Iranian banks break new ground with surge in loan lending for 7M2025
Iranian bank lending surged in the first seven months of the current Iranian year, reaching around $63 billion, up nearly 50% compared to the same period last year.

Iranian bank lending surged in the first seven months of the current Iranian year, reaching around $63 billion, up nearly 50% compared to the same period last year.
The International Finance Corporation (IFC) provided advisory support and invested in a climate transition bond issue by Turkish bank QNB T
Companies interested in participating must obtain the relevant documents from the Coordinating Department of Industry, Construction, and Public Works of the Balkanabat City Administration. Tender proposals will be accepted from December 11, 2025, through January 5, 2026.
The Eurasian Economic Union (EEU) has decided to extend tariff benefits for the import of motor vehicles with electric and hybrid engines to Kyrgyzstan.
Azerbaijan produced 634,400 tons of white oil from January to November 2025, a 14.3% increase from 2024. By December 1, finished stocks reached 18,600 tons. The total manufacturing value of petroleum products was 5 billion manat ($2.9 billion), up 9.6% year-on-year.
Moody’s highlights that ongoing modernization of government systems and service delivery will play an important role in improving transparency and supporting each country’s positive credit outlook.
The Uzbek soum has strengthened steadily in 2025, gaining 7.5% against the US dollar, driven by rising foreign currency supply and strong export sales.
The Asian Development Bank is considering the HILAL project, which aims to comprehensively upgrade and strengthen T
Foreign investment in Azerbaijan’s fixed capital rose significantly, driven by strong growth in both the oil–gas and non–oil sectors.
Crucially, Moody’s highlights a gradual but meaningful shift in the region’s growth model: non-extractive sectors are beginning to play a stronger role, with momentum building in manufacturing, services, digital industries, and transport and logistics.
Gas transit through the Baku-Tbilisi-Erzurum South Caucasus pipeline has increased slightly, reaching about 20 billion cubic meters from January to November.
Uzbekistan is accelerating economic reforms and pushing forward its World Trade Organization membership bid, while gradually restructuring state-owned enterprises and the banking sector to meet global standards.
Iran’s Sepah Bank has provided substantial loans to support the construction of a large residential complex, financing 56,000 apartments with an 18% increase compared to last year.
From March 21 to December 11, 2025, the Iranian Energy Exchange (IRENEX) recorded sales of nearly 3. 2 quadrillion rials ($4. 86 billion). This included 6. 95 million tons of hydrocarbon products and 94 million MWh of electricity.
Iran’s truck transportation and transit volume reached 10. 98 million tons from March 21 to November 21, 2025, including 8. 82 million tons of exports and 1. 68 million tons of imports. The 10. 98 million tons of total cargo, 8.
Russia has strengthened its position as Uzbekistan’s leading Eurasian investor, with LUKOIL alone channeling nearly $8 billion into the country’s largest energy and gas projects.
Iran’s Pars Special Economic Energy Zone has significantly advanced local production, with billions of dollars invested in domestic projects across the oil, gas, and petrochemical sectors.
Uzbekistan is rapidly expanding its investment footprint across Eurasia, with fresh data showing a sharp rise in outbound capital and a growing portfolio of regional projects.
Uzbekistan has hit the ground running in 2025, reeling in foreign investment like a fish to water in its fuel and energy sector, thanks to a wave of large-scale projects in both renewable and conventional power.
In the first 11 months of 2025, Azerbaijan's retail trade network saw sales of 2.4 billion manat ($1.4 billion) in beverages and tobacco products. This represents a 2.5% year-on-year increase. The commodities accounted for 4.1% of total trade turnover.
Parskhodro Automobile Manufacturing Company’s passenger car output fell sharply in the first eight months of the current Iranian year, dropping more than 40% compared to the same period last year.
The price of Iran’s Bahar Azadi gold coin increased to 1.34 billion rials ($2,033) on December 11. This follows Iran’s adoption of a floating exchange rate system in May 2024. A half coin was priced at 725 million rials ($1,101), a quarter coin at 415 million rials ($630), and one gram of 18-carat gold at 128 million rials ($195).
Sales of pharmaceutical products and medical supplies in Azerbaijan’s retail network rose to 1. 4 billion manat ($823 million) in January–November 2025. This represents a jump of 24. 3% compared to the same time last year.
From January to October, Azerbaijan conducted trade operations with partners in 175 countries, exporting to 120 countries and importing from 170, according to the State Statistics Committee.
Uzbekistan is strengthening its position as a key investment hub in Eurasia, attracting more than $10.7 billion in inflows in the first half of 2025 alone.
Uzbekistan’s fruit and vegetable exports saw strong growth in the first ten months of 2025, reaching 1.8 million tons worth $1.7 billion—a nearly 40% increase compared to last year
Aluminum ingot production by four Iranian companies rose 3% to 411,351 tons in the first eight months of 2025. Southern Aluminum led with 173,108 tons, followed by Iranian Aluminum (114,011 tons) and Al-Mahdi Aluminum (103,922 tons).
Passenger car production at Iran Saipa dropped by 36.7% to 143,211 units from March 21 through November 21, 2025, compared to the same period last year. The production included 80,300 X200 models, 21,200 Shahin cars, 8,000 Changan, 22,600 Pikap 151, and 2,050 Toyota cars.
Azerbaijan's industrial production reached 57.5 billion manat ($33.8 billion) from January to November 2025, a 1.1% decline from last year. The oil and gas sector dropped by 2.1%, while the non-oil sector grew by 4.8%. The mining sector led with 60.6% of total production.
Inventory rose 14%, and manufactured goods for resale rose 13%. Basic metals and fabricated metal products, rubber and plastic products, and coke and refined petroleum production drove growth, resulting in outputs of 4.
Companies wishing to participate must submit a sealed, signed application on official letterhead addressed to the branch director, indicating the participant’s full name, legal status, country of registration, and company details.
Iran’s Mellat Bank reported a significant rise in net profit, reaching around $1.2 billion in the first half of the year, up from about $900 million in the same period last year.
Iran’s Persian Gulf Petrochemical Industries Holding reported higher investment income for the past Iranian year, rising to roughly 600 trillion rials.
Iran's Alborz Province has attracted $5. 8 billion in foreign investment since March 2025, with 15 investors from countries including Oman, UAE, China, and Turkey. The investments will focus on sectors like agriculture, IT, food, and energy.
Azerbaijan directed roughly 17 billion manat into fixed capital from January to November, marking a 3% increase compared to the same period last year.
Interest rates in Uzbekistan are showing a gradual decline in local-currency loans, while deposit rates remain relatively stable.
Iran’s Persian Gulf Petrochemical Industries Holding is pushing ahead with a major investment program worth roughly $14 billion, working closely with local companies to expand production.
Kyrgyzstan’s real sector has recorded a marked increase in enterprise inventories this year. Updated statistical data reflects broader shifts in market activity.
Companies wishing to participate must submit a written application indicating their full name, legal status, country of registration, bank details, and company profile (main business activities, experience in similar projects, etc.).
Companies wishing to participate must submit a written application on their official letterhead addressed to the branch director, signed by an authorized representative and sealed. The application must include the participant’s full name, legal status, country of registration, and company details.
The total value of quotations on Turkmenistan’s Commodity Exchange for the upcoming session has slightly decreased compared to the previous day.
Dehghani said that the increase in question will help draw attention to the country's sustainable gas supply during the winter season.
The Commission added that water and energy remain central pillars of their partnership with Tajikistan. Through the regional Team Europe Initiative on Energy, Water and Climate Change, EU supports sector reforms and key investments in water and energy sectors.
Uzbekistan views cooperation with Azerbaijan as a key factor in securing its access to global markets, with both countries stepping up efforts to develop the Middle Corridor as a strategic link between Asia and Europe.
Urea grade “B” is an industrially produced nitrogen fertilizer, commonly supplied in granular form. It contains about 46% nitrogen, dissolves easily in water, and is widely used to enhance soil fertility, support plant growth, and increase crop yields.
The bilateral trade dynamics between Uzbekistan and India have escalated to a remarkable $1 billion within the initial ten months of 2025, signifying one of the most rapid growth trajectories in trade relations for Tashkent.
Urea grade “B” is an industrially produced nitrogen fertilizer, commonly supplied in granular form. It contains about 46% nitrogen, dissolves easily in water, and is widely used to enhance soil fertility, support plant growth, and increase crop yields.
Ukrainian entrepreneurs purchased textile products from local suppliers on the foreign market, while Turkmen partners secured cotton fiber from the State Concern “Turkmenpagta” on the domestic market.
Iran’s oil and gas sector experienced a GDP escalation to approximately $19 billion in the initial semester of the fiscal year, indicating a positive trajectory relative to the preceding year.
Iran is prioritizing a major expansion of renewable electricity production, targeting roughly 11,000 megawatts by next year as demand continues to rise.
Entrepreneurs from Kyrgyzstan completed a deal to purchase local textile products at Turkmenistan’s State Commodity and Raw Materials Exchange.
Uzbekistan boosted its natural gas exports in 2025 while cutting imports, helping to improve its energy trade balance amid growing global demand.
Uzbekistan has outlined its economic priorities for 2026, approving key macroeconomic targets and State Budget parameters that emphasize steady growth, controlled inflation, and expanded social and development spending.
Uzbekistan’s trade with China hit a new high in 2025, underscoring China’s continued position as the country’s largest trading partner amid expanding bilateral economic ties.
The new rules are expected to enhance transparency and legal clarity in budget lending, strengthening fiscal discipline and improving the management and recovery of state financial resources.
The rating action indicates Fitch’s assessment of broadly stable credit fundamentals in Kyrgyzstan, with manageable recovery prospects and gradual progress in strengthening macroeconomic and governance conditions supporting the current rating level.
The lower tobacco output and yields reflect a contraction in this niche segment of agricultural production, while the overall impact on the wider farming sector remains limited.
The IEA's forecast for 2026 suggests stable production throughout the year.
The rise in corn output and yields points to stable agricultural performance, supporting consistent domestic supply and productivity trends.
The slight decline in legume output and yields points to stable overall production, maintaining consistent supply levels in the agricultural sector.
Outbound tourism from Uzbekistan continued to gain momentum in 2025, with a sharp rise in the number of citizens traveling abroad, driven mainly by trips to neighboring countries and key international destinations.
Nebitdagnebit, part of Turkmennebit State Concern, reported overperformance in oil production last year, surpassing its plan and strengthening the foundation for sustainable growth in the hydrocarbon sector.
Kyrgyzstan’s grain sector in 2025 maintained stable production levels, with expanded harvested areas and a significant contribution from key agricultural regions.
In 2025, Kyrgyzstan witnessed notable growth across its agriculture, forestry, fisheries, and construction sectors, with construction experiencing particularly robust expansion.
Kyrgyzstan’s utilities and infrastructure sectors showed notable growth in 2025, with strong gains in energy supply and water and waste management services.
The latest trends in Azerbaijan's mobile device market reflect a shift in brand dominance, with fluctuations in market share signaling changing consumer preferences and competitive dynamics.
The rising market share of ChatGPT in Azerbaijan, while still far behind Google, highlights the growing adoption of AI-driven tools in the digital landscape alongside traditional search engines.
The business loan portfolio for Azerbaijan’s construction sector has grown, according to data from the Central Bank of Azerbaijan.
Turkmenistan and Tajikistan put their heads together to hash out the development of trade and economic ties during the latest session of their intergovernmental commission in Dushanbe.
The shifting trends in social media platform usage in Azerbaijan highlight changes in user preferences and the evolving digital landscape, with notable shifts in engagement across major platforms.
As of February 1, 2026, Azerbaijan's individual deposits have seen a year-on-year increase in both national and foreign currencies, reflecting a positive trend in the financial landscape. Deposits in national currency took a leap, while foreign currency deposits also climbed the ladder.
In February 2026, Android's market share in Azerbaijan fell to 36. 02%, a decrease of 0. 25% from the previous month. Second place in the Azerbaijani OS market went to Microsoft Windows products, with 31.
Uzbekistan and China are hitting the ground running in their strategic partnership, pouring resources into investment cooperation and pushing forward significant joint projects across vital sectors of the economy.
The total transaction value on the Baku Stock Exchange took a nosedive in the first two months of 2026. The figures from BSE reveal a drop when stacked against the same timeframe last year. The number of transactions took a nosedive, with a notable plunge in repo operations.
Uzbekistan and China are stepping up their strategic economic partnership, as a surge in investment activity and blossoming business connections hint at a fresh chapter in their bilateral relations.