June 9, 2026

Baku: An appeal complaint regarding the sentence of Anass Derraz, Vice President of the French company SAUR, has been reviewed, resulting in a reduced prison term. Derraz was previously sentenced to 12 years for accepting a large bribe and other crimi…

Baku: The number of active digital banking users in Trkiye has increased significantly in recent years, exceeding 129 million, Secretary General of the Banks Association of Trkiye Nurullah Bakir said during his speech at the 10th International Finance…

Baku: The volume of transactions carried out through electronic payment systems in Trkiye has surpassed cash payment transactions by nearly 20 times, Secretary General of the Banks Association of Trkiye, Nurullah Bakir, announced during his speech at …

Baku: The total volume of transactions conducted with payment cards in Azerbaijan reached AZN 49.4 billion in the first four months of 2026, marking an approximate 11% increase compared to the same period last year, President of the Azerbaijan Banks A…

Baku: The level of dollarization of the deposit portfolio in Azerbaijan’s banking sector has declined to 35.7%, while the dollarization level of savings has fallen to 30.2%, President of the Azerbaijan Banks Association (ABA) Zakir Nuriyev said during…

Baku: A total of AZN 4,454.9 million has been earmarked from Azerbaijan’s 2025 state budget for the reconstruction and restoration of liberated territories. This allocation was revealed in the ‘Annual Report on the Execution of the State Budget of the…

Baku: Azerbaijan’s state budget revenues exceeded the approved forecast by 2.2% in 2025, reaching AZN 39 billion 184.6 million. This information was discussed during the recent meeting of the Milli Majlis Committee on Economic Policy, Industry and Ent…

London: Oil prices experienced a decline in global markets as noted in the trading activities on two major exchanges. On the London Intercontinental Exchange (ICE), Brent crude saw a decrease of $1.07, bringing the price to $93.18 per barrel. Meanwhil…

Washington: The U.S. Department of Energy has announced an updated forecast for the price of Brent crude oil in 2026, raising it to $95.39 per barrel from the previous estimate of $94.85. This adjustment reflects a 0.57% increase in the anticipated pr…