More than 26.2 million manat ($15.4 million) in VAT refunds was returned to Azerbaijani citizens from January through October 2025, Trend reports citing the State Tax Service. The refunds were made under a program reimbursing part of the VAT paid on cashless purchases of residential and non-residential properties.
North Macedonia's exports rose slightly in the first nine months of 2025, reaching 368. 4 billion denars, while imports climbed to 523. 2 billion denars. Key export products included automotive and aircraft components, while petroleum oils and platinum group metals led imports.
Exports through Chaharmahal and Bakhtiari customs reached 248,000 tons worth $130 million in seven months.
Azerbaijan has installed more than 109,000 new-generation cash registers across the country, according to the State Tax Service.
Exports via Iran's Tamarchin customs reached $479 million and over 1 million tons in March–October 2025, up 34% in value and 28% in volume. $479 million and over 1 million tons of steel, iron ore, fruits, and dairy products were sent to Iraq.
UZCARD sees 318 percent jump in international payments as transactions abroad surge, highlighting the growing global reach of Uzbekistan’s payment system.
Iran’s Bahar Azadi gold coin experienced a slight decline in value amid ongoing fluctuations in the domestic currency market following the adoption of a floating exchange rate system.
Iran plans to attract around $30 billion in investments to boost its mining sector by 2029, aiming to increase production and exports significantly.
Iran’s Sistan and Baluchestan province recorded notable growth in trade over the first seven months of the current Iranian year, with exports rising by around 3% in value and 36% in volume compared to the same period last year.
Exports through Iran’s Bushehr customs reached about 7 billion dollars over the past seven months, driven mainly by petrochemical products, cement, and seafood shipments to around 40 countries.
Iran consumed about 4.8 billion cubic meters of natural gas last week, with households, small businesses, and the service sector accounting for the largest share.
Interested companies must submit an application indicating their legal status, country of registration, and company details.
Azerbaijan plans to allocate around $1.1 billion in subsidies next year, marking a decline of nearly $230 million compared to the expected execution for this year.
Iran’s capital market financing rose by about 50% in the first seven months of the current Iranian year, reaching nearly $13 billion.
Exports through Iran’s Shahid Bahonar Port rose by 47 percent in value during the first seven months of the current Iranian year, reaching $573 million and 2.17 million tons. Imports totaled $221 million (down 29 percent) and 46,000 tons in the same period.
Azerbaijan’s debt servicing expenses are projected to exceed about 2.5 billion manat next year, with interest payments making up roughly half of that amount.
Azerbaijan’s current account balance is expected to approach $2 billion next year, supported by oil and gas revenues.
Azerbaijan’s GDP reached 95.229 billion manat ($55.7 billion) by September, or 73.3 percent of the year’s forecast. For 2025, GDP is expected to grow 3 percent to 129.9 billion manat ($76 billion).
In the first seven months of the current Iranian year, Khuzestan Province exported 12.2 million tons of goods worth $3.73 billion. Most exports went to Iraq, totaling $937 million and 4.13 million tons. Imports reached $5.26 billion and 11.2 million tons
The 2026 draft budget indicates a shift toward greater fiscal self-sufficiency for the Nakhchivan Autonomous Republic, as state subsidies decline while locally generated revenues rise significantly.
In the seventh month of the current Iranian year, beans rose by 255 percent, Iranian rice by 155 percent, and peaches by 138 percent. Watermelon and melon prices increased by 133 percent and 127 percent, respectively.
Iran's methanol exports fell by 13. 3% in value and 3. 42% in weight during the first seven months of the current Iranian year, totaling 6. 46 million tons valued at $1. 34 billion. This compares to 6.
Iran’s latest Bahar Azadi gold coin traded at 1.12 billion rials ($1,942), up from 1.1 billion rials ($1,936). The older 1979–1991 version sold for 1.05 billion rials ($1,825). Smaller coins and 1 gram of 18-carat gold ranged from 335 million ($584) to 105 million rials ($183).
The ADB-backed Climate Adaptive Water Resources Management project in Uzbekistan aims to boost agricultural productivity and economic resilience by modernizing irrigation infrastructure, improving water efficiency, and strengthening institutional capacity in the country’s vital water sector.
The Central Bank of Azerbaijan expects the balance of payments to record a surplus of about $3 billion next year, supported by stable energy prices and a balanced foreign exchange market.
Saudi Aramco increased its downstream capital expenditures in 2025 as progress continued on key expansion projects in refining and petrochemicals.
Saudi Aramco reported a significant year-on-year increase in downstream adjusted EBIT for the third quarter of 2025, supported by stronger refining margins.
Air transport in Albania saw significant growth in the third quarter of 2025, with both passenger traffic and freight volumes rising compared to the same period last year. Over 3.8 million passengers traveled by air, while freight volumes increased by more than 25 percent.
In October, the distribution of market shares among the main operating systems changed in Azerbaijan.
Iran’s South Pars (North Dome in Qatar) gas field has reached 718 million cubic meters per day, a new record, Trend reports. Iran ranks third globally, after the U. S. and Russia, producing over 1 trillion cubic meters annually.
In October this year, Google Chrome continued to hold its position as the most popular internet browser among users in Azerbaijan, despite slight fluctuations in the market shares of other platforms.
Iran’s liquefied butane gas exports have grown significantly in both value and volume during the first seven months of the Iranian year, reaching approximately 2.67 million tons worth $1.36 billion.
Exports through Iran’s Khosravi Customs in Kermanshah Province have grown significantly in the first seven months of the Iranian year, with goods worth $567 million, mainly destined for Iraq.
Tender proposals must be submitted in a sealed envelope till November 14, 2025.
The European Bank for Reconstruction and Development (EBRD) has strengthened its environmental and social standards with the updated Environmental and Social Policy (ESP), now in force since early 2025.
Non-oil products from South Khorasan Province rose 118 percent in value and 62 percent in weight in the first seven months of the Iranian year. Exports through the province’s customs reached 1. 3 million tons worth $305 million, with 97 percent going to Afghanistan.
Exports from Iran’s Kermanshah province rose slightly in the first seven months of the Iranian year (March–October 2025), increasing 2% in value to about $1.8 billion and 1% in volume to 4.17 million tons compared to the same period in 2024.
In September 2025, transfers from the country reached $1.19 million, representing a small share of Georgia’s total inflows.
The European Bank for Reconstruction and Development (EBRD) is placing renewed emphasis on protecting vulnerable communities and promoting inclusion as part of its environmental and social safeguards, Maya Hennerkes, Managing Director of the Environment and Sustainability Department at the EBRD.
Uzbek households are increasingly benefiting from the country’s push toward clean energy, as state subsidies for rooftop solar power continue to expand, rewarding consumers for every kilowatt-hour supplied to the national grid.
Freight transport by trucks in Iran increased during the first half of the current Iranian year, with total volumes reaching 345 million tons.
Iran aims to collect 90 percent of flare gas by 2027, NIOC Managing Director Hamid Bovard said. 12 contracts will capture 300 million cubic feet per day, with 18 more planned. The projects will add 200 million cubic feet per day to the gas network, supply 800,000 tons of liquefied gas annually, and cut 30,000 tons of greenhouse gases daily.
The commissioning of the fourth infill well in the South Pars gas field has increased gas production by 1. 8 million cubic meters per day. Over the past eight months, four infill wells have raised total production by 7 million cubic meters per day.
Azerbaijan’s non-oil exports to Switzerland totaled $247. 8 million from January through September 2025. This represents an increase of $128. 2 million, or 2. 1 times, compared to the same period last year.
Iranion tons, with value down 12.2 percent but volume up 10.8 percent year-on-year.
Several German companies, including Siemens Energy, Siemens Healthineers, and BASF, are already providing support to modernization efforts in Turkmenistan.
The National Iranian Oil Company (NIOC) aims to raise crude oil production by 250,000 barrels per day and refining by 520,000 barrels with private sector support. Contracts worth $1. 6 billion have been signed to boost gas production, including at the Gordan and Pazen fields.
Only residents of Turkmenistan who are members of the Union of Industrialists and Entrepreneurs of Turkmenistan are eligible to participate.
Products were offered under prepayment terms, with FCA, FOB, or EXW delivery conditions from production facilities and ports including the Turkmenbashi International Seaport, TORC, SOR, and Marykarbamid plant.
All products in the light industry category demonstrated the continued growth of Turkmenistan’s textile and health sectors, as well as their export potential through SCRMET’s international trading sessions.
Uzbekistan has secured a new $500 million boost for its green-transition agenda, as the Asian Infrastructure Investment Bank signs a major financing deal to support sweeping reforms in energy efficiency, clean technologies, and climate resilience.
Kazakhstan Railways boosted freight volumes in the first 11 months of 2025, driven by higher exports, stronger grain and coal shipments, and a sharp rise in transit flows.
Uzbekneftegaz has taken a major step toward modernizing its operations by signing contracts for energy-efficient pumping equipment with Nam Motors Servis LLC, aiming to boost local production, cut energy costs, and accelerate technological innovation across its facilities
A Turkmen delegation, organized by the UNDP, visited Armenia from November 24–28, 2025, to engage with leading technology and innovation institutions. The delegation toured organizations such as NVIDIA Armenia and the Microsoft Innovation Center, and met with officials from Armenia's Ministry of High-Tech Industry.
As of November 1, 2025, Azerbaijani banks and non-banks had invested 1. 832 billion manat ($1. 07 billion) in the construction sector. This marked a monthly increase of 12. 3 million manat ($7. 2 million) or 0.
As of November 1, 2025, Azerbaijani banks and non-banks lent 2. 1 billion manat ($1. 25 billion) to communication and transport. This was up 1. 4 percent monthly and 17. 2 percent yearly. The real-sector loan portfolio reached 31.
The number and volume of transactions using UnionPay cards in Azerbaijan showed a decrease for both cards issued by resident and non-resident financial institutions.
In 2025, Uzbekistan’s microfinance sector hit the ground running, showcasing robust double-digit growth, fueled by blossoming loan portfolios, a surge in bank integration, and a hearty uptick in capital, as per the latest Central Bank data.
As of early November, the Central Bank of Azerbaijan’s (CBA) net claims on banks and non-bank credit organizations have fallen to around 8 billion manat, marking a significant monthly and yearly decline.
The number and volume of Visa card transactions in Azerbaijan showed significant growth, reflecting the increase in non-cash payments among both residents and non-residents.
Loans to small businesses in Azerbaijan have soared past 1.6 billion manat, reflecting a steady upward trend compared to both last month and the same time last year.
Between January and October 2025, Azerbaijani banks brought in a net profit of 986. 8 million manat ($579 million) and pulled in an operational profit of 1. 5 billion manat ($882 million). These results show an 8 percent and 7.
Uzbekistan’s industrial sector maintained strong growth in the first ten months of 2025, driven primarily by manufacturing, which accounted for the bulk of total output.
The EBRD is providing up to $40 million in synthetic local-currency financing to Uzbekistan’s Mortgage Refinancing Company (UzMRC), aiming to expand affordable housing finance and support the country’s growing mortgage market
As of November 1, 2025, Azerbaijan's broad money supply (M3) came in at 47. 491 billion manat, marking a 6. 8% increase from last year. The M2 supply came in at 37. 027 billion manat, ticking up by 6.
In January, 99.69% of all users in Azerbaijan were on Google, giving it a commanding share of the market. This number was unaltered from December of the prior year.
The Central Bank of Azerbaijan has revealed the ranking of banks by interest expenses as of January 1. The International Bank of Azerbaijan leads, followed by Kapital Bank and PASHA Bank. Bank Eurasia has the lowest interest expenses among the banks.
The volume of loans invested in households by banks and non-bank credit organizations in Azerbaijan has seen an increase as of January 1, 2026. The figure rose both compared to the previous month and the same period last year.
The increase in melon and gourd production, coupled with higher per-hectare yields, points to stable productivity gains and a positive contribution to Kyrgyzstan’s agricultural output in 2025.
Trade between Azerbaijan and the United States experienced a decline last year, with exports dropping significantly while imports remained high.
The slight decline in total potato output, combined with stable yields, indicates continued resilience and efficiency in Kyrgyzstan’s potato production sector.
The increase in vegetable output and yields highlights strong productivity gains, supporting stable supply and growth in Kyrgyzstan’s agricultural sector.
The increase in rice output reflects positive trends in agricultural productivity, supporting stable domestic supply and food availability.
In 2025, Azerbaijan exported electricity, generating significant revenue despite a decline in both export volume and earnings. The decrease in revenues and export volume highlights a shift compared to the previous year.
The figures indicate a seasonal adjustment in production volumes, reflecting changing yield conditions while maintaining overall stability in the agricultural sector.