The Central Bank said that the operating profit of the banking sector rose by 14.2 percent year-on-year to 411.2 million manats in the first five months of 2021.

The agency said that the assignment of final rating is contingent on the company's successful local bond issue and refinancing,

Corruption in Ukraine is largely linked to oligarchs’ outsized influence – meaning, individuals who exert influence as essentially monopolists, extend control over the media, or deploy legions of lobbyists.

In this region, neighbouring Georgia is automatically associated with wine. Azerbaijan, by contrast, is rarely associated with viniculture, though its roots run deep.