Economy

Homes From 58,000 Manats Draw Investors Beyond Baku

By AZE.US Azerbaijan’s property investors are increasingly looking beyond the capital, drawn by lower purchase prices and the potential income from short-term rentals in the...

SUVs for 20,000 Manats: What Baku’s Used-Car Market Offers

By AZE.US A budget of 20,000 manats (about $11,765) gives buyers in Baku a choice between Korean and Japanese crossovers from the late 2000s and...

Bread Prices May Rise as Flour Gets More Expensive in Azerbaijan

By AZE.US The wholesale price of a 50-kilogram bag of flour in Azerbaijan has increased by between 0.20 manat ($0.12) and 1.10 manats ($0.65) since...

Food Eats Up Half of Household Budgets in Azerbaijan

By AZE.US Food remains the largest everyday expense for people in Azerbaijan, accounting for more than half of consumer spending, according to the latest figures...

Azerbaijan Faces Economic Crisis, Ilgar Mammadov Says

By AZE.US Azerbaijani politician Ilgar Mammadov has called on the head of parliament’s economic policy committee to explain the country’s slowing growth, rising prices and...

Changed Your Phone Number? Your Bank Accounts May Be at Risk

By AZE.US An unused mobile number in Azerbaijan can eventually be deactivated and sold to another subscriber. If the previous owner failed to remove that...

Up to 50% of Salary Can Be Garnished for Credit Debt in Azerbaijan

By AZE.US Azerbaijani borrowers who fail to repay a court-ordered credit debt may have up to 50% of their salary, pension or other qualifying income...

Number of Donkeys in Azerbaijan Declines

By AZE.US Azerbaijan’s donkey population fell to 10,300 at the beginning of 2026, continuing a decline that has reduced the total by more than 70%...

Ilham Aliyev Attends Opening of SABAH.city

By AZE.US Azerbaijani President Ilham Aliyev attended the opening of the first phase of SABAH.city, a new innovation campus established at the High Technologies Park...

Card Transfers Capped at 500 Manats: How Can Customers Pay Now?

By AZE.US New limits on card-to-card transfers and commissions charged through some payment terminals have raised concerns that customers in Azerbaijan could return to cash....

200,000 Manats Takes 21 Years to Recover: Is an Apartment Worth Buying?

By AZE.US Home sales in Azerbaijan are slowing, but prices continue to rise. Economist Natig Jafarli says limited investment alternatives and the unusual financing structure...

No Parking, No Customer: Baku Businesses Face Revenue Losses

By AZE.US A shortage of parking spaces in central Baku is becoming more than an inconvenience for drivers. Restaurants, cafes and stores may lose around 10,000...

Homes Were Built for Decades. Why Did the State Notice Only Now?

By AZE.US Azerbaijan is again debating the fate of an estimated 500,000 homes whose owners cannot obtain full property documents. Economist Natig Jafarli says the...

Car Prices Fall in Azerbaijan - What Will Change This Fall

By AZE.US Azerbaijan’s automobile market ended the summer with lower asking prices, but the decline may prove temporary. The median price of a vehicle listed...

Baku Homeowner Disputes Compensation After Developer Excludes Yard

By AZE.US A homeowner in Baku’s Nizami district has rejected compensation offered by a construction company, arguing that the calculation covers only the registered area...

Six of Eight Baku Stores Refuse m10 QR Payments

By AZE.US Shoppers in Baku say some retailers are refusing payments made through QR codes in the m10 application. A test conducted by Baku TV...

Azerbaijan Must Prepare for Declining Oil Revenues, Parvizi Says

By AZE.US Azerbaijan should begin preparing now for a future in which oil revenues play a smaller role in the economy, rather than waiting for...

Cash or a New Apartment? What Baku Homeowners Should Choose When Buildings Are Demolished

By AZE.US Baku homeowners whose properties are slated for demolition may gain more by accepting an apartment in the replacement building than by taking cash...

When Juice Isn’t Really Juice: What Azerbaijan’s Stores Are Selling

By AZE.US Store shelves across Azerbaijan are filled with fruit drinks carrying prominent claims such as “100% natural,” “sugar-free” and “no additives.” But nutrition experts...

Hazelnut Prices Fall to 3 Manats, Leaving Farmers Without Profit

By AZE.US A strong harvest has pushed farmgate prices down by more than half in Azerbaijan’s Oghuz district, with growers saying current rates barely cover...

Georgia and Armenia Pulled Ahead: Why Azerbaijan Is Falling Behind

By AZE.US Editorial Team Over the past decade, Azerbaijan’s economy expanded by just 14.5%. During the same period, Georgia recorded cumulative growth of 77.8%, Armenia 65.9%...

Azerbaijan to Issue Property Deeds in One Day Under New Rules

By AZE.US Azerbaijan is overhauling its property registration system, allowing deeds for homes on the secondary market to be issued within one business day and...

Why Imported Food Costs Up to Three Times More in Azerbaijan

By AZE.US Imported products on Azerbaijani store shelves often cost considerably more than comparable goods sold in Europe, with consumers reporting price differences of two...

Taxi Fares Rise in Azerbaijan as Bolt and Yango Explain Price Surges

By AZE.US Taxi passengers in Azerbaijan have recently reported paying noticeably more for the same routes, with fares sometimes changing within minutes. Bolt and Yango say...

Baku Rents Unlikely to Fall as Investors Target High-Demand Districts

By AZE.US Rental prices in Baku are expected to continue rising, with neighborhoods near the city center, universities and metro stations attracting the strongest investor...

New Customs Rules in Azerbaijan: What Travelers Must Declare

By AZE.US Azerbaijan is introducing new declaration procedures for individuals carrying goods across the country’s customs border, under amendments approved by the Cabinet of Ministers. Under...

Loan Taken Out in Your Name Without Your Knowledge? Who Has to Pay?

By AZE.US The rapid expansion of digital banking has made loans easier to obtain in Azerbaijan, but it has also created new opportunities for fraudsters. Criminals...

Azerbaijan Records $680 Million Net Inflow From Money Transfers

By AZE.US Azerbaijan recorded a positive money-transfer balance of $680 million during the first seven months of 2026, according to Central Bank official Elrad Seyidov. The...

Azerbaijan Oil Output Falls 103,000 Bpd Below OPEC+ Quota

By AZE.US Azerbaijan produced an average of 448,000 barrels of crude oil per day in August, leaving output 103,000 barrels below its OPEC+ quota, according...

Azerbaijan’s Passenger Car Imports Plunge Nearly 38%

By AZE.US Azerbaijan imported 36,169 passenger cars in the first seven months of 2026, a sharp decline of 37.7% from the same period last year,...

Car Prices in Azerbaijan Could Rise 5% This Fall

By AZE.US Car prices in Azerbaijan could increase by around 5% as demand returns to the market in the second half of September, according to...

Azerbaijan’s Rural Regions Are Emptying Out - Economist

By AZE.US Azerbaijan’s mountain and border districts are losing residents, and the trend could become irreversible unless the government urgently changes its regional economic policy,...

Azerbaijanis Offered Jobs in Eight Countries: How to Apply and Who Pays the Costs

By AZE.US Azerbaijan is helping citizens secure official employment in eight foreign countries under a government-backed program designed to protect job seekers from fraudulent recruiters...

A 100,000-Manat Apartment Can Cost 212,000: Why Housing Is Becoming Unaffordable

By AZE.US Apartment prices in Azerbaijan are rising faster than household incomes, making homeownership increasingly difficult even for people with stable jobs and access to...

Baku Port Plans 18-Month Dredging Project as Caspian Sea Levels Fall

By AZE.US The Port of Baku plans to begin dredging work in the Caspian Sea by the end of 2026 as a preventive response to...

Paying by Phone, Spending More: How the Digital Trap Works

By AZE.US Editorial Team Cashless payments are transforming everyday life in Azerbaijan, but the convenience of cards, mobile wallets, cashback offers and installment plans may...

Online Services in Azerbaijan May Become More Expensive Under New Tax Rules

By AZE.US New tax rules for foreign e-commerce platforms took effect in Azerbaijan on Sept. 1, 2026, requiring eligible companies to register with the country’s...

Cash Kept at Home Is Losing Value: Expert Explains Why

By AZE.US Keeping large amounts of cash at home carries two major risks: the money earns no interest and gradually loses purchasing power because of...

Fish Sells for 100 Manats per Kilogram in Baku as Prices Rise

By AZE.US Fish prices are rising in Baku as cooler weather boosts demand, with premium varieties now selling for as much as 100 manats ($59)...

Why Banks Reject Loan Applications: The Hidden Condition Borrowers Overlook

AZE.US The number of people applying for loans in Azerbaijan is growing, but not every application is approved. One of the most important factors is...

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