Economy

Free for Women, Paid for Men: Azerbaijan Debates Whether Venue Promotions Are Discriminatory

AZE.US Azerbaijan is seeing a public debate over a common promotional practice used by some beaches, clubs and entertainment venues: free entry or special services...

Students in Baku Keep Rental Apartments Over Summer as Housing Costs Rise

AZE.US Many students in Baku are choosing not to give up their rented apartments during the summer break, as affordable housing near universities becomes increasingly...

Why Are Salaries in Azerbaijan Lower Than in Armenia? Jafarli

AZE.US Azerbaijan should move from complaining about economic problems to taking real action, economist and politician Natig Jafarli wrote on Facebook. Jafarli said the rise in...

Baku Driver Says AzParking Fined Him After Face ID Payment

AZE.US A Baku resident says he was fined by AzParking even though he had activated a paid parking session through the app and confirmed the...

Taxi Prices in Baku Rise 30-40% as Experts Call for Official Explanation

AZE.US Taxi users in Baku are reporting a sharp increase in fares, with prices in popular ride-hailing services rising by about 30-40% since the beginning...

Online Realtors in Azerbaijan: Convenience, Fake Listings and the Risk of Losing a Deposit

AZE.US Azerbaijan’s real estate market is moving online, giving buyers and renters faster access to apartments, homes, offices and land listings. But experts warn that...

Fikret Yusifov Says Azerbaijan’s Economy Is Stuck at Zero Growth

AZE.US Azerbaijan’s economy showed 0% growth in the first five months of the year, a result that should force the government to reconsider its economic...

Baku-Istanbul Ticket at 1,200 Manats: Former Finance Minister Calls for AZAL Audit

AZE.US Former Azerbaijani Finance Minister Fikret Yusifov has sharply criticized the cost of air travel from Baku, saying Azerbaijan’s national airline AZAL needs a serious...

Bought a Car, Then Found Hidden Defects: What Buyers Can Do

AZE.US Complaints over used car sales are rising in Azerbaijan as buyers report serious technical problems that appear only after the deal is completed. In some...

Azerbaijan Borrowers Urged to Ask One Key Question Before Taking a Loan

AZE.US Loans have become easier to access in Azerbaijan, but experts warn that many borrowers in Baku and other parts of the country still take...

Why Baku-Tbilisi Airfares Have Increased

AZE.US Airfares from Baku to Tbilisi have risen sharply for nearby travel dates, with some tickets now reaching 246 manats (about $145). Prices on the route...

Gold Prices Fall in Azerbaijan: What Is Happening in the Market

AZE.US Gold prices in Azerbaijan have fallen noticeably in recent weeks, with sellers saying some items that recently cost more than 200 manats per gram...

Why Sour Green Plum Prices Are Still High in Azerbaijan

AZE.US July is approaching, but sour green plums, known locally as alcha, are still not getting noticeably cheaper in Azerbaijan. The fruit, one of the most...

How Much Do Apartments and Land Really Cost in Baku? Prices

AZE.US Property prices in Baku continued to rise in May, but the official percentage increases tell only part of the story. For buyers, the bigger question...

If Economy Depends on One or Two State Projects, There Is No Economy, Mammadov Says

AZE.US Azerbaijani politician and REAL party co-founder Ilgar Mammadov has sharply criticized the government’s economic policy after official figures showed the country’s economy recorded 0.0%...

Staggered work schedules will not solve Baku traffic jams alone, experts say

AZE.US Staggered work schedules may help reduce traffic pressure in parts of Baku, but they will not solve the capital’s congestion problem on their own,...

Where is vacation cheaper: Azerbaijan or abroad?

As the summer travel season begins, many Azerbaijanis are again weighing a familiar question: is it cheaper to vacation inside the country or travel abroad?

Investors shift from Baku apartments to homes in Azerbaijan’s regions

AZE.US Azerbaijan’s real estate market is seeing a new investment trend: buyers are looking beyond Baku apartments and turning to homes in regions with strong...

Azerbaijan prepares for economy after oil peak

Azerbaijan is preparing for an economy in which oil remains important, but can no longer serve as the country’s only strategic anchor.

Baku prepares shift to staggered work schedules

AZE.US Baku may begin moving to staggered work schedules this year as part of a wider effort to ease traffic congestion in the capital and...

Car insurance in Azerbaijan to cost more for drivers using power of attorney

AZE.US Azerbaijan is changing the way compulsory motor insurance premiums are calculated, with the new rules set to take into account not only the vehicle...

Home Cleaning in Baku: How Much Cleaning Companies Charge

AZE.US Demand for cleaning services in Baku is rising as warmer weather pushes more residents to order window washing, carpet cleaning, post-renovation cleanup and full...

Butter, Sweets and Sausage Prices Rise in Azerbaijani Supermarkets

AZE.US Prices for several everyday food products have risen in Azerbaijani supermarkets, with shoppers and sellers pointing to higher costs for butter, dairy products, sweets,...

Crypto in Azerbaijan: You Can Buy It, but You Can’t Pay With It

By AZE.US Editorial Team Bitcoin was trading near $61,742 on Wednesday, equal to about 104,961 Azerbaijani manats at the official 1.7000 AZN dollar rate. For...

Kebab portions shrink as prices rise in Azerbaijan restaurants, experts say

AZE.US Complaints are growing in Azerbaijan over shrinking kebab portions in restaurants and cafes, with customers saying there are fewer pieces of meat on each...

New vacation pay formula: who in Azerbaijan will receive more

AZE.US Azerbaijan’s updated rules for calculating paid annual leave are expected to protect workers from receiving lower vacation payments after a salary increase or temporary...

Prices are rising, while people are being prevented from working, Jafarli says

AZE.US Rising food prices in Azerbaijan cannot be blamed on bad weather alone, economist Natig Jafarli said, arguing that weak domestic production and barriers facing...

Toxic workplaces are created by leaders, not teams - Fahri Agayev

AZE.US Why do professionals remain in jobs where they are undervalued? Where is the line between demanding management and psychological pressure? And why do strong...

What Can You Buy in Baku Today With a State-Backed Mortgage?

AZE.US A state-backed mortgage in Azerbaijan offers loans of up to 150,000 manats ($88,235) for as long as 25 years. That still sounds substantial, but...

Taxi fares in Baku jump by up to 50%

AZE.US Several major ride-hailing services operating in Baku have sharply increased prices since the start of June. According to local media reports, fares on Yango have...

‘Luxury’ ticket for 231 manats: Passenger criticizes Baku-Tbilisi train

AZE.US A former employee of Azerbaijan Railways has criticized the level of service on the Tbilisi-Baku train, saying his 231 manat ($136) “Luxury” ticket delivered...

Up to 20% of Baku residents live in rented housing

AZE.US Around 18% to 20% of Baku residents live in rented homes, while the share is estimated at 15% to 20% in Sumgayit and Ganja,...

Cigarette Prices May Rise in Azerbaijan

AZE.US Cigarette prices in Azerbaijan may increase again in the coming days, with retail prices expected to rise by about 0.20 to 0.30 manat ($0.12...

Company directors could face travel bans over corporate customs debt

AZE.US Azerbaijani company directors could face temporary travel restrictions over unpaid customs debts owed by their businesses, a provision that financial lawyer Akram Hasanov says...

Azerbaijan’s mortgage limits fall far behind soaring home prices

AZE.US Buying a home with a mortgage has become increasingly difficult in Azerbaijan as property prices rise faster than state-backed lending limits. The rules themselves have...

Milk at 25 Gapiks: Why Azerbaijani Farmers Are Operating at a Loss

AZE.US Azerbaijani dairy farmers say buyers are offering as little as 0.25 manat, or about $0.15, per liter of raw milk, a price they say...

Cherries at 12 Manats: Why Seasonal Fruit Prices Are Not Falling in Azerbaijan

AZE.US Summer fruit has arrived in Azerbaijan’s markets, but the seasonal price drop many shoppers expected has yet to happen. Cherries are selling for as much...

Azerbaijani banks are issuing loans to borrowers as old as 73

AZE.US Some banks in Azerbaijan are offering consumer loans to borrowers up to the age of 73, in some cases without requiring a guarantor or...

Baku demolition compensation rises to 2,700 manats per square meter

AZE.US Compensation for properties demolished under redevelopment projects in parts of Baku has risen from 1,500 manats to 2,700 manats per square meter, but property...

Money Sent to Your Card by Mistake: Why You Should Not Spend It

AZE.US A large sum appearing unexpectedly in a bank account does not make the account holder its legal owner, even if the money is already...

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