AGP Executive Report
Last update: 11 hours agoEconomic Outlook: Azerbaijan’s GDP grew 1.5% in January–September. The IMF forecasts growth of 1.7% this year and 2.3% in 2027, and raised its estimate of the 2026 current-account surplus to 11.3% of GDP. Rebuilding Garabagh: Caspian Construction Week opened in Baku, showcasing investment opportunities in the liberated territories. The government says 25.5 billion manats has gone to reconstruction, with nearly 1,500 kilometres of roads built; tax breaks, concessional loans and other incentives are available to businesses. Energy: TotalEnergies has taken a final investment decision on the Absheron gas field’s full-field development, with Vallourec awarded a pipe-supply contract. New Partnerships: Azerbaijan and Laos held an investment and business forum in Baku, while President Ilham Aliyev said Azerbaijan could consider projects proposed by Lao investors. Banking & Finance: IE Business School’s new case study highlights ABB Bank’s transformation: its mobile users rose to 2.6 million in 2025, and product development time fell from 243 days to 59. Transport: The Asian Development Bank approved a $302 million loan to modernize the Baku Metro.
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