Economy

The figure is 14.1% higher than a year earlier, reflecting an increase of roughly 102 million manats. The rise was driven mainly by consumer and business loans.

Azerbaijan’s used car market is ending 2025 on a quiet note, but dealers expect prices and demand to rise in 2026. Higher import costs and growing buyer interest are seen as key drivers.

Declining manat velocity and rising dollar demand have revived questions about currency risks. Lawmaker Vugar Bayramov says the Central Bank’s policy stance will remain the decisive factor shaping the manat’s exchange rate in 2026.

Rising food prices ahead of the holiday season have increased the cost of festive tables for families across Azerbaijan, with meat, sweets, and basic groceries seeing notable hikes.

The real cost of ownership may only become clear after the excitement wears off.

Wholesale flour prices in Azerbaijan have risen for the first time in a year, raising concerns over whether bread - a socially sensitive staple - could become more expensive. Economists warn the risk is increasing, even if price hikes are not immediate.

With New Year approaching, Azerbaijan’s car market is already reacting to the imminent expiration of import incentives for hybrid vehicles. Dealers warn that prices have begun rising and further increases are expected from January 2026.