The government is diversifying the economy around non-oil growth, renewables, Karabakh reconstruction and Europe-Asia transport corridors, and approved a Digital Economy Development Strategy 2026-2029 in Dec 2025. Trade with Georgia rose 42% in Jan-Sep 2026 to nearly USD 1bn.
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Government · leader
President Ilham Aliyev (head of state) / Prime Minister Ali Asadov
Key national agenda
- Non-oil growth and economic diversification
- More renewables and a green energy corridor to Europe
- Rebuilding Karabakh and other liberated territories (green energy zones, smart cities and villages)
- Becoming a transport and logistics hub on corridors such as the Middle Corridor
- Implementing the Digital Economy Development Strategy 2026-2029
Government programmes
Digital Economy Development Strategy 2026-2029
Strategy to speed up the tech sector, innovation and digital transformation, approved Dec 2025
State programme for return to the liberated territories (Karabakh)
Development with green energy zones, modern infrastructure and smart city/village concepts; the 2025 monitoring report was reviewed by the Economic Council in Jan 2026
Socio-economic development strategy 2022-2026
Reviewed with the 2026 action plan at the Jan 2026 Economic Council
Azerbaijan-Georgia 'Silk Way' joint border checkpoint
Operating protocol signed 30 Oct 2026, with two plant quarantine and veterinary MoUs
Green energy corridor to Europe
Described at the commission as recently launched with Georgia (single source)
Business opportunities
Smart city and smart village solutions for Karabakh
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Digital government and industrial digitalisation
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Open this week
Digital border and customs logistics
Trade with Georgia is surging and a new joint checkpoint is starting operation.
State Customs Committee
Renewable equipment and storage supply
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Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
Korean support schemes
- Export Voucher · KOSME / KOTRA — A general scheme for overseas marketing, certification and trade fairs; no Azerbaijan-specific programme was confirmed in this review.
Official notices
Cabinet of Ministers of the Republic of Azerbaijan
- 2026-11-04 PM Asadov met the delegation to the World Fire and Rescue Sports Championships
- 2026-10-30 11th Azerbaijan-Georgia economic commission in Signagi; checkpoint protocol signed
- 2026-10-30 One-on-one meeting with the Georgian PM
- 2026-06-16 Attended the Tashkent International Investment Forum
Disaster · conflict · epidemic
Stable 2026-11-07
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Earth & space
Credit rating · FX
Unverified · K-SURE Unverified · AZN 0.0%
Sanctions
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No country-level UN, US, EU, UK or Korean sanctions programme was found.
Sources
- Cabinet of Ministers of Azerbaijan
- APA - Azerbaijani PM arrives in Georgia (2026-10-29)
- CIA World Leaders - Azerbaijan (Aug 2026)
- Report.az - PM: Azerbaijan implementing major initiatives to diversify economy
- Georgia Today - Azerbaijani PM visit (2026-10)
- Central Bank of Azerbaijan - Official rates 06.11.2026
