Central Bank of Azerbaijan to keep inflation control as main monetary policy goal in 2027

The Central Bank of Azerbaijan (CBA) will continue to prioritise keeping inflation within its target range as the main objective of its monetary policy in 2027.

CBA Governor Taleh Kazimov made the remarks during a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, where lawmakers discussed the draft law on the state budget of the Republic of Azerbaijan for 2027.

Kazimov said price stability would continue to provide the foundation for balanced and sustainable economic growth.

‘Monetary policy will continue to be implemented within the framework of the eisting regime net year. Echange rate stability will remain the main anchor of price stability in 2027. A surplus in the current account of the balance of payments will continue to support equilibrium in the foreign echange market net year,’ he said.

The CBA Governor noted that short-term interest rates in the money market would remain an auiliary operational target of monetary policy in 2027.

He added that the Central Bank would make adequate and fleible use of its eisting instruments to ensure that short-term money market rates remain within the interest rate corridor. Measures to strengthen the interest rate channel in monetary policy transmission would also continue.

Kazimov further emphasised that monetary policy would remain coordinated with macroprudential policy and other areas of the Central Bank’s activities.

According to him, deeper financial sector development and stronger financial stability would have a positive impact on the effectiveness of monetary policy transmission.

FIFA praises Azerbaijan’s referees after successful U-15 World Cup and Festival

FIFA has epressed its gratitude to the Association of Football Federations of Azerbaijan (AFFA) for the high standard of refereeing at the FIFA U-15 World Cup and Festival held in Azerbaijan.

In an official letter addressed to AFFA Secretary General Jahangir Farajullayev, FIFA Referees Committee Chairman Pierluigi Collina praised the high standards of refereeing and the professional management of matches throughout the competition.

‘The successful delivery of such an important event was made possible only through professional preparation, strong organizational skills and dedicated teamwork. In this regard, we would particularly like to acknowledge the efforts of AFFA’s Referees Committee and Refereeing Department,’ the letter stated.

Collina also etended his appreciation to all AFFA staff involved in organizing and officiating the matches, particularly Azerbaijani football referees, for their valuable contribution to the successful staging of the FIFA U-15 World Cup and Festival.

A total of 86 referees took part in officiating matches at the FIFA U-15 World Cup and Festival in Azerbaijan. Of these, 80 were from Azerbaijan, three were invited from Georgia and another three from Trkiye.

Sabah and Qarabag U-19 teams set for UEFA Youth League matches today

Azerbaijani clubs Sabah and Qarabag will take to the field today for their respective UEFA Youth League fixtures, with both sides looking to improve their positions in the competition.

Sabah will face Norwegian side Viking’s U-19 team in the fourth round of the league phase. The match is scheduled to kick off at 16:00 Baku time.

Sabah have endured a difficult start to their campaign, losing their previous three matches. The Baku-based side suffered a 2-0 defeat against Germany’s Borussia Dortmund, a 3-0 loss to Czech club Slavia Prague and a 5-0 defeat to English giants Manchester United.

Meanwhile, Qarabag’s U-19 team will travel to Croatia to face Dinamo Zagreb in the second leg of their second qualifying-round tie. The match will also begin at 16:00 Baku time.

The Aghdam-based side, coached by Rashad Sadiqov, will be aiming to overturn the first-leg deficit after suffering a narrow 2-1 defeat in the match played in Baku.

Both Azerbaijani teams will be hoping for positive results as they continue their UEFA Youth League campaigns.

Baku, Moscow strengthen cooperation in emergency management [PHOTOS]

The Minister of Emergency Situations of the Republic of Azerbaijan, Colonel General Kamaladdin Heydarov, met with a delegation led by the Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Colonel General Aleander Kurenkov, who is visiting our country in connection with the I World Championship among Men and the II World Championship among Women in fire and rescue sport, held in Baku.

Minister Kamaladdin Heydarov warmly welcomed the guests and thanked them for their participation in the world championship, stressed the importance of holding this prestigious international sport event in our country, and epressed his belief that the competition will give impetus to strengthening professional relations among rescuers from member countries of the International Sport Federation of Firefighters and Rescuers, the echange of eperience, and the development of fire and rescue sport.

Touching upon the upward development of multifaceted relations between Azerbaijan and Russia, the Minister noted that, within this framework, the relevant agencies of the two countries responsible for combating emergency situations successfully cooperate. Speaking about successful cooperation in improving the level of preparedness for emergencies, including professional personnel training, scientific and methodological cooperation, operational information echange and other areas, the Minister epressed his confidence that this visit will make a significant contribution to epanding relations.

In this sense, it was emphasized that the Joint Action Plan signed during the meeting is of great importance in terms of developing mutually beneficial relations and epanding the echange of eperience in various fields.

The Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Aleander Kurenkov, epressed his gratitude for the cordial meeting and noted that the World Championship in fire and rescue sport in Baku was organized at a high level.

Kurenkov epressed his satisfaction with the current level of relations between the two ministries within the framework of close cooperation and mutual trust between Azerbaijan and Russia, and epressed his confidence that the negotiations and echange of views held during the visit, as well as the signed Joint Action Plan, will give additional impetus to the epansion of cooperation and the implementation of new joint initiatives.

A broad echange of views was held on issues of mutual interest during the meeting.

Then, the “Joint Action Plan for 2027-2029 between the Ministry of Emergency Situations of the Republic of Azerbaijan and the Ministry of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters” was signed. The document was signed by the Minister of Emergency Situations of the Republic of Azerbaijan, Colonel General Kamaladdin Heydarov, and the Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Colonel General Aleander Kurenkov.

Director-General of ICESCO congratulates President Ilham Aliyev on Victory Day

Salim bin Mohammed AlMalik, Director-General of ICESCO, sent a congratulatory letter to President Ilham Aliyev on the occasion of Azerbaijan’s Victory Day, held on 8 November.

The letter reads:

His Ecellency Mr. Ilham Aliyev, President of the Republic of Azerbaijan

Ecellency,

On the occasion of Victory Day, celebrated on 8 November, I have the honor to etend my warmest congratulations to Your Ecellency and to the people of the Republic of Azerbaijan, together with my sincere wishes for the continued peace, prosperity and well-being.

This important national occasion reflects the resilience, unity and determination of the Azerbaijani people, while embodying the profound value of peace and the aspirations of future generations for stability, security and a prosperous future. May the spirit of this day continue to inspire further achievements for Azerbaijan and its people.

It was a great pleasure to participate in the 7th World Forum on Intercultural Dialogue in Baku, a distinguished international platform that continues to foster mutual understanding and build bridges among cultures and civilizations. The opportunity to be received by Your Ecellency was a particular honor, allowing for a valuable echange of views on our shared priorities and the further strengthening of cooperation between ICESCO and the Republic of Azerbaijan.

The warm and constructive relationship between ICESCO and the Republic of Azerbaijan remains highly valued, as reflected in our ongoing cooperation in promoting educational opportunities, safeguarding cultural heritage and fostering dialogue among peoples and civilizations. I am confident that this partnership will continue to grow in depth and impact, opening new avenues for joint initiatives that serve our Member States and contribute to a more peaceful and harmonious world.

Please accept, Ecellency, the assurances of my highest consideration and my sincere wishes for the continued peace, prosperity and well-being of the friendly people of the Republic of Azerbaijan.

Azerbaijan, Jordan discuss new flights and simplified visa procedures to boost tourism

Azerbaijan and Jordan have discussed expanding air connectivity, simplifying visa procedures and strengthening bilateral tourism cooperation, according to Azerbaijan’s State Tourism Agency.

The discussions took place during a visit to Amman, where the Azerbaijan Tourism Board (ATB), operating under the State Tourism Agency, organised the “Experience Azerbaijan B2B Networking Event” on November 2.

The event brought together 66 tourism industry representatives from 48 companies, aiming to promote Azerbaijan as a travel destination and strengthen business relations between tourism companies in the two countries.

Florian Sengstschmid, Chairman of the Azerbaijan Tourism Board, and Shahin Abdullayev, Azerbaijan’s Ambassador to Jordan, attended the gathering.

During the event, participants were introduced to Azerbaijan’s year-round tourism opportunities, including destinations such as Baku, Gabala, Guba, Gusar and Sheki.

Presentations highlighted the country’s potential for family holidays, luxury tourism, nature and adventure travel, winter recreation, cultural tourism, gastronomy, wellness and halal-friendly tourism services.

Business-to-business meetings were also organised between representatives of three Azerbaijani companies, including Azerbaijan Airlines (AZAL), and tourism industry representatives from Jordan.

The meetings focused on identifying potential areas of cooperation, establishing direct business contacts and exploring new commercial opportunities in the tourism sector.

As part of the visit, Sengstschmid held a separate meeting with Ramzi Al-Maaytah, Chief Executive Officer of the Jordan Tourism Board.

The two officials discussed existing air services between Azerbaijan and Jordan, opportunities to simplify visa procedures and the possibility of establishing additional flight connections.

Currently, air connectivity between the two countries is supported primarily by weekly charter flights operated by AZAL and Fly Jordan, particularly during the summer tourism season.

Istanbul hosts 6th Korkut Ata Turkic World Film Festival [PHOTOS]

The opening ceremony of the 6th Korkut Ata Turkic World Film Festival has been held in Istanbul, Trkiye, bringing together filmmakers, cultural officials and representatives of the film industry from across the Turkic world.

The ceremony was attended by TURKSOY Secretary-General Sultan Raev, representatives of the culture ministries of Turkic states, film producers, members of the cinema community and media representatives.

Speakers at the opening ceremony highlighted how the shared history and spiritual heritage of Turkic nations are also reflected in cinema. The festival’s main programme was announced, and members of the international jury were introduced.

The ceremony concluded with a screening of Aytmatov, a film by Kyrgyz director Kanybek Kalmatov.

Running until November 7, the festival features several Azerbaijani productions in its competition programme. These include Taghiyev: The School in the feature film category, Azykh Cave in the documentary category and May You Live as Long as the Land in the short fiction film category.

In addition, two Azerbaijani films will be screened outside the competition programme: the feature film In a Southern City and the documentary 100 Years of the Baku Turkological Congress.

A total of 56 films from 10 countries and 10 autonomous republics will be presented during the festival. The event is expected to welcome 150 international guests and 300 local film industry professionals.

Azerbaijan is represented by a 20-member delegation comprising filmmakers and representatives of the Cinema Agency operating under the Ministry of Culture.

Established in 2021 by Trkiye’s Ministry of Culture and Tourism, the festival aims to showcase the shared cultural heritage of Turkic-speaking countries and peoples to international audiences through cinema.

Iran sees new strategic threat in Trump’s South Caucasus project

On November 2nd, Armenia’s prime minister, Nikol Pashinyan, told parliament that his government would soon start commissioning designs for the railway, highway and power lines of the Trump Route for International Peace and Prosperity, or TRIPP. Parliament had voted on the ratification days earlier. Deputy prime minister Mher Grigoryan went further: delimitation of the border in Syunik, the southern province the route will cross, might be carried out in an “etraordinary” fashion, ahead of the eisting schedule, so that the infrastructure can proceed. Pashinyan’s own framing was characteristically grand. We all recognize the project’s effectiveness in ending a blockade that has lasted over 30 years.

But one neighbour was not celebrating the idea, as always. The ambassador of Iran in Yerevan, Khalil Shirgolami, said to the press that Tehran recognizes the sovereignty of Armenia but epects above all that there should not be any foreign military forces stationed on the Armenian-Iranian border, nor any threat of Iran coming out of it. Armenian authorities have assured him. However, Tehran seems to need more than assurances.

The shortest border, with the longest worry

The Armenia-Iran border spans just 44km, following the Aras River in the Syunik region. The border is the shortest land border of Iran, and as described by its strategists, is its lifeline to the north – the only direct passage to the South Caucasus, Russia, and further on to Europe. The goods pass across the border checkpoint of Agarak and Norduz, and there have been improvements made in their bridge capacities. Armenia and Iran traded approimately $104.8 million worth of goods in the first two months of 2026, an increase of 6% from the previous year.

It is clear for Tehran that this is more than an issue with lines in maps. TRIPP is a highway and railway that is going to pass close to the Iranian border and will be run by Americans in great numbers; the ambassador has cited plans according to which American companies are to have 74 percent share in management of the corridor. For Iranian strategists, this situation is nothing less than encirclement, despite all assurances of its non-military nature. It is all made worse by the war; the United States and Israel have launched attacks on Iran since February, and Mr Shirgolami has cited them while elaborating his point of view. Well in that point of view, it could easily be said that, perhaps, as tensions around the Strait of Hormuz continue, Iran views the South Caucasus as the net chokepoint.

This ambition appears to be more limited than obstruction. Iran is not interested in obstructing the route but in shaping it. He mentioned that technical details are being discussed and that the central issue is the modalities that can ensure that TRIPP is implemented in such a way that guarantees Armenian sovereignty, does not allow for any corridor outside Armenia, and ecludes the use of foreign military. He even proposed a special format of negotiations with Yerevan that will make it possible to settle any dispute quickly. In September, he indicated that the best option to address US concerns was an institutional mechanism. According to President Masoud Pezeshkian, who reportedly spoke to Pashinyan in July, “etra-regional powers” should not meddle in Armenian-Iranian affairs.

The tone has varied. A hardline adviser to the Supreme Leader, Ali Akbar Velayati, said last year that the route would become a “graveyard” for Trump’s “mercenaries”. The ambassador’s language is gentler, but the aim is the same: to etract, from Armenia, binding rules that outlast political promises. That is a sensible negotiating position. Iran cannot veto the project, and it cannot afford to alienate a government with a fresh electoral mandate. Its leverage lies in being the neighbour Armenia cannot ignore.

Lines and contest of the maps

Where Tehran’s concerns seem to cross into overreach is on delimitation. As presented by Baku in Azerbaijani commentary, the reason delimiting the Armenian-Azerbaijani border is of no consequence for the Armenian-Iranian border. Delimitation is a legal eercise and an effort to delineate a pre-eisting boundary between two states. The sequence of actions follows a north-south line and comes to a stop at the point of connection between the Armenian-Azerbaijani and Iranian borders. It involves no changes to land ownership and poses no threat to anyone. On the contrary, the eercise helps reduce uncertainty for all parties involved.

This eplanation is valid, as far as it goes; however, it does not resolve the political concern raised by Mher Grigoryan. Linking the delimitation with the construction of TRIPP and increasing the pace at which it is conducted imbues this process with new political dimensions. First of all, the pipeline goes through the border area and, therefore, the regulatory mechanism behind it, including security measures, becomes important for many years to come. Baku can insist on the irrationality of the fear of delimitation by Tehran and still recognize the need to address the project net to it.

Every party has a reason to be wary. For Azerbaijan and Trkiye, it is the constant connection between the mainland and Nakhchivan, and through Anatolia. For Armenia, it is the chance to leave the isolation zone and receive additional routes for trade and transportation. For the US, it is the possibility of having a strong influence in the region it has long neglected. For Iran, its role as a transit gateway to the south in the region and its Aras corridor, which would also connect Azerbaijan with Nakhchivan, would become weaker.

Whether TRIPP brings peace or ignites fire in the South Caucasus depends on how these interests can be reconciled. But the way to achieve this is clear: adopt the rules for implementation of the project, make it impossible for foreign countries to deploy their military forces within the region by writing it down in the documents of the project, and establish the permanent consultation channel between Armenia and Iran that Tehran asks for. It is not a costly option; however, viewing Yerevan as a sort of tributary state or third-degree country will not resolve anything, as this aniety persists. The alternative, a road built over an ally’s objections, in a region where a larger war is already burning, costs a good deal more.

Aghdam’s industrial revival looks promising for Azerbaijan’s non-oil economy

The expansion of manufacturing in the Aghdam Industrial Park illustrates how investment in liberated territories can support employment, strengthen domestic production and introduce Azerbaijani goods to international markets. The production of specialist safety footwear and polyurethane boots links the rebuilding of Karabakh with the country’s ambition to develop a competitive non-oil economy.

The enterprise operating across 2.5 hectares in the industrial park manufactures protective footwear for industrial and working environments. Its products serve the domestic market and reach customers abroad, giving the facility a role in export development. Supplying these sectors creates opportunities for local industrial capabilities, skilled employment and stronger links between manufacturers and business customers.

The company’s disclosed export activity points to a growing international reach. In Kazakhstan, it has signed agreements with three companies and completed deliveries at different times. Further orders from the Central Asian market are under consideration, creating scope for deeper commercial relations. In Albania, an agreement with a local distributor envisages an initial shipment of 1,200 pairs of products, including natural-leather safety shoes with polyurethane soles and polyurethane boots. The order covers footwear in O4 and S5 safety classes and is ready for export.

The Canadian market adds another significant dimension. A Canadian company has ordered more than 3,500 pairs of polyurethane boots, with shipment planned for the following month. Italy represents a further European opportunity: negotiations on a cooperation agreement are continuing, initial orders have arrived, and the planned November shipment covers 1,200 pairs of polyurethane boots under the Made in Azerbaijan label. Interest from the United Arab Emirates and Jordan also creates prospects for additional market development.

The three quantified orders for Albania, Canada and Italy together account for more than 5,900 pairs. This figure provides a useful snapshot of the scale of the announced business pipeline, while Kazakhstan’s deliveries and potential new orders add another established export channel. Interest from the Gulf and the Middle East broadens the potential geography further.

For Azerbaijan, the significance of such projects extends beyond individual sales contracts. A manufacturer based in Aghdam contributes to the revival of economic activity across liberated territories and demonstrates how industrial infrastructure can support the next stage of regional development. Every operating facility creates demand for workers, transport, maintenance, packaging, utilities, suppliers and business services. As production expands, these connections can generate employment across a wider local economic network, supporting household incomes and strengthening the commercial life of surrounding communities.

The employment effect extends beyond the factory floor. Production requires operators, technicians, quality specialists, warehouse staff and managers, while shipments create work for drivers, freight forwarders and customs services. Training workers for these roles can build skills and support career paths. As suppliers and service providers respond to the factory’s needs, an industrial investment can stimulate economic activity across the region.

Industrial parks can bring together land, infrastructure, utilities and investor support in a planned environment, helping businesses establish operations and build supply relationships. In Aghdam, this model is particularly important because manufacturing can complement reconstruction in housing, roads, public services and agriculture. New jobs give residents opportunities to participate directly in the region’s economic recovery, while demand for local services can encourage further entrepreneurship.

Export growth also adds value to the national diversification agenda. International orders help manufacturers test their products against demanding customer requirements, improve production processes and build commercial credibility. The Made in Azerbaijan label gives overseas buyers a clear national identity for locally manufactured goods. Success in specialised footwear can also encourage the development of related activities, including materials processing, moulding, design, quality control, logistics and technical services.

The next stage of this progress will depend on production capacity, consistent quality, certification, competitive pricing and reliable delivery. The announced orders already provide a concrete indication of international demand and a foundation for future expansion.

Aghdam’s emerging manufacturing base shows how regional reconstruction and export-oriented industrialisation can reinforce one another. By turning investment into production, jobs and overseas sales, Azerbaijan can broaden the foundations of economic growth and strengthen the role of liberated territories in its national development. The journey from a 2.5-hectare industrial site to customers across several regions captures an important ambition: building a diversified economy whose products carry Azerbaijani value into global markets.

Azerbaijan-Trkiye brotherhood celebrated at handicrafts ehibition in Bursa [PHOTOS]

An ehibition of handmade crafts titled ‘From Khari Bulbul to Tulip: Bonds of Brotherhood’ has opened in Bursa, Trkiye.

The ehibition is dedicated to Azerbaijan’s Victory in the Karabakh War and November 8 – Victory Day. Its main aim is to showcase the shared cultural heritage of the two brotherly nations, highlight women’s creativity in traditional handicrafts and promote national artistic traditions, while further strengthening Azerbaijani-Turkish friendship and solidarity through culture.

The ehibition was organized on the initiative of the Bursa-Azerbaijan Innovation and Solidarity Association (BAIDD), with the support of Bursa Metropolitan Municipality, the Bursa City Council and the Federation of Turkish-Azerbaijani Associations (TADEF).

Artists Ramila Ozden and Amina Yilmaz made particularly significant creative and artistic contributions to the ehibition.

The displayed works reflect the rich cultural heritage of Azerbaijan and Anatolia, featuring traditional national ornaments, intricate patterns and artistic elements that highlight the deep cultural and spiritual bonds between the two peoples.

The opening ceremony continued with an artistic programme.

The ehibition will remain open to visitors until November 8, Victory Day.