Economy

AZE.US Rising tensions in the region have led to the cancellation of flights and travel packages, creating new challenges for travelers seeking refunds from airlines and hotels. According to tourism expert Rahman Guliyev, many Azerbaijani citizens traveling through regional hubs such as Dubai and Doha have faced difficulties returning home after flight disruptions. While some … Read more

AZE.US Rising tensions in the region could affect the supply and pricing of goods imported from Iran, though experts say the overall impact on Azerbaijan’s market is likely to be limited. Iranian products – particularly butter, vegetable oils, confectionery, nuts and cleaning supplies – are widely available in Baku’s grocery stores. Consumers say the main … Read more

AZE.US The volume of non-performing loans (NPLs) in Azerbaijan has risen again, signaling growing financial strain among borrowers. As of February 2026, problem consumer loans increased by approximately 6% compared to January and by more than 17% year-on-year. In the business lending segment, the increase reached roughly 18%, according to recent data cited by local … Read more

AZE.US A new round of mortgage lending is set to begin in Azerbaijan this week, with the Mortgage and Credit Guarantee Fund allocating fresh limits to authorized banks for 2026. According to official information, applications will open in two stages: Standard mortgages – starting March 5 Concessional (preferential) mortgages – starting March 6 at 11:00 … Read more

AZE.US Growing tensions in Iran are beginning to ripple across the Azerbaijani market, raising concerns among small and medium-sized businesses that rely on cross-border trade. For years, Iran has remained an important supplier of everyday goods to Azerbaijan – from plastic household products to food items such as dried fruits, nuts, rice and sweets. Many … Read more

AZE.US A noticeable slowdown has set in across Azerbaijan’s car market. Vendors who once struggled to handle weekend crowds now describe a sharp drop in foot traffic. In some segments, sellers outnumber buyers. Traders say demand has weakened particularly in the used-car sector. While sales have not collapsed, the pace has clearly softened compared to … Read more

AZE.US For years, Turkish online marketplaces were a go-to option for many Azerbaijani shoppers. Lower prices, a wide selection and a weak Turkish lira made ordering from Turkey an easy decision. That advantage is now fading. In recent months, consumers in Azerbaijan have noticed that prices on Turkish e-commerce platforms have climbed. In some categories … Read more

AZE.US In parts of Baku, a parking space now costs as much as a small apartment. Garage units in central residential complexes are being sold for 50,000-60,000 manats (approximately $29,000–$35,000), with some listings reaching 100,000 manats (around $59,000). The highest prices are concentrated in downtown districts. According to real estate expert Nofel Guliyev, the garages … Read more