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Board Meeting was held at the Ministry of Energy

... highlighted the measures being implemented in this area. The Minister noted that the introduction of the Energy Service Company (ESCO) mechanism to attract private investment in energy efficiency in Azerbaijan, the integration of energy efficiency considerations into the construction of new buildings, and the application of international best prac ...

Azerbaijan highlights its hospitality potential and strengthens European partnerships in Vilnius

... With its rich hospitality traditions and developing tourism infrastructure, Azerbaijan continued to strengthen its international partnerships and position as a welcoming tourism destination. From 12 to 14 October, Rashad Aliyev, Deputy CEO of Azerbaijan Tourism Board (ATB), and Asmar Shabanova, Executive Director of Azerbaijan Hotel Association, at ...

Central Bank introduces new fees for payment system services

... The Central Bank of the Republic of Azerbaijan has approved a new fee structure for payment system services, with lower maximum fees for two settlement systems and revised charges for card transfers. The changes were approved by the Central Bank’s Management Board under Resolution No. 39/5, dated 15 September 2026. Under the revised tariff ...

Central Bank delegation participates at the Annual Meetings of the WB/IMF in Thailand

... nual Meetings of the World Bank (WB) and the International Monetary Fund (IMF). During the meetings, the delegation is scheduled to participate in a meeting of the constituency group that includes Azerbaijan, along with other related events. The delegation also plans to hold bilateral meetings with senior WB and IMF officials, representatives of ...

President of Laos Meets with Students at Baku State University

... of the Lao People's Democratic Republic, met with students at Baku State University (BSU). Opening the event, BSU Rector Elchin Babayev highlighted the long-standing friendly relations between Azerbaijan and Laos, noting that many young Lao citizens had pursued higher education in Azerbaijan during the Soviet era. He expressed BSU's inte ...

Kapital Bank’s net profit increased by 29.6% in the first 9 months of 2026

... illion 86 million 332 thousand manats in the same period of the previous year. Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 118 branches, 50 divisions and 15 Digital Centers all over the country. For more detailed information about the bank’s products ...

Azerbaijani Athlete Kanan Valiyev Receives Two-Year Anti-Doping Ban

... Azerbaijani athletics athlete Kanan Valiyev has been handed a two-year sanction for an anti-doping rule violation. The violation falls under Article 2.3, which concerns evading, refusing or failing to submit to sample collection. The sanction took effect on 15 April 2026 and is scheduled to end on 15 April 2028, amounting to a 24-month period ...

Delegation led by Central Bank Governor Taleh Kazimov pays working visit to the Central Bank of Uzbekistan

... A delegation led by Taleh Kazimov, Governor of the Central Bank of Azerbaijan, met with Timur Ishmetov, Chairman of the Central Bank of Uzbekistan, as part of a working visit to Uzbekistan. During the meeting, they discussed the macroeconomic situation in both countries, emerging challenges and other issues of mutual interest. The two sides w ...

Bir brings its digital banking experience to Istanbul Fintech Week

... now resolved entirely without human intervention – nearly double last year’s level of 31%. Mirzayev’s participation in Istanbul Fintech Week comes as Bir continues to communicate Azerbaijan’s digital transformation on the global stage. Since 2019, the event has brought together more than 17,000 participants from 62 countr ...

Central Bank enhances prudential requirements for credit risk management

... The Central Bank of the Republic of Azerbaijan has approved amendments to three regulations governing credit risk, asset classification and risk management at banks, aiming to improve assessments of borrowers’ ability to repay loans and bring prudential requirements into closer alignment with the risks involved. The amendments were approved b ...

Azerbaijan Airlines marks growth and international recognition in the first nine months of 2026

... Azerbaijan Airlines, part of AZCON Holding, recorded growth in its operations during the first nine months of 2026, alongside an expanded route network, new digital services and international recognition. Between January and September, the airline operated 14,100 flights and carried nearly 3.3 million passengers, including more than 2.6 million ...

Mastercard Research: 79% of Young People Have Used AI to Research Products

... cted by Opinium on behalf of Mastercard in June and July 2026 across Bulgaria, Czechia, France, Germany, Israel, Italy, the Netherlands, Norway, Poland, Romania, Spain, Sweden and the United Kingdom. Azerbaijan was not included in the research sample. About Mastercard Mastercard powers economies and empowers people in 200+ countries and terri ...

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