Economy

Colored Car Wraps Could Lead to Fines in Azerbaijan

AZE.US Drivers in Azerbaijan are being warned that decorative wraps and tinted coverings used to alter a vehicle’s appearance may lead to fines if the...

Flying From Baku to Turkey Can Cost More Than Traveling via Tbilisi

AZE.US Air passengers in Azerbaijan are reporting a sharp rise in ticket prices as the summer travel season drives up demand, with some travelers choosing...

Azerbaijan May Raise Mortgage Loan Limit

AZE.US Azerbaijan may increase the maximum amount available under its state-backed mortgage program as rising housing prices make it increasingly difficult for buyers to find...

Imported Fish Dominate Azerbaijan’s Summer Market

AZE.US Imported and farm-raised fish are dominating markets across Azerbaijan this summer, while prices remain broadly stable, according to local sellers and market analysts. The most...

Azerbaijan Plans to Welcome Up to 6 Million Tourists

AZE.US Azerbaijan is preparing a major tourism development program aimed at increasing annual visitor numbers to between 5 million and 6 million. The country’s first state...

Cockroaches and Unsanitary Conditions: Residents Complain About Baku Store

AZE.US A customer has filmed a cockroach crawling near food products inside a store selling flour-based goods in Baku’s Sabunchu district. The incident occurred at a...

More Guests, Less Revenue: Azerbaijan’s Hotel Income Falls

AZE.US Azerbaijan’s hotels hosted more guests and recorded more overnight stays in 2025, but the industry still ended the year with lower revenue. The country had...

Deposits in 19 Liquidated Azerbaijani Banks Totaled 2.36 Billion Manats

AZE.US Deposits held in 19 Azerbaijani banks currently undergoing liquidation totaled 2.364 billion manats, according to the country’s Deposit Insurance Fund. The banks had a combined...

Zolotaya Korona Halts Money Transfers From Russia to Azerbaijan

AZE.US The Zolotaya Korona payment system has stopped processing money transfers from Russia to Azerbaijan after its operator was targeted by new European Union sanctions. Azerbaijan...

Gold Jewelry Sets in Azerbaijan Now Cost Up to 10,000 Manats

AZE.US Gold jewelry sets in Azerbaijan are now selling for between 3,000 and 10,000 manats as buyers continue to face high prices in the local...

Baku Passengers Try to Fit Six or Seven People Into Standard Taxis

AZE.US Taxi drivers in Baku say some customers order a standard passenger car but then attempt to enter in groups of six or seven people...

What Prevents Borrowers From Getting Large Loans in Azerbaijan?

AZE.US Two people with identical salaries may receive substantially different loan offers from Azerbaijani banks. The same customer can also be approved for different credit...

Rebar Prices in Azerbaijan Are Rising Again

AZE.US Rebar prices in Azerbaijan have begun climbing again, with some products gaining 10 to 15 gapiks per meter in recent days. The increase comes as...

Baku Metro Passengers Report Problems With NFC Payments

AZE.US Passengers using the Baku Metro have reported intermittent problems when attempting to pay fares through NFC-enabled smartphones. In some cases, turnstiles failed to process contactless...

88,000 Azerbaijani Men Died Before Reaching Retirement Age

AZE.US A total of 88,000 men in Azerbaijan have died over the past five years before reaching the official retirement age of 65, according to...

Chinese Car Parts Prices Rise by Up to 50% in Azerbaijan

AZE.US Prices for spare parts used in Chinese-made vehicles have risen sharply in Azerbaijan, increasing repair and maintenance costs for drivers. Sellers say most Chinese car...

Prices Rise for Apartments in Baku’s Aging Buildings

AZE.US Apartment prices in Baku are rising not only in new developments but also in aging residential buildings that could eventually be demolished and replaced. Elnur...

Azerbaijan Plans Loan Insurance for Borrowers Who Lose Their Jobs

AZE.US Azerbaijan is preparing to introduce a new type of insurance that could cover loan payments when borrowers lose their jobs and are unable to...

From Eggplants to Lamb: A Look at Prices at Bravo

AZE.US A recent shopping trip to a Bravo supermarket in Sumgayit offers a snapshot of what Azerbaijani consumers are paying for vegetables, meat, dairy products,...

When Is the Best Time to Buy or Sell Property in Azerbaijan?

AZE.US Summer is generally the best time for homeowners in Azerbaijan who plan to sell one apartment and immediately buy another, according to real estate...

How Much Does It Cost to Rent a Car in Azerbaijan?

AZE.US Daily car rental prices in Azerbaijan range from about 40 manats ($24) for basic models in the regions to as much as 500 manats...

Bread Prices Could Rise Again in Azerbaijan

AZE.US Bread and flour prices in Azerbaijan could increase despite a stronger domestic grain harvest, as higher transportation, energy and labor costs continue to pressure...

Tourists Trash Short-Term Rental Apartment and Leave

AZE.US A property owner said tourists left a short-term rental apartment heavily damaged before leaving, highlighting the legal risks landlords face when renting homes without...

Azerbaijan Buyers Will Be Able to Trace Where Their Fish Came From

AZE.US Azerbaijan plans to introduce an electronic tracking system that will allow consumers to verify the origin of fish and seafood sold in the country. The...

Israelis Bought Half the Apartments in a New Sea Breeze Complex

AZE.US Israeli buyers purchased half of the apartments in Marina Village, a newly completed residential complex at the Sea Breeze resort outside Baku, according to...

Three Casinos To Open At Sea Breeze

AZE.US Three casinos will open at the Sea Breeze resort outside Baku, according to the project’s founder, Emin Agalarov. Agalarov disclosed the plans while presenting the...

Azerbaijan to Enforce Collection of Unpaid Property Taxes

AZE.US Municipalities in Baku have begun issuing final warnings to apartment owners who have not paid their property taxes, with outstanding debts potentially subject to...

Shrimp and Crayfish Prices Drop Sharply in Azerbaijan

AZE.US Prices for shrimp and crayfish have declined across markets in Azerbaijan as seasonal supplies increase. Shrimp prices have fallen by 2 to 5 manats ($1.20...

Azerbaijan Moves to Stop Developers From Selling the Same Apartment Twice

AZE.US Azerbaijan is preparing a new property registration mechanism designed to prevent developers from selling the same apartment to multiple buyers. More than 5,000 prospective homeowners...

Azerbaijani Consumers May End Up Paying Temu’s Fine

AZE.US A possible fine against online marketplace Temu could eventually lead to higher delivery costs for shoppers in Azerbaijan, economist Natig Jafarli has warned. According to...

Azerbaijan Plans to Introduce Flexible Work Arrangements

AZE.US Azerbaijan plans to introduce a flexible working model and expand access to remote employment as part of a broader effort to modernize the labor...

Baku E-Bike Users Warned About Extra Charges for Improper Parking

AZE.US Users of rental electric bicycles in Baku may face additional charges if they fail to end their trip at an authorized parking location. The bicycles...

Azerbaijanis Spend 25% More on Medicines as Prices Rise

AZE.US Consumers in Azerbaijan spent 912.7 million manats, or about $537 million, on medicines, medical supplies and pharmacy products during the reporting period, according to...

Check Your Receipt: Azerbaijanis Lose 500 Million Manats on Purchases

AZE.US Consumers in Azerbaijan may be losing an estimated 500 million manats each year by paying for products they never purchased or being charged more...

Baku Rental Prices Set for Another Increase

AZE.US Rental prices in Baku are expected to rise again from the second half of August as students return to the capital and demand for...

Azerbaijani Farmers Are Selling Tomatoes at a Loss

AZE.US Azerbaijani tomato growers are increasingly being forced to sell their produce at a loss as prices fall in Russia, transportation costs rise and greenhouse...

Car Prices Drop by Up to 5,000 Manats, but Buyers Stay Away

AZE.US Car sales in Baku have slowed sharply despite a large number of vehicles being offered on the market. Sellers at the Azerbaijan capital’s car markets...

Where Can Borrowers Turn When Banks Refuse a Loan?

AZE.US People in Azerbaijan who cannot obtain a bank loan because of high debt levels or insufficient income are increasingly turning to non-bank credit organizations....

Baku Summer House Season: Villa Rents Surge

AZE.US Demand for summer houses and villas in and around Baku has risen sharply, pushing monthly rents for premium properties near the Caspian Sea as...

Why Falling Bank Profits Will Not Make Loans Cheaper

AZE.US Several Azerbaijani banks reported weaker financial results in the first half of 2026, including lower profits, declining revenues and shrinking deposit portfolios. However, economists...

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