2025-8-16 13:14 |
S&P Global Ratings upgraded the long-term credit rating of Azerbaijan’s Business Development Fund (ABDF) from "BB-" to "BB" with a stable outlook. As of mid-2025, ABDF’s total assets reached 1. 42 billion manat (about $835 million).
Problem loans dropped to 1. 4 percent of the portfolio, down from 24 percent at the end of 2023. .
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Fitch Ratings has upgraded JSC Uzbekneftegaz’s credit rating to ‘BB’, reflecting strong government support and the company’s strategic role in Uzbekistan’s energy sector. Despite transparency concerns, the rating aligns with the country’s sovereign level. trend.az »
2025-07-11 11:16
Azerbaijan reports increased budget savings through e-procurement, reflecting improved efficiency in public spending and financial management.
Turkmennebit State Concern fulfilled its oil production plan in the first quarter of 2026, driven by large-scale well restoration works in the Balkan Region.
Azerbaijan’s sugar exports surged more than fourfold in early 2026, driven by rising production and expanding non-oil trade contributions.
The Business Development Bank of Uzbekistan reported a decline in net profit in the first quarter of 2026, while continuing to show improvement in key financial indicators.
As of April 1, 2026, Azerbaijan's Karabakh and East Zangezur regions have experienced growth in business activity. The number of business entities and individual entrepreneurs has increased compared to the previous year.
Azerbaijan's cotton exports and imports saw growth in the first quarter of 2026. Exports increased both in value and volume compared to the same period last year. Meanwhile, cotton imports also rose significantly during the same period.
Uzbek citizens’ travel to Saudi Arabia continued to grow in early 2026, with tourism remaining the main driver behind the rising outbound flow alongside family visits and other purposes.