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2 clusters · 6 sources · 19 days · First seen · Last updated

Categories: BUSINESS

Azerbaijan fiscal performance 2026

Entities: Manat · Azerbaijan · Sahil Babayev · Central Bank of Azerbaijan

Overview

In the first half of 2026 Azerbaijan’s “Tax Free” scheme returned 4.36 million manats to foreign visitors, marking a 10.8% decline from the previous year as tourist arrivals fell 15.8% and overall tourist spending dropped 22.9%. Domestic consumers, however, received more than 104 million manats in VAT refunds for retail, cultural, medical and hotel purchases.

Later in July, the Finance Ministry reported a 6.8% rise in non‑oil budget revenues to 10.981 billion manats for the January‑June period, now representing over half of total state receipts. The Central Bank kept the dollar‑manat parity unchanged, signalling stability in exchange rates despite the shifting revenue mix.

Timeline

  1. 2 days ago

    [BUSINESS] 5 sources
    Azerbaijan sees 6.8% rise in non‑oil budget revenues; currency rates unchanged July 2026

    In Jan‑Jun 2026 Azerbaijan's non‑oil revenues rose 6.8% to 10.981 bn manats, covering 57% of the budget; the manat's exchange rates remained steady on 27 July.

  2. 21 days ago

    [BUSINESS] 2 sources
    Azerbaijan refunds over 108 million manats in VAT, tourist refunds fall 11%

    Azerbaijan’s VAT refund programmes returned about 108 million manats in the first half‑year, with tourist refunds down 11% as visitor numbers and spending fell, while domestic consumer refunds topped 104 mil AZ

Sources

azerbaijan-news.az · banker.az · en.trend.az · eyyubiye63.com · jam-news.net · trend.az