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Thursday, August 27, 2026
What Azerbaijan’s banking boom says about economy

What Azerbaijan’s banking boom says about economy

The recent financial figures released by the Central Bank of Azerbaijan for the first seven months of 2026 present a compelling narrative of resilience, expansion, and structural vitality within the domestic banking sector. Over this period, commercial banks generated ₼1.307 billion ($0.76 billion) in operating profit, registering a robust 25.8% increase compared to the corresponding period in 2025.

Nation
SOCAR reports strong financial performance and higher profit in 2025

SOCAR reports strong financial performance and higher profit in 2025

Three major trends stood out in SOCAR’s 2025 financial results: stronger profitability, improved financial sustainability, and an expanded business portfolio. Higher profitability: Against a 1.9% increase in revenue, the company’s gross profit rose by...

Oil & Gas
Azeri Light oil price falls to $91.51 per barrel in Italy

Azeri Light oil price falls to $91.51 per barrel in Italy

The price of Azerbaijan’s Azeri Light crude oil has declined by $0.42, or 0.46%, from the previous figure to $91.51 per barrel on a CIF basis at Italy’s Augusta port.

Business
Azerbaijan exports $137 million worth of cotton fiber in seven months

Azerbaijan exports $137 million worth of cotton fiber in seven months

According to the State Customs Committee, the value of cotton fiber exports increased by 24.9%, while export volumes rose by 27.5% compared with the same period of 2025. According to the State Customs Committee, the value of cotton fiber exports increased by...

Armenian-Azerbaijani Relations
Armenia at a fork in the road: West or Moscow?

Armenia at a fork in the road: West or Moscow?

Armenia’s internal political scene is once again dominated by serious scandal, infighting and confrontation. At the centre of the latest turmoil are members of the former ruling establishment, most notably Robert Kocharyan and Serzh Sargsyan, both of whom have been closely associated with Russia and have reportedly been detained by law enforcement authorities.

World
Five Russian drones enter Moldovan territory during attack on Ukraine

Five Russian drones enter Moldovan territory during attack on Ukraine

Russian drones reportedly struck Moldovan territory again during Russia’s latest aerial assault on Ukraine on August 27.

Analysis

Lifestyle
Mugham art: Living tradition carried through centuries

Mugham art: Living tradition carried through centuries

There are sounds that belong to a particular place, and there are sounds that seem to belong to humanity itself. Azerbaijani mugham is one of them. Deeply rooted in the country's history, it carries the emotions, memories and worldview of generations, passing from one voice to another without losing its character.

Culture
Uzbek historical film screened at Lachin Int'l Film Festival [PHOTOS]

Uzbek historical film screened at Lachin Int'l Film Festival [PHOTOS]

The Uzbek historical film "Rise of the Conqueror," about Amir Temur, has been screened at the Lachin International Film Festival (LIFF 2026), marking its first screening in Karabakh and Eastern Zangazur.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Events
Silk Road Finance and Technology Forum enters second day in Tashkent

Silk Road Finance and Technology Forum enters second day in Tashkent

The second day of the Silk Road Finance and Technology Forum has begun in Tashkent, focusing on the practical application of digital currencies across the Greater Silk Road region, the development of cross-border fintech corridors and efforts to strengthen investment cooperation.

Sports
Azerbaijan, CEV strengthen focus on volleyball development [PHOTOS]

Azerbaijan, CEV strengthen focus on volleyball development [PHOTOS]

Azerbaijan Minister of Youth and Sports Farid Gayibov met with Roko Sikirić, President of the European Volleyball Confederation (CEV).

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