Economy

Azerbaijan Economist Proposes 100-Manat Monthly Payments for Second Children

By AZE.US Azerbaijan should gradually introduce monthly child benefits, beginning with payments to families raising a second child, economist and REAL Party Chairman Natig Jafarli...

Baku Braces for New Traffic Jams as Authorities Consider Flexible Work Schedules

By AZE.US Baku is preparing for heavier traffic as the start of the new school year is expected to increase pressure on the capital’s roads...

“Save Baku”: Prominent Architects Appeal to Aliyev Over Unauthorized Building Alterations

By AZE.US A group of prominent Azerbaijani architects has prepared an appeal to President Ilham Aliyev, calling for stronger protections for the architectural appearance of...

Beef Prices Rise Again in Azerbaijan, Reaching 19 Manats per Kilogram

By AZE.US Beef prices have increased again in Azerbaijan, with consumers now paying around 18-19 manats ($10.59-$11.18) per kilogram, depending on the market and cut. Shoppers...

Azerbaijan Weighs Raising Veteran Payments to 100 Manats, but No Decision Yet

By AZE.US Azerbaijan is again discussing a possible increase in social payments to war veterans and people with war-related disabilities. More than 183,000 veterans currently receive...

Apartments in Baku Become Less Affordable as Installment Terms Shrink to Two Years

By AZE.US Buying an apartment in a newly built residential complex in Baku is becoming increasingly difficult as prices rise and developers tighten their in-house...

Baku Rents Rise 20% as Cheap Apartments Disappear

By AZE.US Baku’s rental market is facing more than its usual back-to-school surge. Affordable apartments are being removed from circulation by demolition and redevelopment projects,...

Car Prices Are Not Falling: What Is Happening in Azerbaijan’s Auto Market

By AZE.US Car prices in Azerbaijan have remained broadly stable despite an apparent decline in the market’s median price. At the same time, the country...

Fruit and Vegetable Prices Rise at Baku Markets

By AZE.US Prices for seasonal fruit and vegetables are changing across Baku’s markets as summer produce begins to disappear from stalls. Vendors warn that some...

Gold Prices Fall in Azerbaijan: How Much Does a Gram Cost Now?

By AZE.US Gold prices in Azerbaijan have declined again following a sharp increase, with the difference in the price of one gram reaching approximately 14...

Turkish Exports to Azerbaijan Total 2.62 Billion Manats

AZE.US Turkey exported goods worth approximately 2.62 billion manats ($1.54 billion) to Azerbaijan during the first eight months of 2026. Although total shipments declined slightly, Azerbaijani...

Baku Faces Major Traffic Jams as TV Host Slams Timing of Road Repairs

By AZE.US The complete closure of a road section leading from Moscow Avenue toward Bilajari has drawn sharp criticism from an Azerbaijani television host, who...

Without Open Borders, Foreign Currency Will Not Flow Into Azerbaijan, Economist Says

By AZE.US Azerbaijan’s decision to abolish criminal penalties for failing to repatriate foreign currency earnings is a positive but insufficient step, economist Natig Jafarli said,...

Lending Money for Interest in Azerbaijan? Put It in Writing

By AZE.US People in Azerbaijan who lend money for interest are being advised to document the transaction carefully, as the absence of a written agreement...

Azerbaijan Simplifies Customs Procedures for Imported Vehicles

By AZE.US Azerbaijan has introduced simplified customs control and clearance procedures for vehicles and other goods entering or leaving the country. The amendments to the Customs...

Work Fewer Hours and Receive Full Pay: Who Qualifies in Azerbaijan

By AZE.US Azerbaijan’s labor legislation allows certain employees to work fewer than the standard 40 hours per week without having their salaries reduced. However, this legally...

Demand for Weddings Falls in Azerbaijan as Restaurants Cut Prices

By AZE.US Wedding venues in Azerbaijan are lowering menu prices as demand for traditional celebrations declines, but industry representatives say the discounts have done little...

Baku Traffic Jams Worsen Before Schools Reopen

By AZE.US Traffic congestion is already intensifying across Baku even though classes at schools and universities have not yet begun. With the new academic year...

Legalizing 500,000 Undocumented Homes Could Lower Housing Prices in Azerbaijan

By AZE.US Legalizing nearly 500,000 undocumented homes and apartments in Azerbaijan could sharply increase housing supply, generate hundreds of millions of manats for the state...

Chinese Cars Flood Azerbaijan’s Market, Buyers Risk Being Left Without Warranty

By AZE.US The rapid growth of unofficial vehicle imports from China is reshaping Azerbaijan’s car market. The vehicles are often offered below official dealership prices,...

No More Jail for Unreturned Foreign Currency: What Changes in 2027

By AZE.US Azerbaijan has decriminalized the failure to return foreign currency proceeds earned through overseas trade. Beginning January 1, 2027, business executives will no longer face...

ING Sees Azerbaijan’s Economy Growing 1.9% in 2026

By AZE.US Dutch banking group ING expects Azerbaijan’s economy to expand by 1.9% in 2026, slightly lowering its previous forecast as weak oil and gas...

Azerbaijan’s Private Sector Now Employs More People Than the State

AZE.US Azerbaijan is continuing programs aimed at creating jobs and expanding employment opportunities, with the private sector increasingly becoming the country’s largest source of formal...

Azerbaijan Requires Import Values to Be Declared in Manats

AZE.US Azerbaijan has introduced a requirement that the customs value of imported goods be declared in the national currency, the manat. The amendment to the Customs...

New Index Could Warn Azerbaijan of Food Inflation Six Weeks Early

AZE.US A new indicator developed by Central Bank of Azerbaijan researchers could identify rising food-price pressure as much as six to seven weeks before it...

Tourist Spending in Azerbaijan Falls 18% as Arrivals Decline

AZE.US Foreign visitors spent 1.554 billion manats, or approximately $914 million, in Azerbaijan during the first seven months of 2026, an 18.3% decline from the...

SOFAZ’s Stock Market Income Reaches $10.9 Billion

AZE.US The State Oil Fund of Azerbaijan, known as SOFAZ, has generated $10.9 billion in cumulative income from investments in developed-market equities, while the portfolio’s...

Baku Apartment Bought for 363,000 Manats Seized Over Former Owner’s Debt

AZE.US A Baku resident says an apartment he legally purchased for 363,000 manats ($213,500) was seized because of a private debt owed by its previous...

Baku Rents Rise 20% as Students Struggle to Find Housing

By AZE.US With the new academic year approaching, students arriving in Baku from Azerbaijan’s regions are struggling to find affordable rental housing. The market is facing...

Baku Market Prices: Tomatoes From 0.70 Manats, Meat Up to 22 Manats

By AZE.US A new video review has provided a snapshot of food prices at a market in Baku, with seasonal vegetables remaining relatively affordable while...

Azerbaijan Routes Another 989 Tons of Diesel Toward Armenia

By AZE.US A new shipment of 989 tons of diesel fuel is scheduled to move from Azerbaijan toward Armenia on September 3, further expanding the...

Azerbaijan Raises Pay for 72,212 Healthcare Workers

By AZE.US Azerbaijan has increased the salaries of 72,212 healthcare workers employed within the TƏBİB system, with the new rules taking effect on September 1. TƏBİB...

SOCAR Plans $1.65 Billion Deal for U.S. Gas Assets

AZE.US Azerbaijan’s state energy company SOCAR plans to acquire stakes in natural gas production and infrastructure assets owned by U.S.-based Comstock Resources. The proposed transaction is...

Guest Damages a Rental Property in Azerbaijan: Who Must Pay?

AZE.US A property owner in Azerbaijan may seek compensation from a guest who damages furniture, appliances or other items in a short-term rental. However, the...

Azerbaijan Ranks 105th in Global Prosperity Index

AZE.US Country trails Georgia and Armenia by more than 60 places but ranks ahead of Iran and Turkmenistan Azerbaijan ranked 105th among 161 countries in the...

Azerbaijan Employers Can Fine Workers for Tardiness - But Only Under One Condition

AZE.US Employers in Azerbaijan may not arbitrarily deduct money from an employee’s salary for arriving late. However, the law allows a disciplinary fine of up...

Azerbaijan Supplied Turkey With 5.49 Bcm of Gas in First Half

AZE.US Azerbaijan exported 5.492 billion cubic meters of natural gas to Turkey in the first half of 2026, according to data from Turkey’s Energy Market...

Israeli Developer Plans 3,500 Apartments at Sea Breeze

AZE.US Israeli real estate developer Hagag Group is preparing to enter Azerbaijan with two major residential projects at the Sea Breeze Resort on the Caspian...

Why Traditional Azerbaijani Tomatoes Are Disappearing From Markets

AZE.US Traditional Azerbaijani tomatoes, once prized for their distinctive aroma and flavor, are gradually losing ground to foreign-bred hybrids that are are cheaper, more productive...

Demand for Small Apartments Rises in Baku as Prices Start at 55,000 Manats

AZE.US Demand for small apartments is growing in Baku as rising property prices push buyers toward homes of 40-45 square meters or less. An online market...

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