The country has been actively recruiting foreign companies to build wind, solar and hydropower plants on the basis of public-private partnerships and has signed agreements to implement several large power projects.

The holding's total equity declined to 2.25 billion manats as of January 1, 2022 from 2.6 billion manats a year earlier. Revenue rose to 1.7 billion manats from 1.6 billion manats.

The country's budget envisages 6 percent economic growth this year and annual inflation at around 9 percent.

The bank reported a net profit of 139,592 million manats ($82 million) in 2021, 22 percent down from a year earlier.

In 2003 Kocharli opened her first bookstore on fountain square in downtown Baku. She christened her first store Ali & Nino after the popular classic Azerbaijani novel, about a romance between a Muslim Azerbaijani boy and Christian Georgian girl in Baku during the years 1918–1920.