Turkmengas State Concern has invited manufacturers to participate in a tender for the supply of general plant equipment as well as electrical, instrumentation, and automation systems. Interested companies can submit applications before the specified deadline.
Russian oil giant PJSC LUKOIL reported a sharp reversal into a deep net loss for the full year 2025, even as its operating profit remained positive.
The European Investment Bank (EIB) has outlined that its ability to begin operational activities in Turkmenistan will depend on the signing of a Framework Agreement, while also highlighting strong mutual interest in future cooperation following recent engagements in Ashgabat.
Russian LUKOIL significantly reduced its total accounts payable in 2025. The largest decline was recorded in trade payables.
Despite a little decline in volume, the value of Azerbaijan's ferrous metal exports rose in early 2026. At the same time, the value of these products' imports fell. A considerable amount of the overall imports and non-oil exports were ferrous metals.
Tajikistan is experiencing steady investment growth, while structural challenges, reliance on external financing, and limited private sector participation continue to constrain its long-term development potential.
Azerbaijan's investment activities in 2025 reflect shifting patterns in foreign direct investment, with a notable increase in outbound investments and a decrease in incoming investments, highlighting broader economic trends.
Individual remittances from Azerbaijan to Israel increased in 2025, with a notable rise compared to the previous year. Meanwhile, remittances from Israel to Azerbaijan saw a decline. Despite this, Israel maintained a significant share in both outgoing and incoming remittance flows.
Turkmenistan's completion of drilling operations at the Uzynada oil and gas field highlights significant advancements in its energy sector, with the field's growing production contributing to the country's long-term economic development goals.
Tajikistan is expected to maintain a supportive monetary policy stance in 2026, as stable inflation allows room for further easing, according to the Eurasian Development Bank.
Azerbaijan’s State Housing Construction Agency (MIDA) has announced a tender for an ICT infrastructure monitoring and early warning system with one year of support services, with bids due by April 28, 2026.
Azerbaijan’s Ministry of Defense has announced a tender for the procurement of laboratory reagents and related supplies. Interested companies are invited to submit their proposals by the set deadline, with bids to be opened on the same day.
Azerbaijan’s National Depository Center has announced a tender for IT equipment and software licenses, with bids due by April 21, 2026.
A decrease in inflation to 3. 5% year-on-year in 2025 from 3. 6% in 2024 was mainly caused by the somoni's strength, which caused it to appreciate by around 15% year-on-year. The annual rate of inflation was 3.
The State Customs Committee of Azerbaijan has announced a tender for the procurement of passenger motor vehicles, specifically microvans or vans. Interested companies are invited to submit their proposals by the set deadline, with bids to be opened on the same day.
Azerbaijan’s Agroservice OJSC has announced a tender for construction works to develop an internal irrigation system as part of a pilot project in Aghali village, Zangilan district. Interested companies are invited to submit proposals by the specified deadline, with submissions to be opened on the same day.
The Eurasian Development Bank predicts that Tajikistan's economy will experience robust growth in 2026, propelled by increasing consumption, strong investment, and high export income.
The Producer Price Index (PPI) fell 0.4% from the previous month in February, according to data from the National Statistics Office of Georgia. Nonetheless, industrial inflation is still quite high on a yearly basis, with the index increasing 5.7% since February 2025.
Uzbekistan’s solar and wind power generation is rising rapidly, reflecting strong growth in renewable energy.
Georgia sees growth in exports to Uzbekistan, keeping the country among its top trading partners, as overall Georgian exports rise significantly in the early months of the year.
Remittances between France and Azerbaijan showed significant changes in both directions, with inflows to Azerbaijan increasing sharply while outflows to France declined.
This outlook reflects ING's view of ongoing disinflation amid moderating pressures, though with risks from food, energy, and services inertia.
ING expects Uzbekistan’s economy to maintain strong and stable growth through 2026-2027, with momentum building toward the end of next year and outperforming many regional peers.
The Balkan shipbuilding yard has announced a tender to select contractors for the design and construction of two multi-apartment residential buildings in Turkmenbashi, inviting interested companies to submit proposals.
This approach seeks to minimize risks of supply disruptions, excessive costs, or over-dependence on variable renewables without sufficient supporting infrastructure.
Turkmenistan continues to rely on gas-based power generation while planning limited diversification through renewable energy and expanding electricity exports.
Uzbekistan’s agrifood sector is attracting new international financing as the EBRD prepares another investment to support industrial expansion.
The EBRD is preparing new financing for Uzbekistan’s private sector, with retail modernization emerging as one of the latest areas attracting international funding.
Georgia's foreign direct investment in Azerbaijan surged by 2.6 times in 2025, while Azerbaijan's investment in Georgia also saw an 8.8% increase, reflecting strong bilateral economic ties despite a slight overall decline in Azerbaijan's total foreign direct investment.
CNPC International Turkmenistan invites companies to participate in a pre-qualification process for calibration and periodic verification services of dew point flow analyzers. Both local and international firms can apply with a full set of documents in English and Russian.
CNPC International Turkmenistan has opened a pre-qualification process for companies interested in supplying vehicles next year. Both local and international suppliers can apply by submitting a complete set of documents in English and Russian.
In January, Azerbaijan's export landscape was predominantly influenced by Italy, which secured the most substantial portion of the total exports.
Uzbekistan’s banks are shifting credit toward households, agriculture, and services, while industrial and housing loans fall. Total lending rose 14% to $50.3 billion.
There was a dramatic uptick in foreign investment in Iran during the first eleven months of the current Iranian calendar year. Domestic investments and exports from free trade zones also experienced significant growth.
On March 17, the transaction value of fixed revenue funds in Iran's capital market grew. This growth follows a period of heightened military tensions involving the U.S. and Israel. Meanwhile, other funds like gold, silver, energy, and agricultural funds also saw significant transactions.
ING expects the Uzbek soum to remain stable in the near term, but warns that external pressures and inflation risks may limit its strengthening potential.
Passenger car production in Iran has declined over the past year, despite growth by some domestic manufacturers, according to data from the Securities and Exchange Organization’s Codal reporting system (codal.ir).
Outstanding loans issued by Turkmenistan’s credit institutions to citizens and entrepreneurs operating without establishing a legal entity increased year-on-year, according to data from the Central Bank.
The Turkmenistan branch of Tatneft PJSC has opened a tender for the temporary lease of a pump unit package, including full technical maintenance and repair services. Interested companies can submit applications electronically within the specified deadline.
Significant privatization and leasing contributions were made to the state budget by the State Service for Property Issues in early 2026. Revenue was bolstered by auctions and new lease agreements. The state's revenue from real estate transactions was boosted by these initiatives.
ABank has launched a program providing preferential loans to farmers for crop and livestock production and the adoption of modern agricultural technologies.
Uzbekistan’s trade with South Korea saw a notable increase in January 2026, despite a decline compared to two years ago, highlighting ongoing economic ties between the two nations.
The economy of the Nakhchivan Autonomous Republic has been on the upswing during the early months of the year.
In 2025, a majority of payments made using salary cards in Azerbaijan were cashless. The use of cashless payments among salary card holders has grown significantly. Over the past three years, the share of cashless transactions with social cards has also seen a notable increase.
As part of its ongoing efforts to upgrade its energy infrastructure and support economic growth, Uzbekistan is stepping up its efforts to increase energy efficiency.
As of January 1, 2026, the number of virtual cards in Azerbaijan has seen significant growth. The total number of payment cards in circulation has also increased. Additionally, a large majority of payment cards now support contactless payments.
In 2025, non-bank payment service providers saw significant transaction activity. A large portion of this involved electronic money services. The Central Bank of Azerbaijan issued several licenses, expanding the number of active payment institutions and operators in the market.
In 2025, Azerbaijan experienced a notable uptick in transactions using Apple Pay and Google Pay. Half of all contactless payments came through smart devices. Digital payment adoption took off, especially with debit and credit cards coming into play.
Azerbaijan's cashless payment transactions continue to rise, driven by increasing digital adoption and infrastructure development across various sectors.
Entrepreneurs from Georgia and Turkmenistan concluded transactions for base oil, polypropylene, cotton by-products, and textile products during the latest trading session at the Turkmen commodity exchange.
The CBA has issued a warning about potential rises in inflation predictions for 2026, citing factors such as rising oil prices and geopolitical tensions as potential external risks. Although inflation is anticipated to remain below goal, there is a danger of interruptions to the supply chain and unpredictable global markets.
The manat, Azerbaijan's official currency, has a little slowdown in circulation as of March 1, 2026. This decline marks a small reduction compared to both the previous month and the same period last year.
While the total number of transactions processed by Azerbaijan's LVPCSS dropped sharply in February 2026, the volume of those transactions increased. There was a dramatic drop in the total number of transactions compared to last year, in stark contrast to the rise in transaction volume.
The decline in ChatGPT's market share in Azerbaijan reflects the growing competition among AI chatbots, signaling shifts in consumer preferences and market dynamics.
While taking inflation goals and economic and geopolitical considerations into account, the Central Bank of Azerbaijan (CBA) has maintained the interest rate corridor unaltered. The decision is a result of the stable inflation and currency market.
The CBA’s data highlight the ongoing expansion of Azerbaijan’s banking sector and its pivotal role in financing business, consumer, and housing needs, reflecting steady growth in both credit and deposit activities.
The increase in Azerbaijan's foreign exchange reserves reflects the country's strengthened economic stability and growing financial resilience.
Georgia’s economy recorded solid expansion in early 2026, supported by growth in major industries, improving external trade performance, and rising entrepreneurial activity.
Insurance companies in Azerbaijan received substantial payments in early 2026. First in the industry was PASHA Life Insurance, then came PASHA Insurance, and finally Ateshgah Life Insurance. All things considered, these payouts are indicative of the expanding insurance market in the nation.
Uzbekistan’s trade shows a mixed picture, with overall exports down but non-special goods and services continuing to grow.
The first two months of the year saw life insurance payouts in Azerbaijan take a leap, showcasing a robust surge in the sector.
The necessity for ongoing investments in generation and grid infrastructure to sustain economic growth and ensure reliable energy is highlighted by the increasing demand for power in Kyrgyzstan.
Azerbaijan's trade with Organization of Turkic States members declined from January through February 2026. While trade with T's total trade.
China remains Uzbekistan’s leading import partner, followed by Russia and Kazakhstan, as the country’s imports saw strong growth in early 2026.
Gold exports help Uzbekistan weather increasing threats, proving the country can withstand outside pressures.
Lithuania has increased its imports of goods from Azerbaijan, despite a decline in overall trade turnover between the two countries.
FAO-supported initiatives are expected to enhance agricultural productivity, attract green investments, and strengthen Kyrgyzstan’s agro-industrial sector.
The planned investments are expected to strengthen Kyrgyzstan’s gold production capacity, support export growth, and enhance the long-term sustainability of the mining sector.
The record results underscore Kyrgyzaltyn’s growing contribution to Kyrgyzstan’s fiscal revenues and export earnings, driven by strong gold demand and improved operational efficiency.
China recorded strong growth in renewable energy generation over the past few years, driven by accelerating capacity expansion and increasing investment in clean energy.
Azerbaijan’s Central Bank sees net claims on financial institutions slide sharply, signaling a tightening in credit exposure.
As of April 1, 2026, Azerbaijan saw an increase in active VAT payers. The total number of active taxpayers and economic entities also grew. These trends highlight positive changes in the country’s tax system.
In the first quarter of 2026, Azerbaijan continued its VAT refund program for property purchases. The initiative supports non-cash transactions for residential and non-residential real estate. Authorities report ongoing refunds to citizens under the scheme.
The data highlights significant growth in business loans within Azerbaijan's transportation sector, reflecting the broader expansion of credit activity in the country's economy.
UK Export Finance has revealed how the memorandum with Uzbekistan will be implemented in practice, including support for infrastructure and energy projects, as well as the participation of UK companies.