Economy

Baku Renews Debate Over Homes Built On Former Lakebed After Heavy Rains

AZE.US Heavy and persistent rainfall in Baku has once again pushed the area around Masazir Lake into the spotlight, as satellite images circulating on social...

Escalators In Baku’s Underpasses Are Not Working

AZE.US Residents in Baku are complaining that escalators in several underground pedestrian crossings are out of service, creating growing difficulties for children, elderly people and...

Rents Have Risen In These Parts Of Baku

AZE.US Rental prices are continuing to climb in Baku, with the sharpest increases now concentrated in the city’s central districts. The market is being pushed...

Taxi Drivers In Azerbaijan Say Commissions Are Eating Into Their Earnings

AZE.US Taxi drivers in Azerbaijan are increasingly complaining that platform commissions are taking too large a share of their income, with some saying up to...

Residents Of Soviet-Era Homes In Baku Have Spent Years Unable To Secure Ownership Papers

AZE.US Residents of Soviet-era homes in Baku are still struggling to obtain formal ownership papers, even after decades of living in the same properties. The issue...

Fake And Substandard Medicines Were Being Sold In Baku

AZE.US Cases involving fake and substandard medicines have been uncovered in Azerbaijan, including in Baku, after a series of inspections by the Analytical Expertise Center. Khayali...

Post-Ramadan Wedding Demand Rises In Azerbaijan As Prices Also Edge Up

AZE.US With Ramadan now over, Azerbaijan’s wedding season is gaining momentum again, and banquet halls say demand has risen noticeably in recent weeks. Restaurant and venue...

Homebuyers In Azerbaijan Are Being Denied VAT Refunds

AZE.US Azerbaijani homebuyers can recover part of the value-added tax they pay when purchasing residential property, but many are still losing that benefit because they...

Who Will Pay For Flood Damage In Baku After The Storm?

AZE.US Heavy rain that swept across Baku has left behind more than flooded streets. In several parts of the capital of Azerbaijan, residents say water...

Goods From Iran Rise In Price As Azerbaijan Market Feels Supply Disruptions

AZE.US A broad range of goods imported from Iran have become more expensive in Azerbaijan, as supply problems linked to the conflict in Iran begin...

Home Marked For Demolition, But Compensation Falls Short Of Buying A New One In Baku

AZE.US A debate is growing in Baku over how compensation should be calculated for homes demolished under redevelopment plans, as residents of smaller houses say...

Handed Over Cash as a Loan? Supreme Court Explains the Risks

AZE.US Azerbaijan’s Supreme Court has issued a reminder that lending money based only on trust can become a legal headache if a dispute later arises. In...

48% Of Men In Azerbaijan Die Before Reaching Retirement Age

AZE.US A fresh debate over retirement age is unfolding in Azerbaijan, where concerns are growing that a large share of citizens - especially men -...

Flooded Homes Likely To Lose Value After Heavy Rains

AZE.US The recent downpours in Baku and across the Absheron Peninsula did more than flood courtyards, basements and ground floors. They also exposed a growing...

Problem Loans In Azerbaijan Rise 16.8% Over One Year

AZE.US Problem loans in Azerbaijan increased by 16.8% over the past year, even as their share in the overall loan portfolio remained relatively low, according...

Why Is It So Difficult to Register Homes in Azerbaijan’s Regions?

AZE.US Registering private homes remains a serious problem in Azerbaijan’s regions, especially in rural areas, where many residents still cannot obtain formal ownership documents for...

Azerbaijan May Offer Housing Support To Young People Looking To Start Families

AZE.US Azerbaijan is weighing new support measures for young people looking to start families as concern grows over a decline in marriages and the rising...

Plastic Surgery in Azerbaijan May Face Tighter Oversight

AZE.US Plastic and aesthetic surgery in Azerbaijan may soon come under tighter state oversight as the number of such procedures continues to rise and public...

How Sea Breeze Plans To Build Azerbaijan’s Tallest Tower, Cipriani Tower

AZE.US Sea Breeze founder Emin Agalarov has detailed the construction plan for Cipriani Tower, a 323-meter project billed as the tallest tower in Azerbaijan. According to...

Baku’s Kitten Market Runs From 10 Manats to 8,000

AZE.US Baku’s kitten market now stretches across one of the widest price ranges in the city’s consumer classifieds, running from roughly 10 manats for ordinary...

Why Is Baby Formula So Expensive in Azerbaijan?

AZE.US Baby formula prices in Azerbaijan remain high because the country is fully dependent on imports, faces added logistics costs and still applies a hefty...

Small Apartments Gain Demand in Baku as Home Prices Outrun Incomes

AZE.US Demand for small apartments is rising in Baku as more buyers adjust to a housing market that has become increasingly detached from household incomes....

Land Prices In These Areas Around Baku Could Rise By 20-25%

AZE.US Land prices in several areas around Baku and across the Absheron Peninsula could increase by 20% to 25% this year as construction activity picks...

Washed Away by Rain: Why Drivers Cannot Simply Restore a Lost License Plate

AZE.US Heavy rain in Baku has revived a frustrating problem for drivers: when a registration plate is torn off in floodwater and disappears, they cannot...

Chinese Cars Lose Half Their Value And Get More Expensive To Repair

AZE.US Chinese-made cars are attracting buyers in Azerbaijan with their lower prices and modern look, but concerns are growing over what happens after the warranty...

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