Lenders reported a rise in total net profit of 47.3 percent year-on-year to 107.7 million manats ($63.4 million) in the first two months of the year.

Azerbaijan exports natural gas to Turkey and Europe through the Southern Gas Corridor and continues to make inroads into an energy market which until now has been dominated by Russia.

A storm in the Russian part of the Black Sea damaged the loading equipment of CPC, one of the world's largest oil pipelines that transports oil from Kazakhstan to world markets.

Investment in the construction of a solar plant with a capacity of 230 megawatts is estimated at $225-$240 million.

Uzbekistan signed agreements for millions of U.S. dollars in investments and trade agreements, including $330 million from the EBRD for the privatisation of banks and social infrastructure projects.

Georgia’s commercial banking sector reported a rise in net profit in amount of 303,305 million lari ($94,8 million) in the first two months of this year compared with 245,483 million lari in January-February 2021.