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    Azerbaijan, Germany identify growth potential in banking collaboration

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    By Sadig Javadov

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    Azerbaijan, Germany identify growth potential in banking collaboration

    BAKU, Azerbaijan, October 8.​ Azerbaijan and
    Germany discussed ways to strengthen cooperation in the financial
    sector, Trend
    reports via the Ministry of Finance.

    The meeting took place under the organization of the
    German-Azerbaijan Chamber of Foreign Trade on October 8 and brought
    together representatives of German financial institutions and
    business circles visiting Azerbaijan.

    Deputy Minister of Finance of Azerbaijan Anar Karimov
    highlighted opportunities to expand collaboration, including German
    financial institutions’ participation in local projects, experience
    sharing in public debt management, and matters related to
    public-private partnership (PPP) mechanisms.

    He also briefed the guests on measures ensuring sustainable
    economic growth, macroeconomic stability, and fiscal discipline in
    Azerbaijan, noting that the country’s economy maintains positive
    growth dynamics, with steady expansion of the non-oil sector,
    achievements in public debt management, and robust foreign exchange
    reserves supporting financial resilience. Significant progress has
    been made in agriculture, information technology, manufacturing,
    logistics, and green energy.

    The deputy minister shared that, taking these results into
    account, a Public Debt Management Strategy covering 2026-2030 is
    being prepared, aimed at creating new borrowing opportunities to
    fund priority projects and support long-term development goals.

    German participants praised Azerbaijan’s favorable business and
    investment environment, emphasizing that economic stability and
    successful implementation of strategic projects provide long-term
    partnership prospects for German businesses.

    The meeting concluded with an exchange of views on issues of
    mutual interest.

    The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) is
    the official representative of the German economy in Azerbaijan,
    providing support and services to German and Azerbaijani companies
    for market entry, business development, and bilateral economic
    relations since 2012. It offers a wide range of services, including
    market analysis, partner acquisition, and event organization, and
    is part of the global network of German Chambers of Commerce Abroad

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