys a Sofaz success story

September 2, 2019

The 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 oil teaser

Azerbaijan thinks again on make-up of economy

September 2, 2019

In the past few years, Azerbaijan has endeavoured to reconstruct its tattered economy, with sectoral diversity being one area explored.

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Azerbaijan strives to move on from IBA default

October 2, 2017

With 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, 2015

For 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, 2014

Several 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, 2012

Levels 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.

Azerbaijan, Huseynov, Faig

Profit slide brings changing landscape in Azerbaijan

November 1, 2011

Many 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.

What impact did the global pandemic have on banks?

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