Azerbaijan unveils details on banks’ non-performing loan write-offs
Azerbaijan's banking sector experienced significant debt write-offs, primarily in the consumer loan portfolio, amid a rise in non-performing loans across various sectors. trend.az »
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Azerbaijan's banking sector experienced significant debt write-offs, primarily in the consumer loan portfolio, amid a rise in non-performing loans across various sectors. trend.az »
In January 2026, Azerbaijan exported a significant amount of crude oil and petroleum products to Bulgaria. However, data on the previous year's exports to Bulgaria has not been released. trend.az »
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. trend.az »
In 2025, Uzbekistan continued to be the EBRD’s top pick, reeling in more than $1 billion for the sixth year running, with the cash flow directed towards sustainable infrastructure, private enterprise, and green energy initiatives. trend.az »
Exports through Bushehr Province customs reached $8 million (22 million tons) in eight months. Goods were sent to over 40 countries, including China, the UAE, India, Pakistan, and T trend.az »
Sales on the Iran Energy Exchange (IRENEX) reached 2. 9 quadrillion rials (nearly $4. 69 billion) from March 21 to November 27, 2025. During this period, 6. 21 million tons of goods were sold, valued at 2. trend.az »
Azerbaijan has generated significant revenue for the state budget from the privatization and leasing of state property during the first ten months of 2025. trend.az »
Iran has put its money where its mouth is, pouring about $3 billion into projects that are set to hit the ground running in the Pars Special Economic Energy Zone (PSEEZ) by next year. trend.az »
UZCARD is set to launch mutual card acceptance with Kyrgyz Elkart, enabling seamless payments across both countries. trend.az »
Azerbaijan has projected local revenues of 760 million manat and expenditures of 760 million manat for the next fiscal year, focusing on environmental protection, housing, and communal services. trend.az »
Iran’s Persian Gulf Petrochemical Industries Company will provide nearly 1 billion euros in funding through murabaha for six major petrochemical projects, boosting production and exports. trend.az »
East Azerbaijan exported 160,000 tons of agricultural products worth $186 million. Dried fruits were 37,000 tons ($82.2M). Grain products reached 54,700 tons ($51.3M). trend.az »
Azerbaijan exported 1.3 million tons of oil and petroleum products to the Czech Republic in the first nine months of 2025. The export was valued at $701.4 million. Compared to last year, volume rose by 60,000 tons, while value dropped by $88.7 million. trend.az »
Iran has launched a €150 million project to build a 400-km pipeline transporting 73,000 barrels of petroleum products daily from Hajjiabad to Shiraz. It will include two pumping stations and an 80 million-liter storage facility. trend.az »
Iran, Azerbaijan, and Russia are working to synchronize their electricity grids, with leadership agreements already in place. Iranian company Monenco completed research confirming the feasibility of this synchronization. trend.az »
Azerbaijan’s remittances to Ukraine and overall abroad declined significantly in the first half of 2025, reflecting shifts in cross-border financial flows amid broader economic trends. trend.az »
Azerbaijan imported $3. 7 billion worth of gold between January and July 2025 from 22 countries, totaling 38,400 kilograms. The average import price per kilogram stood at $97,500, according to data from the State Statistics Committee. trend.az »
Uzbekistan has launched construction of a major waste-to-energy plant in Samarkand in partnership with China’s Shanghai SUS Environment. The $150 million project aims to process 1,500 tons of waste daily, generate 240 million kWh of electricity annually, and significantly cut landfill volumes across the country. trend.az »