AZN in the spotlight: latest news

Fitch Ratings projects that Azerbaijan's real GDP growth will reach 1.8 percent in 2025, revising its earlier estimates.

Recent months have seen renewed discussions regarding the stability of the Azerbaijani manat, especially in light of global economic uncertainty. Strong macroeconomic flows have contributed to a more optimistic outlook for the currency.

The 2025 budget results indicate that Azerbaijan's economy is proving to be more resilient than anticipated, especially as the month draws to a close.

Fitch Solutions has updated Azerbaijan's economic growth projections, estimating a growth rate of 2.6% for 2024 and 2.4% for 2026. The revision is attributed to the country's ongoing reliance on the oil and gas sector. Additionally, Fitch expects the manat to remain stable through 2026.

Mandatory state social insurance contributions in Azerbaijan increased by 7% in the first eleven months of 2025, totaling approximately 390 million manat.

The Asian Development Bank (ADB) has stated that Azerbaijan's economic growth will persist at a modest rate, while inflation is expected to remain manageable.

The Asian Development Bank (ADB) has updated its forecasts, increasing the expected economic growth and inflation rates for the Caucasus and Central Asia region.

Azerbaijan anticipates a 5% growth rate in its non-oil sector's real GDP by 2026, according to recent macroeconomic forecasts.

The Azerbaijani Parliament has officially approved the draft law concerning the 2026 budget of the State Social Protection Fund during its third reading.

The Azerbaijani Parliament has finalized its approval of the draft law concerning the state budget for 2026 during its third reading.

Azerbaijan's state budget surplus has seen a significant increase, with revenues reaching 35 billion 625.6 million manats and expenditures totaling 31 billion manats from January to November this year.

In Azerbaijan, revenues from paid services provided by state-funded organizations reached 592.3 million manats from January to November 2025.

Azerbaijan's budget revenues for the first eleven months of 2025 have surpassed expectations, totaling nearly 44 billion manat.

Azerbaijan's public finances showed strong performance in the first 11 months of 2025, indicating a gradual shift in the country's economic structure.

Bank of America presents a strong argument for the appreciation of Kazakhstan's tenge against the US dollar in the competitive forex market.

S&P projects that Azerbaijan's current account balance will achieve a surplus of approximately 3% between 2025 and 2028, highlighting the country's external balance as a key credit strength bolstered by significant foreign currency assets.

Azerbaijan is expected to maintain a stable exchange rate for the manat at 1.7 against the US dollar, according to a report by S&P Global Ratings, as cited by APA-Economics.

S&P Global Ratings predicts that Azerenerji OJSC's EBITDA will reach between 540 and 580 million manats in 2025-2026.

S&P Global Ratings projects that the Central Bank of Azerbaijan's foreign exchange reserves will reach $11.343 billion by the end of 2025, indicating a 3.5% increase.

Recent reports from international financial institutions have clarified Azerbaijan's economic outlook for the coming years, highlighting a steady yet challenging environment.

S&P Global Ratings has upgraded its outlook on Azerbaijan from stable to positive. Additionally, the agency has affirmed the country's long-term and short-term credit ratings.

S&P Global forecasts that Azerbaijan's GDP per capita will increase to USD 7.8 thousand by 2026.

S&P Global Ratings has confirmed Azerbaijan's long-term and short-term credit ratings in both national and foreign currencies, while also upgrading its outlook to positive.

Azerbaijan is projected to keep the manat pegged to the U.S. dollar at a rate of AZN1.7 per US$1, backed by consistent foreign exchange interventions.

Azerbaijan is projected to maintain a stable exchange rate of the manat against the US dollar at 1.7 through 2026.