AZE.US Azerbaijan is preparing to automate the VAT refund system for retail purchases. Under the new mechanism, shoppers paying with certain bank cards will receive the refund directly to their account without needing to keep receipts. Azerbaijan plans to introduce an automated system for value-added tax (VAT) refunds on retail purchases, making the process faster … Read more
AZE.US New mortgage funding allocations in Azerbaijan could significantly influence the country’s housing market. Experts say expanded mortgage access may boost demand for apartments and contribute to further price growth. New mortgage loan allocations in Azerbaijan are expected to have a noticeable impact on the country’s real estate market, potentially increasing demand for housing and … Read more
AZE.US Passengers in the capital of Azerbaijan say they have noticed unusual charges when paying for bus rides with contactless bank cards. Transport operator BakıKart says the issue is not a system failure but a normal delay in how payments are processed. Passengers in Baku have begun reporting unexpected charges on their bank cards after … Read more
AZE.US Overdue loans in Azerbaijan continue to grow, reflecting rising interest rates, inflationary pressures and seasonal financial strain on households. Economists say the trend could signal broader risks for the credit market if it persists. The volume of overdue loans in Azerbaijan has increased, prompting concerns among economists about growing financial pressure on borrowers. According … Read more
AZE.US Early signs of price increases are appearing on Azerbaijan’s car market, as rising logistics costs and higher global commodity prices linked to tensions in the Middle East begin to affect vehicle imports. Some vehicles in Azerbaijan have started to become more expensive, as regional geopolitical tensions begin to ripple through the country’s automotive market. … Read more
AZE.US Buying a home does not always mean gaining full control over it. In Azerbaijan, previously registered residents may retain certain legal rights even after the property changes hands, potentially creating legal and financial complications for the new owner. When purchasing real estate, one of the most common legal issues buyers encounter involves people who … Read more
AZE.US A debate over payroll taxes in Azerbaijan’s private sector may seem like a narrow technical issue. In reality, it touches on a much larger question: what kind of economic model the country wants to pursue in the coming decade. The discussion was sparked after Azerbaijani economist Natig Jafarli publicly questioned the government’s decision to … Read more
AZE.US Markets in Azerbaijan are seeing increased activity ahead of the Nowruz holiday. Sellers say prices for most fruits and vegetables remain relatively stable, although some nuts and imported products have become more expensive. With Nowruz approaching in about two weeks, markets across Azerbaijan are becoming busier as families prepare for the traditional holiday table. … Read more
AZE.US Medical tourism is growing worldwide, and Azerbaijan is positioning itself as a regional destination for health and wellness travel. Treatment packages – especially those involving Naftalan therapy – can range widely depending on the clinic, procedures, and duration of stay. Medical tourism has become one of the fastest-growing segments of the global travel industry. … Read more
AZE.US Many borrowers face rejection when applying for a new loan. In most cases, the reason is past payment delays on previous credit obligations. In everyday language, this situation is often described as being placed on a “blacklist.” However, financial experts say there is no formal blacklist in the banking system. Instead, banks evaluate a … Read more