Economy

Apartments From 435 Manats Per Square Meter: Ministry Announces Sale

AZE.US Azerbaijan’s Ministry of Labor and Social Protection of the Population has announced the sale of new apartments that can be purchased through mortgage financing. According...

How Much Do Products Cost Ahead of Novruz? Latest Prices at Markets

AZE.US With the Novruz holiday approaching, markets in Azerbaijan are becoming increasingly crowded as people purchase ingredients for traditional festive dishes. According to vendors, prices for...

Expensive Oil Does Not Necessarily Make Azerbaijan Richer

AZE.US Rising global oil prices do not automatically make Azerbaijan wealthier, according to economist and REAL party chairman Natig Jafarli. Writing on Facebook, Jafarli said that...

New Insurance Model In Azerbaijan Could Reward Drivers Who Avoid Accidents

AZE.US The Central Bank of Azerbaijan has issued a license to Saf Takaful Insurance and Reinsurance Broker LLC to operate as an insurance broker in...

Apartments In Older Buildings Are Rising In Price In Baku

AZE.US Prices for apartments in older residential buildings across Baku are steadily rising, narrowing the gap with new construction projects in the city. Previously considered a...

Thousands of Taxi Drivers Fail New Exam in Azerbaijan

AZE.US Thousands of taxi drivers in Azerbaijan have failed a mandatory certification exam, raising questions about whether the capital could face a shortage of taxis. According...

Why Fish Prices Are Rising In Baku Ahead Of Novruz

AZE.US Fish prices at markets in Baku have increased in recent days as demand rises ahead of the Novruz holiday, when fish is traditionally included...

Baku Plans 200,000 New Apartments By 2040 – What It Could Mean For Housing Prices

AZE.US Baku plans to build up to 200,000 new apartments by 2040, according to the Azerbaijani government’s report on its activities in 2025, which was...

How Much Does A Holiday In Azerbaijan’s Regions Cost? – PRICES

AZE.US With the Novruz holiday approaching, many residents of Azerbaijan have already begun planning short trips during the upcoming long break. Travel agencies say demand...

War In Iran Could Push Up Housing Prices In Baku

AZE.US Rising global oil prices triggered by escalating tensions around Iran could have an unexpected side effect in Azerbaijan: higher real estate prices in Baku. Energy...

Azerbaijan Prepares For The Introduction Of Driverless Transport

AZE.US Azerbaijan is preparing for the future introduction of autonomous, driverless transport, according to the country’s digital development roadmap for the coming years. The initiative is...

How Geopolitics Is Hitting Azerbaijan’s Tourism Sector

AZE.US Growing geopolitical tensions in the Middle East, particularly the confrontation between Iran and Israel, are beginning to affect Azerbaijan’s tourism sector, according to industry...

Used Car Prices Rise In Azerbaijan As Market Activity Slows

AZE.US Prices for used cars in Azerbaijan have risen sharply in recent months, even as buyer activity across the market remains weak. Car sellers say vehicles...

Why Local Produce Is Disappearing From Azerbaijan’s Markets

AZE.US Shoppers at markets across Azerbaijan are increasingly encountering imported fruits and vegetables instead of the locally grown produce that once dominated stalls. Not long ago,...

Fake AI Voices And Images Could Bring Up To 7 Years In Prison In Azerbaijan

AZE.US Azerbaijan may introduce criminal liability for creating and distributing AI-generated content that uses a person’s image or voice without their consent. According to reports, proposed...

Can Azerbaijan Meet Demand For Lamb With Domestic Production?

AZE.US Azerbaijan has strong traditions in sheep farming, but declining livestock numbers have increased reliance on imported lamb. Experts say the country still has significant...

Can Changing Your Name Cancel a Bank Loan in Azerbaijan?

AZE.US A debate has recently emerged in Azerbaijan over whether a person can avoid bank loans by changing their name or surname. Some people believe that...

Trout Reaches 19 Manats As Fish Prices Rise In Azerbaijan

AZE.US Prices for several types of fish have risen noticeably in Azerbaijan’s markets in recent weeks, according to local vendors. Sellers say some fish varieties have...

Baku Ferris Wheel Offers Stunning Views – But Few Visitors

AZE.US The Ferris wheel located on Baku’s Seaside Boulevard, near Flag Square, has been one of the city’s recognizable attractions for more than a decade. The...

Arab Tourists Disappear From Quba As Tourism Slows

AZE.US The number of foreign tourists visiting Quba, one of Azerbaijan’s best-known mountain tourism destinations, has dropped significantly in recent months, with the sharpest decline...

Mortgage Boom In Baku: 13,000 Applications Filed For Home Purchases

AZE.US Thousands of citizens applied for mortgage loans after Azerbaijan’s Mortgage and Credit Guarantee Fund opened new lending limits for 2026, triggering a surge in...

Potato Prices Double In Azerbaijan As Supply Pressures Push Costs Higher

AZE.US Potato prices have risen sharply across markets in Azerbaijan, with the cost of one kilogram reaching around 2 manats in some locations, roughly double...

Why Butter Prices Are Rising in Azerbaijan

AZE.US Prices for butter have been climbing in Azerbaijan in recent days, with increases reported both in supermarkets and local food markets. Retailers say the price...

How To Avoid Being Scammed When Ordering A Car From Abroad

AZE.US Cases of fraud involving cars ordered from abroad are becoming increasingly common in Azerbaijan, with dozens of complaints reported over the past year. One victim...

Fish Prices Surge In Azerbaijan As Imports Decline

AZE.US Fish prices in Azerbaijan have risen sharply in recent weeks, with some popular species becoming significantly more expensive as supplies from Iran decline. Traders at...

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