Economy

Azerbaijan Moves to Prevent One Apartment From Being Sold to Multiple Buyers

AZE.US Azerbaijan plans to introduce a new legal mechanism designed to prevent the same apartment from being sold to several buyers. The proposal was outlined by...

Social Media Fundraisers May Owe Tax on Donations, Lawyer Says

AZE.US People in Azerbaijan who share their bank card details on social media to collect financial assistance may be required to explain the source of...

Mortgage Borrowers Can Register At Their Homes Before Loan Is Repaid

AZE.US Homebuyers in Azerbaijan do not need to repay their mortgage in full before registering themselves or their family members at the property, according to...

Summer Is In Full Swing, But Fruit Prices Remain High

AZE.US Despite the peak summer season, prices for many fruits in Azerbaijan remain high, while vegetables are selling at more affordable rates. According to Vesti Baku,...

Psychologists In Azerbaijan Charge Up To AZN 1,000 An Hour

AZE.US The cost of psychological counseling in Azerbaijan has risen sharply, with some private practitioners and clinics charging as much as AZN 500 to AZN...

Woman Loses Both Car And Money In Azerbaijan Leasing Deal

AZE.US A resident of Azerbaijan’s Tovuz district says she lost both her car and the money she had paid after entering into a vehicle leasing...

Local Producers Shut Out Of Supermarket Shelves

AZE.US Local food producers in Azerbaijan are facing costly barriers when trying to place their products in supermarkets and large retail chains, lawmakers and industry...

Demand For Used Building Materials Rises As New Products Become More Expensive

AZE.US Demand for used construction materials is growing in Azerbaijan as sharp increases in the price of new products push more homeowners and builders toward...

Pawnshop Refuses To Return Jewelry After Debt Is Repaid

AZE.US A resident of Mashtaga settlement in Baku’s Sabunchu district says he has been unable to recover gold jewelry he pledged at a local pawnshop,...

Selling A Taxi Account Could Lead To Criminal Liability

AZE.US Some taxi drivers in Azerbaijan are reportedly registering with two different operators after passing the required exam, then selling or transferring one of their...

The Fastest-Selling Cars In Azerbaijan’s Used Vehicle Market

AZE.US How quickly a car sells in Azerbaijan depends largely on its resale value, fuel efficiency, availability of spare parts and the number of mechanics...

Renting Out An Apartment Without A Contract Can Lead To Debts And Court Disputes

AZE.US Renting out an apartment without a written agreement can expose the property owner to serious legal and financial risks. In the event of a dispute,...

Plastic Bags Double in Price at Azerbaijan Supermarkets

AZE.US Several supermarket chains in Azerbaijan have again raised prices for plastic shopping bags. Depending on their size, polyethylene bags are now sold at checkout for...

Metro Access Can Raise Baku Apartment Prices by Up to 15%

AZE.US Apartments and commercial properties located near metro stations can cost 10% to 15% more than comparable real estate farther away, according to Azerbaijani property...

Bravo Caught Charging More at Checkout Than Shelf Price

AZE.US Azerbaijan’s Bravo supermarket chain has been cited twice after regulators found that some food products were sold at prices higher than those displayed on...

Currency Fines Cut, but Legal Traps for Businesses Remain

AZE.US Azerbaijan has eased penalties for entrepreneurs who fail to return export earnings to the country on time, but the revised rules still leave businesses...

Baku Land Prices Range From 1,500 Manats ($880) To 550,000 Manats ($323,500) Per Sot

AZE.US Land prices continue to rise across Baku, but the gap between the Azerbaijani capital’s districts remains enormous. Depending on location, documentation and permitted use,...

Azerbaijan’s Average Monthly Salary Rises To 1,175 Manats

AZE.US The average monthly nominal salary of employees in Azerbaijan reached 1,175 manats ($691) in January-May 2026. According to the State Statistical Committee, the figure was...

No Construction Company Has the Right to Demolish Homes Without Consent

AZE.US Residents of Baku’s Yasamal district have accused the Bizim Ev housing cooperative of pressure, intimidation and unlawful interference with private property amid an ongoing...

Baku Housing Prices Could Rise By Up To 20%

AZE.US Housing prices in Baku are expected to continue rising as the supply of land available for residential construction shrinks, according to the Azerbaijan Society...

Manat Deposits Outperform Dollars: Which Accounts Pay More

AZE.US Bank deposits in Azerbaijani manats currently offer significantly higher returns than savings held in foreign currency. Economist Khalid Karimli told Demokrat.az that banks are offering...

What Groceries And Breakfast Cost In Baku: A Look At Local Prices

AZE.US The authors of the YouTube channel “Sunny Land” visited several fruit and vegetable stands in Baku’s 8th microdistrict, stopped at an Araz supermarket and...

Rental Prepayment Scam: Students Targeted By Fake Agent In Azerbaijan

AZE.US Two female students in Azerbaijan say they were targeted in a rental scam after responding to an online listing for a country house. According to...

“Golden Warranty” In Electronics Stores: Protection Or A Money Trap?

AZE.US Consumer complaints over additional warranty packages in electronics stores have become more frequent in Azerbaijan, with some buyers saying the service is presented not...

Azerbaijan May Increase Age-Based Social Allowance

AZE.US Azerbaijan may increase the monthly age-based social allowance paid to citizens who are not eligible for a labor pension. At present, citizens who reach 65...

AZAL Considers Expanding Flight Network To China

AZE.US Azerbaijan Airlines, AZAL, is considering the possibility of opening several new routes to China as part of its route network development plans. The airline said...

Mortgage, Seizure or Sales Ban: What to Check Before Buying a Home in Azerbaijan

AZE.US Home buyers in Azerbaijan are being urged to check a property’s legal status before paying an advance deposit, as some buyers only discover problems...

Why Summer Fruits Are Still Expensive in Azerbaijan

AZE.US Summer has arrived in Azerbaijan, but the expected seasonal drop in fruit prices has not followed. This year, prices for several popular summer fruits remain...

Buying Property in Azerbaijan: Documents, Legal Risks and Baku Prices by District

AZE.US Buying property in Azerbaijan can look straightforward. A buyer finds an apartment, negotiates the price, signs a contract and receives the keys. In reality, the...

Azerbaijan’s Economy Stagnates as Tax Revenues Continue to Rise

AZE.US Azerbaijan’s economy recorded no growth during the first five months of 2026, even as tax revenues exceeded government projections, raising questions about what is...

Why Is Azerbaijan’s Black Caviar Producer Operating at a Loss?

AZE.US CMS Properties, an Azerbaijani company involved in sturgeon farming and black caviar production, ended 2025 with a net loss of 2.9 million manats ($1.7...

Who Can Retire Before Age 65 in Azerbaijan?

AZE.US The standard retirement age for both men and women in Azerbaijan is 65, but several categories of citizens may qualify for an early labor...

Meat Prices Could Rise in Azerbaijan

AZE.US Meat prices in Azerbaijan could come under pressure as the country introduces stricter rules for transporting imported livestock. According to the Food Safety Agency of...

Azerbaijan Moves to Create New Investment Mechanism for the Public

AZE.US Azerbaijan is preparing a regulated crowdfunding system that would allow residents to invest small amounts of savings in local businesses, agricultural projects and startups. The...

Chevrolet Cobalt Production to Begin in Azerbaijan in 2027

AZE.US Uzbekistan plans to begin full-scale production of Chevrolet Cobalt cars in Azerbaijan in 2027 as part of an $84.3 million automotive project. A new full-cycle...

Which Jobs Is AI Least Likely to Replace?

AZE.US Artificial intelligence is more likely to transform individual tasks than eliminate entire professions, while jobs that depend on empathy, creativity, leadership and complex human...

86% of One-Day Visitors Used Azerbaijan as a Transit Point

AZE.US Azerbaijan received 16,800 one-day visitors in January-May 2026, up 29.7% from the same period last year, according to calculations based on data from the...

Lower-Cost Sleeping Berths Coming to Baku-Tbilisi Trains

AZE.US Three additional sleeping cars will be added to trains operating on the Baku-Tbilisi-Baku international route from July 10, increasing capacity and offering passengers lower-priced...

Baku Real Estate Prices Rise as Land and Private Homes Lead Gains

AZE.US Real estate prices in Baku continued to increase in June, with land plots and private houses posting the strongest gains. According to market research cited...

Muharram Cuts Gold Sales in Azerbaijan, but Not Prices

AZE.US The start of Muharram in Azerbaijan has led to a seasonal decline in weddings and engagement ceremonies, reducing demand across the country’s jewelry market. Rovshan...

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