Economy

Check Your Receipt: Azerbaijanis Lose 500 Million Manats on Purchases

AZE.US Consumers in Azerbaijan may be losing an estimated 500 million manats each year by paying for products they never purchased or being charged more...

Baku Rental Prices Set for Another Increase

AZE.US Rental prices in Baku are expected to rise again from the second half of August as students return to the capital and demand for...

Azerbaijani Farmers Are Selling Tomatoes at a Loss

AZE.US Azerbaijani tomato growers are increasingly being forced to sell their produce at a loss as prices fall in Russia, transportation costs rise and greenhouse...

Car Prices Drop by Up to 5,000 Manats, but Buyers Stay Away

AZE.US Car sales in Baku have slowed sharply despite a large number of vehicles being offered on the market. Sellers at the Azerbaijan capital’s car markets...

Where Can Borrowers Turn When Banks Refuse a Loan?

AZE.US People in Azerbaijan who cannot obtain a bank loan because of high debt levels or insufficient income are increasingly turning to non-bank credit organizations....

Baku Summer House Season: Villa Rents Surge

AZE.US Demand for summer houses and villas in and around Baku has risen sharply, pushing monthly rents for premium properties near the Caspian Sea as...

Why Falling Bank Profits Will Not Make Loans Cheaper

AZE.US Several Azerbaijani banks reported weaker financial results in the first half of 2026, including lower profits, declining revenues and shrinking deposit portfolios. However, economists...

“Azerbaijani Tea” Turns Out to Be Imported

AZE.US Much of the tea sold in Azerbaijan under local brand names is produced from imported leaves rather than domestically grown crops, economist and REAL...

Baku Apartment Prices Reach 4,000 Manats Per Square Meter

AZE.US Apartment prices in Baku continue to rise despite a roughly 17% increase in the number of properties listed for sale compared with previous years. As...

Baku Couriers Complain About Fines and Lack of Parking

AZE.US Delivery couriers in Baku say the lack of short-term parking spaces is forcing them to choose between violating traffic rules and losing valuable time...

Vacation Abroad Can Cost Less Than a Trip Within Azerbaijan

AZE.US A two-day vacation in Azerbaijan’s regions can cost a couple between 300 and 500 manats ($176–$294), prompting some travelers to consider Turkey or Georgia...

Baku Apartment Rents Expected to Rise in August

AZE.US An influx of students ahead of the new academic year is expected to increase pressure on Baku’s rental market, pushing prices higher, particularly in...

Azerbaijan Proposes Digital Passports for Vehicles

AZE.US Azerbaijan is considering the introduction of digital passports for vehicles, creating a centralized record of each car’s repair history, accidents and previous ownership. As AZE.US...

What to Do If a Bank Demands Payment of a Relative’s Loan

AZE.US Banks and credit organizations in Azerbaijan should stop contacting a borrower’s relatives if those individuals have clearly asked not to be called again, according...

Apartment Smaller Than Promised? Buyers Can Claim Compensation for Missing Space

AZE.US Apartment buyers in Azerbaijan may seek compensation from a developer if the property’s actual usable area is smaller than the size specified in the...

Transit Could Generate Up to 7 Billion Manats a Year for Azerbaijan

AZE.US Azerbaijan could more than double its annual revenue from international freight transportation to nearly 7 billion manats ($4.12 billion) as it expands its ports...

Lamb Meat in Azerbaijan Sells for 20 to 26 Manats per Kilogram

AZE.US Lamb prices in Azerbaijan now range from 20 to 26 manats ($11.80 to $15.30) per kilogram, with noticeable differences sometimes found even at the...

Azerbaijan to Register Freelancers for Tax Purposes

AZE.US Azerbaijan has established new tax rules for freelancers and digital nomads earning income from foreign sources. The changes are included in amendments to the Tax...

Temu Goods Could Become More Expensive for Buyers in Azerbaijan

AZE.US Azerbaijan’s competition regulator has opened a case against PDD Holdings, the parent company of online marketplace Temu, over concerns that its pricing practices may...

Who Is Selling Off Baku’s Nizami Street?

By AZE.US Editorial Team Baku’s famous Nizami Street, known to generations of residents simply as Torgovaya, is gradually being transformed from the capital’s main pedestrian...

Azerbaijan Prepares Crowdfunding Law to Expand Business Financing

AZE.US Azerbaijan is preparing legislation to regulate crowdfunding, creating a new financing channel for startups and small businesses that may struggle to secure bank loans...

Fish Prices May Rise Again in Azerbaijan

AZE.US Fish prices in Azerbaijan could increase again as the government prepares tighter controls over the fishing industry, including a new electronic tracking system for...

Azerbaijan Sets Mandatory Parking Minimums: What Drivers Need to Know

AZE.US Azerbaijan has approved mandatory minimum parking requirements for apartment buildings, offices, restaurants, hospitals, schools, shopping facilities and other developments. The new rules were adopted by...

The Building Had 10 Floors, but She Was Sold an Apartment on the 11th

AZE.US A woman in Baku says she paid 80,000 manats, about $47,000, for an apartment on the 11th floor of a residential building that was...

Money on Gift Cards Cannot Be Erased After Expiration, Azerbaijani Judge Says

AZE.US Retailers in Azerbaijan cannot simply erase the remaining balance on a gift card after its stated expiration date, according to a legal opinion issued...

Watermelon and Melon Prices Rise Sharply in Azerbaijan

AZE.US Prices for watermelons and melons have risen noticeably across Azerbaijan, surprising shoppers during the peak of the summer season. Melons are currently selling for 1.50...

Rental Ad Excluding Veterans and Ganja Residents Sparks Outrage in Azerbaijan

AZE.US A rental listing in Azerbaijan has triggered public anger after the property owner openly stated that the apartment would not be rented to wounded...

An Ice Cream Ad Became Azerbaijan’s Biggest Culture War

By AZE.US Editorial Team An ice cream commercial has become one of Azerbaijan's hottest political and cultural debates. Not inflation. Not housing prices. Not corruption allegations. Not social inequality. Ice...

Credit Rates in Azerbaijan’s Regions Rise Above 20%

AZE.US Thousands of people in Azerbaijan turn to bank loans to buy homes, launch businesses, pay for education or cover other major expenses. Yet for...

No Decline in Apartment Prices Expected in Azerbaijan for Now

AZE.US A noticeable decline in apartment prices is not expected in Azerbaijan in the near future, even as sellers report difficulty finding buyers and many...

Up to 1,200 Manats a Day: What It Costs to Rent a Summer House Near Baku in July

AZE.US At the beginning of June, daily summer house rentals in Azerbaijan started at around 40 to 50 manats ($24 to $29), while the most...

Service Charges at Baku Restaurants Rise to 30%

AZE.US Some restaurants in Baku are adding service and entertainment fees of up to 30% to customers’ bills, according to a local television report. In addition...

Azerigaz’s AZN 26,000 Claim Against Customer Cut to AZN 1,660 by Court

AZE.US A court in Baku reduced a claim by Azerbaijan’s state gas distributor, Azerigaz, from more than AZN 26,000 ($15,294) to AZN 1,659.80 ($976), according...

Three Hectares Of Land In Azerbaijan Offered For 162 Manats

AZE.US A three-hectare municipal land plot in Azerbaijan has been offered for long-term lease with a starting price of just 162 manats ($95). The property, located...

Azerbaijan Introduces New E-Scooter Rules and Fines

AZE.US Azerbaijan has introduced new requirements for electric scooter users, including fines for underage riding, intoxicated operation, traffic violations and improper parking. The measures come amid...

ABB Customers Report Mass Card Charges After Technical Glitch

AZE.US Customers of Azerbaijan’s ABB bank have reported unexpected withdrawals from their payment cards, with some accounts allegedly falling into negative balances. According to Ölkə.az, several...

Azerbaijan Moves to Prevent One Apartment From Being Sold to Multiple Buyers

AZE.US Azerbaijan plans to introduce a new legal mechanism designed to prevent the same apartment from being sold to several buyers. The proposal was outlined by...

Social Media Fundraisers May Owe Tax on Donations, Lawyer Says

AZE.US People in Azerbaijan who share their bank card details on social media to collect financial assistance may be required to explain the source of...

Mortgage Borrowers Can Register At Their Homes Before Loan Is Repaid

AZE.US Homebuyers in Azerbaijan do not need to repay their mortgage in full before registering themselves or their family members at the property, according to...

Summer Is In Full Swing, But Fruit Prices Remain High

AZE.US Despite the peak summer season, prices for many fruits in Azerbaijan remain high, while vegetables are selling at more affordable rates. According to Vesti Baku,...

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