Non-oil sector projected to become Azerbaijan's budget basis by 2029
Azerbaijan expects non-oil and gas sectors to reach 63% economic contribution next year, with further expansion targeting 70% share within several years.
Azerbaijani economy
Azerbaijan's non-oil exports up by 6.6% in 10 months
Azerbaijan’s non-oil sector exports grew by 6.6% in the first 10 months of 2025, totaling $2.99 billion, according to the Center for Analysis of Economic Reforms and Communication.
Azerbaijan increases non-oil and gas exports to Russia this year
Exports to other countries, including Türkiye, Switzerland, and Georgia, also increased
Baku, Tbilisi, Ashgabat and Bucharest to establish Caspian-Black transit pipeline
The signing of an agreement between Azerbaijan, Georgia, Turkmenistan, and Romania to establish the Caspian Sea - Black Sea international transport route is planned for December 2025.
Uzbekistan proposes joint investment forum with Azerbaijan in Samarkand for 2026
Uzbekistan has offered to host a Central Asia-Azerbaijan Investment Forum in Samarkand during 2026.
Azerbaijan to boost persimmon exports to Turkish market
Azerbaijan plans to significantly increase persimmon shipments to Türkiye, leveraging recent trade incentives including duty and VAT exemptions.
Over $305 million in loans directed toward Karabakh's development
According to media reports, the volume of loans in the Karabakh economic region amounted to over $305 million in the first nine months of this year.
Greece doubles oil imports from Azerbaijan
The total value of the export exceeded $268 mln
Azerbaijan to reduce defense spending by 2030
Azerbaijan plans to cut its defense spending by 8.6% over the next five years. By 2030, the republic expects to spend less than $5 billion on its military.
Azerbaijan's non-oil exports to Russia increased by 8%
Azerbaijan's non-oil exports to Russia reached $814 million during the first eight months of 2025, marking an 8.2% increase compared to the same period last year. Russia remains Baku's main export destination.
Russia and Azerbaijan have no problems in economic area - Overchuk
Russian Deputy Prime Minister Alexei Overchuk said Russia and Azerbaijan understand each other well in the economic sphere and work constructively in it at the level of governments and enterprises.
Azerbaijan's non-oil exports to Russia surge
Azerbaijan's exports of non-oil products to Russia have increased by 8.2% in the first six months of this year, according to the Center for Analysis of Economic Reforms and Communication.
Azerbaijan and Israel double trade
Baku and Tel Aviv have doubled trade since 2021.
Central Bank of Azerbaijan: Russia one of main trading partners
The cooling in relations between Moscow and Baku has not affected the trade volume between the two countries, Chairman of the Central Bank of Azerbaijan Talekh Kyazimov said.
Ilham Aliyev: we never tried to compete with Russia in gas exports to EU
Azerbaijani President Ilham Aliyev said the republic had never tried to compete with Russia in the sphere of gas exports, Azerbaijan was also not considered as a "replacement".
Baku and Kabul mull development of Lapis Lazuli corridor
Azerbaijan's Prime Minister Ali Asadov held a meeting with Deputy Prime Minister of Afghanistan Abdul Ghani Baradar.
Kazakhstan becomes main wheat exporter to Azerbaijan
Azerbaijan’s purchases amounted to $95 mln
World Bank predicts 2.6% economic growth in Azerbaijan
Analysts from the World Bank have shared their economic growth forecasts for Azerbaijan for the next two years.
Hydroelectric power plants in Karabakh and Eastern Zangezur to save 200 million cubic meters of gas
New hydroelectric power plants in Karabakh and Eastern Zangezur will help to save resources and positively impact the environmental situation in the region.
SOCAR intends to acquire Italian oil company
SOCAR will compete for the right to acquire an Italian oil company in a tender, according media reports.
