BAKU, Azerbaijan, July 20. Last week, official data revealed that Azerbaijan conducted over $24.4 billion in trade with foreign countries during the first half of the year. Trade with Commonwealth of Independent States (CIS) countries accounted for $3.8 billion, while European Union (EU) member states made up over $10.4 billion of the total.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that, the bank issued binding directives to insurance companies including Qala Insurance and AzInsurance, as well as several independent experts, Atashgah and Mega Insurance, and Atainsurance and A-Qroup Insurance. Additionally, the license of Kabox LLC to operate as a payment organization was revoked. A memorandum of understanding was also signed between the CBA and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) to enhance bilateral cooperation.
During the Ministry of Finance’s latest deposit auction, deposits from three of the country’s five largest banks were placed for a 28-day term at a weighted average interest rate of 7.25 percent, using the treasury account balance of 500 million manat ($294.1 million).
Last week, a total of 1.81 billion manat ($1 billion) in fixed capital investments were allocated to Azerbaijan’s construction sector during the first half of the current year, while 1.8 billion manat ($1 billion) were directed toward the transport and warehousing sector. Additionally, 152.4 million manat ($89.6 million) were invested in the education sector, and 861.4 million manat ($506.7 million) in the production, distribution, and supply of electricity, gas, and steam.
As of June 1, 2025, the business loan portfolio of Azerbaijani banks to the construction sector stood at 1.48 billion manat ($870.5 million). Loans to the transport sector totaled 1.49 billion manat ($876.4 million), while the information and communication sector received 666.3 million manat ($391.9 million), and the industrial sector accounted for 2.6 billion manat ($1.5 million) in outstanding business credit.
In mortgage lending, the Mortgage and Credit Guarantee Fund (MCGF) has provided loans to 54,881 borrowers, totaling nearly 3.5 billion manat ($2 million) to date.
Moreover, under new fiscal rules, dividends will be considered a source of income for the state budget, and unused funds from budgetary foundations will be transferred to the free balance of the unified treasury account.
