Economy

Baku Landlords Refuse to Rent Apartments to Men

AZE.US Men looking for rental housing in Baku, particularly university students, are increasingly encountering a blunt response from landlords: the apartment is available only to...

Car or Taxi: Which CostFuel Spending in Azerbaijan Rises 4.2%

AZE.US Consumers in Azerbaijan spent 2.327 billion manats ($1.37 billion) on gasoline and diesel fuel through retail outlets in January-July 2026, an increase of 4.19%...

Baku Students Keep Paying Summer Rent as Prices Threaten to Rise

AZE.US Many university students who leave the capital of Azerbaijan during the summer continue paying rent for apartments that remain empty, fearing that they may...

Personal Car or Taxi: Which Is Cheaper in Baku?

AZE.US As traffic congestion and car prices continue to rise in Baku, many residents face a familiar question: is it cheaper to use taxis every...

Credit Trap: What Borrowers Should Check Before Signing a Loan Agreement

AZE.US Borrowers in Azerbaijan should look beyond the advertised interest rate when taking out a loan and focus instead on the total cost of borrowing,...

Azerbaijan’s Most Popular Business Sectors Revealed

AZE.US High inflation, changing consumer habits and rapid technological development are reshaping Azerbaijan’s business environment, pushing entrepreneurs toward sectors that require less upfront capital and...

High Prices and Costly Loans Push Homeownership Out of Reach in Azerbaijan

AZE.US Azerbaijan added more than 4.6 million square meters of residential space in 2025, but homeownership remains beyond the reach of many families as high...

Ramiz Mehdiyev’s Son-in-Law Loses Court Battle Over Fruit Orchards

AZE.US Azerbaijan’s Supreme Court has rejected a lawsuit filed on behalf of TurAz LLC by former lawmaker Ilham Aliyev, the son-in-law of former Presidential Administration...

Tbilisi-Baku Train Tickets in Short Supply as Additional Services Are Considered

AZE.US Azerbaijan Railways and Georgian Railway are working to arrange additional passenger services between Baku and Tbilisi amid high demand and growing complaints about ticket...

VTB Azerbaijan Capital Cut Linked to Sanctions on Russia

AZE.US A banking expert has linked VTB Azerbaijan’s decision to reduce its charter capital by 221.1 million manats ($130 million) to international sanctions on its...

Baku Apartment Investment: How Much Can Owners Earn From Rent?

AZE.US Apartment owners in Azerbaijan can typically earn monthly rent equal to 0.3% to 0.5% of a property’s sale price, according to real estate expert...

Businesses Refusing Card Payments Could Face Penalties in Azerbaijan

AZE.US Some businesses in Azerbaijan are reportedly refusing both POS-terminal and card-to-card payments, asking customers to pay exclusively in cash. Lawyer Akram Hasanov told Demokrat.az that...

A Business Could Be Registered in Your Name, Leaving You With Thousands in Debt

AZE.US People in Azerbaijan may unknowingly have businesses registered in their names and later face substantial tax debts or even criminal liability, a legal expert...

Loans Cost More in Azerbaijan’s Regions Than in Baku

AZE.US Borrowers in several regions of Azerbaijan face significantly higher interest rates than residents and businesses in the capital, according to official data. At the beginning...

Paid for an Imported Car - Received Neither the Vehicle Nor Documents

AZE.US A Baku resident says he paid a deposit to have vehicles imported from abroad but received neither the cars nor documents confirming their purchase...

Passengers Sold Nonexistent Tickets for Baku-Tbilisi Train

AZE.US Passengers searching for scarce tickets on the Baku-Tbilisi-Baku train are reportedly being targeted by fraudulent social media accounts offering tickets that do not exist. As...

Apricots in Baku Sell for as Much as Meat at 18 Manats per Kilogram

AZE.US Apricot prices have sparked debate in Azerbaijan after the fruit was offered at some Baku stores for 17-18 manats ($10-$10.60) per kilogram despite the...

New Casco Rules in Azerbaijan: Who Could Be Denied a Payout

AZE.US Azerbaijan is preparing to introduce new rules for voluntary comprehensive automobile insurance, commonly known as casco, the Central Bank of Azerbaijan has announced. The changes...

Azerbaijan’s Tax Debt Jumps 22% to 4.05 Billion Manats

AZE.US Azerbaijan’s outstanding tax debt reached 4.05 billion manats ($2.38 billion) as of July 1, rising by 741.6 million manats ($436 million), or 22.4%, since...

Budget Getaways in Azerbaijan: Rooms From 50 Manats, Cottages From 100

AZE.US Travelers looking for an affordable domestic vacation can still find rooms in Azerbaijan’s regions for 50-70 manats ($29-$41) per night, while cottages for two...

Food Prices in Azerbaijan Could Rise Within 3-6 Months

AZE.US Rising global prices for grain, sugar and vegetable oils could push up food costs in Azerbaijan within the next three to six months, economists...

Dollar Demand Plunges in Azerbaijan as Imports Fall 27.8%

AZE.US Demand for foreign currency has fallen sharply in Azerbaijan, with dollar sales at currency auctions dropping by about 72% in the first half of...

Baku Wedding Season to Begin With Higher Menu Prices

AZE.US Wedding venues in Baku are preparing to resume celebrations after a nearly two-month pause, with some halls raising menu prices by around 10%. The minimum...

Comprehensive Car Insurance Costs Rise in Azerbaijan as EV Repair Bills Climb

AZE.US The cost of comprehensive car insurance is rising in Azerbaijan as newer vehicles, particularly hybrids and electric cars, become more expensive to repair. The voluntary...

Beef Prices in Baku Rise to 18.50 Manats, Lamb Hits 23

AZE.US Meat prices have increased again at markets across Baku, with shoppers reporting that beef has become about 1 manat more expensive over the past...

AZAL Accused of Cutting Costs on Nakhchivan Passengers

AZE.US Passengers traveling between Nakhchivan and Baku have complained about reduced onboard service, saying Azerbaijan Airlines, or AZAL, has stopped offering tea and coffee on...

Card-to-Card Transfers Will Not Be Restricted as Azerbaijan Banks Clarify New Limits

AZE.US Azerbaijan’s banking sector has clarified that new rules governing card transactions do not impose limits on card-to-card transfers or spending, amid public confusion over...

Passengers Will Pay for Metro Repairs: Jafarli Slams Baku’s New Transit Scheme

AZE.US Azerbaijani economist Natig Jafarli has sharply criticized the decision to charge passengers for express buses introduced between Baku Metro stations during repair works. According to...

Gold Hits 220 Manats in Azerbaijan as Global Prices Surge

AZE.US Gold prices are rising sharply in Azerbaijan as the global precious-metals rally accelerates, pushing some locally sold gold products to as much as 220...

Why Azerbaijan Is Losing the Battle for Tourists to Its Neighbors

AZE.US Despite spending millions of manats each year on tourism development and international promotion, Azerbaijan remains one of the least-visited countries in the South Caucasus. In...

Sea Breeze Residents Report Long Lines and Access Problems

AZE.US Property owners at Sea Breeze are complaining about long lines at entry points, frequently changing access rules and the lack of a clear channel...

Most Azerbaijanis Unaffected by Card Transfer Limits, MP Says

AZE.US Most people in Azerbaijan are expected to continue using card-to-card transfers as before, despite the introduction of new daily and monthly limits, according to...

Paid Shuttle Buses Spark Concern as Baku Metro Prepares for Yearlong Disruption

AZE.US Baku commuters are preparing for nearly a year of difficult journeys as construction work forces a temporary separation of the capital’s Red and Green...

Beef Prices Rise to 18 Manats per Kilogram

AZE.US Beef prices in Azerbaijan’s Ismayilli district have increased by 1 manat over the past two days, rising from 17 manats ($10) to 18 manats...

Baku’s Green Market Introduces Origin Labels for Dairy Products

AZE.US Dairy products sold at Baku’s Green Market are now being marked with special labels identifying their origin and producer. As AZE.US reports, the labels include...

Loans for Phones and Travel: Why Azerbaijanis Are Living on Credit

AZE.US Credit cards, consumer loans and installment payment plans allow people to purchase goods and services they cannot cover with their current income. However, poor...

Transfer Limits Could Push Azerbaijanis Back to Cash, Economist Warns

AZE.US Azerbaijan’s new limits on card-to-card transfers and the number of permitted transactions could push some users back toward cash payments, potentially undermining years of...

Azerbaijan Car Buyers Warned About Hidden Leasing Costs

AZE.US Low down payments can make expensive vehicles appear affordable, but commissions, insurance and higher monthly installments may significantly increase the final cost. Expensive vehicles are...

Drop in Mortgage Lending Will Not Lower Apartment Prices in Azerbaijan

AZE.US The volume of state-backed mortgage loans issued in Azerbaijan during the first six months of 2026 fell 2.8% from the same period last year. The...

Apartment Price Growth in Azerbaijan Linked to Internal Migration

AZE.US Internal migration remains the main factor shaping real estate prices in Azerbaijan, while the country’s foreign population is not creating significant pressure on the...

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