Economy

Azerbaijan’s Car Markets Empty Out as Sales Nearly Grind to a Halt

AZE.US Azerbaijan’s traditional car markets are experiencing a prolonged downturn as buyers increasingly turn to online listings, direct imports and Chinese-made vehicles. Despite a slight decline...

EV Drivers in Azerbaijan Wait Hours for Charging

AZE.US Electric vehicle owners in Azerbaijan say they are being forced to wait for hours at charging stations because of a shortage of equipment and...

Main Reason Behind Azerbaijan’s Card-to-Card Transfer Limits Revealed

AZE.US Azerbaijan introduced new restrictions on card-to-card bank transfers on August 1, limiting both the number and volume of transactions. Banking expert Emin Karimov said the...

Azerbaijan’s Card Transfer Limits Could Push People Back to Cash, Economist Warns

AZE.US New restrictions on card-to-card transfers could backfire by encouraging people in Azerbaijan to withdraw their money and return to cash payments, economist and REAL...

Chinese Cars Gain Ground in Azerbaijan, but Warranty and Resale Risks Remain

AZE.US Chinese cars have rapidly moved from a niche product to a major presence in Azerbaijan’s automotive market, attracting buyers with lower prices, modern technology...

Price Per Square Meter in Central Baku Reaches 7,000 Manats

AZE.US Real estate prices in Baku continue to rise, with the sharpest increases being recorded for smaller apartments, particularly in older residential buildings. Property expert Elnur...

Healthy Eating Is Becoming Less Affordable in Azerbaijan

AZE.US The cost of maintaining a healthy diet has risen sharply in recent years, making nutritious food increasingly difficult to afford for low-income families in...

Transfer Limits Will Not Solve Azerbaijan’s Shadow Economy Problem - Hasanov

AZE.US New limits on card-to-card transfers in Azerbaijan will not solve the problem of the shadow economy and may instead push more people back toward...

Azerbaijan Limits Card-to-Card Transfers

AZE.US Azerbaijan has introduced new limits on transfers between bank cards as part of broader efforts to strengthen the security and transparency of digital payments. The...

Overdue Loans in Azerbaijan Rise 36%

AZE.US The volume of overdue loans in Azerbaijan has increased by 36% over the past year, driven by inflation, declining household purchasing power and a...

Complaints Over Fake Discounts Rise in Azerbaijan

AZE.US Complaints about misleading discount campaigns are increasing in Azerbaijan, with consumers reporting that some retailers raise prices before offering goods at their original cost...

Can a Resident Be Removed From a Sold Home Without Their Consent?

AZE.US A person registered at a home in Azerbaijan may retain certain residential rights even after the property is sold, particularly when the house does...

4,000 Bee Colonies Left Without Care in Azerbaijan After Flood Washes Out Road

AZE.US More than 100 beekeepers in Azerbaijan’s northwestern Balakan District have been unable to reach nearly 4,000 bee colonies after flooding destroyed the road leading...

Why Has Islamic Banking Still Not Taken Root in Azerbaijan?

AZE.US Despite years of discussion, Azerbaijan has yet to establish a fully developed Islamic banking system. Financial expert Akram Hasanov says the main obstacles are a...

What Do Baku Wedding Venues Serve for 500 Manats Per Guest?

AZE.US With the month of Muharram nearing its end, Baku’s wedding season is set to begin again. For couples and families planning celebrations, one of...

Azerbaijan Warns Homebuyers About Risks of Handwritten Property Deals

AZE.US People purchasing homes in Azerbaijan through handwritten receipts or informal agreements may pay the full price but still acquire no legal ownership rights, a...

Can Restaurants in Azerbaijan Charge Any Price They Want?

AZE.US Sharp increases in food and drink prices at summer resorts have sparked renewed debate in Azerbaijan, with visitors complaining that some establishments sell ordinary...

Azerbaijan Risks Losing the South Caucasus Economic Race

By AZE.US Editorial Team Azerbaijan, Armenia and Georgia had almost identical GDP per capita levels in 2020. Today, the two neighboring economies are pulling ahead....

Restaurants in Azerbaijan Refuse to Refund Unused Table Deposits

AZE.US Some restaurants in Azerbaijan require customers to pay a deposit when reserving a table and refuse to return the unused portion if the final...

AI Is Reshaping Azerbaijan’s Job Market: Which Careers Will Be in Demand?

AZE.US Artificial intelligence is already changing Azerbaijan’s labor market. As automation expands, traditional professions are being transformed, while digital skills, data literacy and the ability...

Bikers Required to Push Motorcycles by Hand at Gas Stations in Azerbaijan

AZE.US Motorcyclists in Azerbaijan are required to switch off their engines 15 meters - about 49 feet - before reaching a gas station and push...

Paid for 100 Square Meters, Got 90: How Buyers Can Seek a Refund

AZE.US Apartment buyers in Azerbaijan may seek compensation if the actual size of their property is smaller than the area stated in the purchase agreement. In...

Mandatory Car Insurance Costs Rise Sharply in Azerbaijan

AZE.US Drivers in Azerbaijan are reporting significant increases in compulsory motor insurance premiums, with some saying they are now paying two or three times more...

Italy Buys More Than Half of Azerbaijan’s Exported Oil

AZE.US Italy remains Azerbaijan’s largest trading partner and its leading export market, driven primarily by oil and natural gas sales. Trade between the two countries exceeded...

Azerbaijan May Cut Temu Order Limit to $50

AZE.US Azerbaijan could reduce the monthly duty-free limit on personal orders from Temu and other foreign e-commerce platforms from $300 to $50, a move that...

Car Owners in Azerbaijan Can Revoke Power of Attorney at Any Time

AZE.US Vehicle owners in Azerbaijan may revoke a power of attorney authorizing another person to drive or dispose of their car at any time, regardless...

Seafood Prices Fall in Azerbaijan, but Summer Safety Risks Rise

AZE.US Seafood is more widely available and generally cheaper in Azerbaijan during the summer, but specialists warn that improper storage in hot weather can quickly...

Could Azerbaijan Ban Imports of Cars Without FM Radio?

AZE.US Azerbaijan may consider revising technical requirements for imported vehicles after concerns emerged over Chinese-made electric cars without functioning FM radio. The issue received renewed attention...

Auto Loan Rates Rise in Azerbaijan

AZE.US The average interest rate on auto loans in Azerbaijan reached 14% as of June 30, 2026, according to data from the Central Bank of...

Baku’s Abandoned “Colosseum” Has Stood Unfinished for Years

AZE.US A massive unfinished building resembling a Roman amphitheater has stood abandoned in Baku for years, with no clear information about its owner, original purpose...

Buyers Paid Up to AZN 10,000 - and Were Left Without Cars

AZE.US Several people in Azerbaijan say they paid thousands of manats to purchase vehicles advertised on social media but received neither the cars nor refunds. One...

Scammers Rented Out a Nonexistent House in Ismayilli

AZE.US An Azerbaijani family was left without accommodation after falling victim to a fake short-term rental listing in the Ismayilli district. The victim, Eyvaz Daniyarov, said...

Imitation Caviar Sold as Natural Product in Azerbaijan

AZE.US Azerbaijan’s food safety authorities have uncovered cases in which imitation caviar was sold to consumers as a natural product, according to a report by...

Economic Activity Concentrated in Baku as Regions Fall Behind

AZE.US Nearly 70% of Azerbaijan’s microbusinesses are concentrated in Baku, highlighting the widening economic gap between the capital and the country’s regions. According to official data,...

When Can a Home Be Seized in Azerbaijan?

AZE.US A home or apartment in Azerbaijan may be placed under seizure in cases involving unpaid debts, court rulings or enforcement proceedings, according to a...

Sea Breeze to Launch Year-Round Surfing Facility Near Baku

AZE.US Sea Breeze, a major resort and residential development on the Caspian coast near Baku, is preparing to open an artificial-wave pool that will allow...

How Companies Get Your Phone Number

AZE.US People in Azerbaijan are increasingly complaining about unsolicited sales calls from unfamiliar numbers. The callers may offer water filters, cosmetic treatments, medical services, training courses,...

New Chinese Car or Used Model: Which Is the Better Choice?

AZE.US Car buyers in Azerbaijan are increasingly faced with a familiar dilemma: purchase a new Chinese vehicle with a factory warranty or choose a used...

Meat Prices Rise Again in Baku

AZE.US Prices for several types of beef and lamb have increased in Baku over the past month, with the sharpest rises affecting boneless beef and...

What Is Really Inside Sausages Selling for 3-6 Manats?

AZE.US Sausages and hot dogs priced at just 3 to 6 manats per kilogram are being sold in some markets and grocery stores across Azerbaijan,...

Latest news