Economy

How Will Legalizing Undocumented Homes Affect Azerbaijan’s Property Market?

AZE.US Hundreds of thousands of homes in Azerbaijan could enter the formal property market if the government moves ahead with granting legal title deeds to...

Azerbaijan’s Population Is Aging Rapidly

AZE.US Azerbaijan’s population is aging rapidly as birth rates decline and the number of people aged 65 and older continues to rise, economist Natig Jafarli...

Household Deposits in Azerbaijan Rise Nearly 16% to 17.9 Billion Manats

AZE.US Household deposits held by Azerbaijani banks rose 15.8% year over year to 17.90 billion manats, or approximately $10.53 billion, as of August 1. The banking...

Azerbaijan Property Insurance Premiums Rise 24% as Payout Ratio Falls

AZE.US Property insurance premiums collected in Azerbaijan increased sharply during the first seven months of 2026, while claims payments grew at a considerably slower pace. AZE.US...

Azerbaijan’s Land Borders Should Reopen - Jafarli

AZE.US Azerbaijan can begin gradually easing restrictions at its land borders, starting by allowing Azerbaijani citizens to return home through ground crossings, economist and politician...

When Can a Loan Guarantor’s Salary or Pension Be Garnished in Azerbaijan?

AZE.US A person in Azerbaijan can be held responsible for another borrower’s loan only if there is a valid written guarantee agreement. A verbal promise...

Gold Prices in Azerbaijan Drop by Up to 12 Manats Per Gram

AZE.US Gold prices in Azerbaijan have fallen sharply after a brief surge, with jewelers reporting unusually rapid fluctuations in both retail and scrap-gold rates. Gold of...

Azerbaijan’s Aluminum Export Revenue Jumps 39% to $165 Million

AZE.US Azerbaijan sharply increased its revenue from exports of aluminum and aluminum products during the first seven months of 2026. AZE.US reports, citing Report, that the...

Azerbaijan Urged to Legalize Undocumented Homes for 1,000 Manats

AZE.US Azerbaijan should introduce a property amnesty for tens of thousands of homes whose owners have been unable to obtain legal title for years, prominent...

Azerbaijan Eyes 170-255 Manat Europe Fares as New Wizz Air Route Nears

AZE.US A new direct Wizz Air service between Slovakia and Azerbaijan is expected to begin on Oct. 10, potentially offering round-trip tickets for about 170-255...

A 60-Square-Meter Baku Apartment Can Cost Up to 150,000 Manats

AZE.US Apartment prices in newly constructed residential buildings in Baku have reached 2,000-2,500 manats ($1,176-$1,471) per square meter, substantially increasing both the upfront and monthly...

Baku Airport Launches 20-Second Automated Passport Control

AZE.US Azerbaijani citizens can now complete passport control at Baku’s Heydar Aliyev International Airport in approximately 20 seconds using newly installed electronic gates. The State Border...

Azerbaijan Says Homes Built Over Utility Lines Cannot Be Legalized

AZE.US Azerbaijani authorities have clarified which undocumented homes may eventually qualify for registration and which properties cannot be legalized. A building is considered unauthorized if it...

Gifted Apartment Can Be Taken Back: Lawyer Explains the Legal Grounds

AZE.US A gifted apartment, house or other property may be returned if a court determines that the transfer was intended to conceal assets, avoid a...

Azerbaijan Rules Out Budget Funding for Routine Home Repairs in Liberated Territories

AZE.US Azerbaijan will not provide separate state budget funding for routine repairs to homes allocated to returning residents in the country’s liberated territories. The clarification was...

Beef Prices Rise Across Azerbaijan, Reaching 24 Manats in Baku

AZE.US Beef prices are rising again across Azerbaijan, reaching 17-18 manats ($10-$10.60) per kilogram in the regions and as much as 24 manats ($14.10) for...

OpenAI Registers for VAT in Azerbaijan: What It Means for ChatGPT Users

AZE.US OpenAI, the U.S. company behind ChatGPT, has officially registered with Azerbaijan’s tax authorities. The State Tax Service has also registered U.S.-based Zoom Communications and Netherlands-based...

Azerbaijan-Russia Trade Plunges 31% as Russian Imports Collapse

AZE.US Trade between Azerbaijan and Russia fell sharply in the first seven months of 2026, driven by a 42% decline in Russian exports to the...

Parking in Central Baku Can Cost 440 Manats a Month

AZE.US Drivers in Baku are complaining about the rising cost of private parking, particularly in the city center, where leaving a vehicle for a full...

State-Built Apartments in Shusha Listed for Daily Rent

AZE.US Apartments in Shusha residential complexes built by the Azerbaijani government for returning displaced families have appeared on local rental platforms, with daily rates ranging...

Azerbaijan’s Consumer Loans Jump 15.8% as Families Borrow More

AZE.US Consumer lending in Azerbaijan is expanding faster than business financing, raising concerns that more households may be turning to debt not only for major...

Workers in Azerbaijan Can Split Annual Leave Into Several Parts

AZE.US Employees in Azerbaijan are not required to use all their annual paid leave at once. The leave may be divided into three or more periods,...

New-Build Prices Outside Baku Top 2,000 Manats per Square Meter

AZE.US New-build apartments outside Baku can no longer be treated as an automatically inexpensive alternative to the capital. In a review of current asking prices, the...

Developer Cannot Demolish a Home Without the Owner’s Consent

AZE.US A private construction company cannot forcibly demolish a residential building simply because it has received permission from local executive authorities, Azerbaijani lawyer and property...

Azerbaijan’s Cashless Card Payments Reach 9.7 Billion Manats in One Month

AZE.US Domestic cashless payments made with bank cards in Azerbaijan reached 9.71 billion manats ($5.71 billion) in July. The volume increased 11% from the same month...

Azerbaijani Banks’ Profit Jumps 26% to 858.7 Million Manats

AZE.US Azerbaijan’s banks earned a combined net profit of 858.7 million manats ($505.1 million) in the first seven months of 2026. Profit increased 25.8% from the...

Kazakhstan Considers New Oil Export Route Through Azerbaijan

AZE.US Kazakhstan is considering using the Baku-Supsa pipeline to export its oil through Azerbaijan. Consultations are underway with the Azerbaijani side and relevant oil companies, AZE.US...

Ganjlik, Arabkir or Saburtalo: Where Are Apartments More Expensive?

AZE.US AZE.US compared asking prices for one- and two-room apartments in three metro-served residential areas of Baku, Yerevan and Tbilisi. Among the selected locations, Saburtalo...

Azerbaijan Fails to Reduce Dependence on Russia for Tomato Exports

AZE.US Russia still accounts for 93% of Azerbaijan’s tomato exports despite official claims that the country is expanding the geographic reach of its agricultural shipments,...

Baku’s Luxury Apartment Market Slows as Buyers Stay Below 200,000 Manats

AZE.US Sales of expensive apartments in Baku have slowed over the past two months, with most buyers focusing on homes priced at no more than...

Azerbaijan’s Supreme Court Warns Informal Moneylenders

AZE.US Azerbaijan’s Supreme Court has warned about the legal risks associated with repeatedly lending money to individuals at interest. Interest-bearing loans between private individuals are not...

Azerbaijan Auto Parts Imports Fall as Used Components Jump Up to 40%

AZE.US Automobile spare-parts imports are declining in Azerbaijan, while prices for used components have risen by 20% to 40%. Some scarce parts now cost nearly...

Azerbaijan-Georgia Trade Jumps 44% to $668.5 Million

AZE.US Trade between Azerbaijan and Georgia reached $668.5 million in the first seven months of 2026, an increase of 43.8% from the same period last...

Gold Rally Added $14.4 Billion to Azerbaijan’s Oil Fund Assets

AZE.US Higher gold prices added approximately $14.4 billion to the assets of Azerbaijan’s State Oil Fund between 2023 and the end of the first quarter...

Azerbaijan, Armenia Discuss Cross-Border Electricity Trade

AZE.US Azerbaijani and Armenian officials have discussed potential electricity imports and exports, as well as options for linking the two countries’ power infrastructure at the...

Azerbaijan Confiscates Cryptocurrency for First Time in Criminal Case

AZE.US A court in Azerbaijan has ordered the confiscation of cryptocurrency in favor of the state for the first time in the country’s judicial practice. The...

Azerbaijan May Recalculate Pensions for Working Retirees Every Four Years

AZE.US Azerbaijan is considering shortening the period for recalculating pensions for people who continue working after reaching retirement age from six years to four. Vugar Bayramov,...

Azerbaijani Banks Raise Deposit Rates to 12%

AZE.US Banks in Azerbaijan are offering annual interest rates of up to 12% on manat-denominated deposits as they seek to attract more savers amid slowing...

Flour and Bread Prices Could Rise in Azerbaijan

AZE.US Drought, extreme heat and ongoing military conflicts are creating new risks for the global wheat market, potentially affecting flour and bread prices in Azerbaijan. As...

Azerbaijan Spent $110.8 Million on Solar Panels

AZE.US Azerbaijan imported solar panels worth 188.4 million manats ($110.8 million) in the first half of 2026, about 101 times more than during the same...

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