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Sunday, August 2, 2026
What $2 billion in Central Bank FX purchases says about manat

What $2 billion in Central Bank FX purchases says about manat

The latest statements from the Central Bank of Azerbaijan provide an important insight into the country's monetary policy and offer investors a clearer picture of where the manat is likely headed in the coming months. While many market participants continue to speculate about possible changes to the exchange rate, the available data suggest that the Central Bank remains firmly committed to preserving currency stability as part of its broader strategy to contain inflation.

South Caucasus Pipeline transports 130 bcm of gas during SOCAR's five-year operational period

South Caucasus Pipeline transports 130 bcm of gas during SOCAR's five-year operational period

A total of 130.4 billion cubic meters (bcm) of natural gas has been transported through the Baku-Tbilisi-Erzurum South Caucasus Pipeline (SCP) between August 1, 2021, and August 1, 2026, the State Oil Company of Azerbaijan (SOCAR) announced, AzerNEWS reports.

Karabakh, East Zangezur attract investment with tax incentives, says presidential representative

Karabakh, East Zangezur attract investment with tax incentives, says presidential representative

Tax and customs incentives, special financial mechanisms, and broad state support are helping attract investment and accelerate economic development in Azerbaijan's Karabakh and East Zangezur regions, according to Vahid Hajiyev, the President's Special Representative in the Jabrayil, Gubadli and Zangilan districts, AzerNEWS reports.

Freed Ukrainian POW alleges captives were used as forced labour in Chechnya

Freed Ukrainian POW alleges captives were used as forced labour in Chechnya

A Ukrainian soldier released in a prisoner exchange has alleged that Ukrainian prisoners of war held in Chechnya were forced to work without pay on construction projects linked to associates of Chechen leader Ramzan Kadyrov, AzerNEWS reports.

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