#finance
Latest news and interesting information about finance.
$28 Billion Needed for Middle Corridor
AIIB Managing Director Xiaohong Yang says $28 billion investment is required for the Middle Corridor. Details on Bond.az.
Baku-Tirana direct flight expected
Albania's Deputy Finance Minister Endrit Yzeiraj announced a direct Baku-Tirana flight is expected, highlighting TAP and energy cooperation.
IDB Group Startup Competition Winners Announced
IsDB Group's 5th startup competition winners announced. First prize of $5,000 awarded.
Pashinyan: US creates fund for TRIPP project
Armenian PM Pashinyan says US creates fund for TRIPP project and other regional initiatives.
UK Government Split Over Defense Budget
UK ministers demand higher defense spending amid geopolitical tensions, while PM Starmer remains cautious about budget increases.
Baku Signs New Islamic Finance MOU
Baku hosts signing of Islamic finance MOU between IsDB Institute and Labuan FSA. Read more on Bond.az.
Historic decision in Baku: $2.8B package approved
The Islamic Development Bank approved a $2.8 billion development financing package at its Baku meeting, covering transport, energy, agriculture, and climate resilience projects.
$2 Billion Allocated to Education
Azerbaijan allocates $2 billion to education in five years, supporting 70,000 youth.
State to pay loan interest for some
Azerbaijan state pays loan interest for farmers. New decision supports annual sowing farmers with interest coverage.
Azerbaijan-US discuss TRIPP project implementation
Azerbaijan and the US discussed implementation of the TRIPP project. Cooperation in energy, transport, and investment was emphasized.
US company halts largest fuel export to Cuba since 1960
US company Vanguard Energy cancels 250,000 barrel fuel export to Cuba due to sanctions, halting the largest shipment since 1960.
Baku Metro Expansion: $180 Million Loan Approved
The Asian Infrastructure Investment Bank has approved a $180 million loan for the Baku Metro expansion project, covering depot construction and station modernization over 20 years.
968 million manat allocated to 44 legal entities in 2025
News about 968 million manat allocated to 44 public legal entities from the state budget in 2025.
GDP per capita reaches 12,600 manat in 2025
In 2025, Azerbaijan's GDP per capita reached 12,600 manat, with economic growth and non-oil sector development.
SOCAR becomes skill exporter company
Deputy Energy Minister Elnur Soltanov says SOCAR is becoming a skill exporter company.
DIM to Take Measures to Assign Laid-off Civil Servants
DIM will take measures to assign laid-off civil servants to equivalent positions. President Ilham Aliyev signed a decree.
SIMA Solutions at Finance Summit
SIMA digital solutions platform showcased at International Finance and Banking Summit. Biometric technologies and fintech solutions discussed.
State to pay credit interest for farmers
State to pay credit interest for farmers. New mechanism aims to support the agricultural sector.
Railway infrastructure rules approved
The Cabinet of Ministers approved rules for maintaining and using railway infrastructure. Details on safety, smart systems, and payments.
Taylor Swift's net worth reaches $2 billion
Taylor Swift's net worth reaches $2 billion. The singer made the Forbes Iconoclast 50 list, thanks to The Eras tour and music releases.
New strategic agreements between Azerbaijan and USA
Azerbaijan and USA signed strategic agreements worth $7.5 billion. Cooperation in energy, technology, and critical minerals enters a new phase.
Mass Arrests in Armenia: Ex-Ministers and Yerevan Ex-Mayor Detained
Armenia sees mass arrests of former ministers, Yerevan ex-mayor, and university officials on corruption charges. Details inside.
Trump $250 bill: When will it be released?
Treasury Secretary Scott Bessent says the $250 bill with Trump's portrait depends on Congressional approval. If rejected, the administration will not push it.
Jafar Asadov appointed to high position
Jafar Asadov appointed as advisor to rector on financial matters at Sumgait State University.
Trump appoints acting National Intelligence Director
President Trump announced William Pulte as Acting Director of National Intelligence. Learn more about the appointment.
Finance Ministry abolishes local offices, creates new department
The Ministry of Finance abolished local finance offices and created the Local Revenue and Expenditure Finance Department to improve efficiency.
Vusal Nasirli appoints new deputy head
Vusal Nasirli appoints Hasan Babayev as new deputy head of Finance and Economics Department at AAYDA.
Mkango Reports Q1 2026 Financial Results
Mkango Resources reports Q1 2026 financial results. Details on rare earth projects, recycling operations, and SPAC merger.
AI debt sales reshape corporate bond markets
Big Tech companies like Alphabet and Amazon issue record bonds in non-U.S. markets to fund AI investments, reshaping global corporate debt.
German infrastructure fund misses spending targets
Germany's €500 billion infrastructure fund fails to meet spending targets as finance ministry report shows slow progress and missed milestones.
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