PASHA Bank, a leading corporate bank in Azerbaijan, reported a net profit of 18.79 million manats ($11 million) in the first quarter of 2021, which is 5.4 times more compared to the same period in 2020.

Uzbekistan is taking steps to develop its capital market and increase the total volume of securities in free circulation to at least 5 percent of the country's GDP, as a part of its plan to reform its economy.

Azerbaijan's Energy Ministry and International Finance Corporation (IFC) signed a memorandum of understanding on cooperation in the use of offshore wind energy resources in order to develop the renewable energy sector in Azerbaijan.

Turkmenistan’s leader, veering from a long-standing policy of discouraging international investments, says his country needs capital inflows to realise its oil and gas potential.

Moody's took rating actions on five banks in Azerbaijan, affirming their short-term ratings and assessments.