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Sunday, August 9, 2026
Azerbaijan banks expand lending while keeping $2.7 billion liquidity cushion

Azerbaijan banks expand lending while keeping $2.7 billion liquidity cushion

According to official statements delivered by Central Bank Governor Taleh Kazimov during the monetary policy assessments, the banking sector maintains an excess liquidity pool of 6 billion manats prior to accounting for mandatory reserves.

Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage stuck at 57%, lowest since 2011

Europe's natural gas storage facilities are currently 57% full, marking the lowest level recorded for this time of year since 2011. By comparison, storage sites across the continent were approximately...

Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

Fitch upgrades Azerbaijan banks’ operating environment rating to ‘BB’

International rating agency Fitch Ratings has upgraded its assessment of the operating environment for Azerbaijani banks to “bb” from the previous “bb-”, while maintaining a “stable” outlook, AzerNEWS reports.

Eight bison calves born in Shahdag National Park this year

Eight bison calves born in Shahdag National Park this year

Eight bison calves have been born this year in Shahdag National Park, marking a significant achievement in Azerbaijan's efforts to restore the population of this endangered species, AzerNEWS reports citing WWF Azerbaijan.

Iran war turns Strait of Hormuz into global economic pressure point

Iran war turns Strait of Hormuz into global economic pressure point

In recent months, the Strait of Hormuz has remained the main stumbling block in diplomatic efforts between the two sides. It is alternately closed and opened. Iran believes that only Tehran and Muscat can monitor navigation in the Strait of Hormuz, while Donald Trump asserts that the US will not allow Iran to charge fees for passage through the strait.

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