Economy

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...

Ilgar Mammadov calls for abolishing Azerbaijan’s Economy Ministry

AZE.US Azerbaijani politician and public figure Ilgar Mammadov has proposed abolishing the Ministry of Economy and redirecting its funding toward a business ombudsman and independent...

220 buildings and 15 hotels are under construction at Sea Breeze - Agalarov

AZE.US About 220 buildings with a combined area of 4.5 million square meters are under construction at the Sea Breeze resort near Baku, businessman and...

Wedding rush drives up gold prices in Azerbaijan

AZE.US Gold prices are rising in Azerbaijan as families rush to hold weddings and engagement ceremonies before the start of Muharram. Muharram begins on June 16,...

New Taxes Will Hit Poor and Middle Class, Abbasli Says

AZE.US New taxes and mandatory payments will place the greatest burden on low-income families and the middle class, according to Tural Abbasli, chairman of Azerbaijan’s...

Baku Apartment Rents Set to Rise: When Prices Are Expected to Increase

AZE.US Apartment rents in Baku are expected to rise most sharply in August and September, when students return to the capital and demand for affordable...

Baku-Tbilisi train proposed for extension to Batumi

AZE.US The recently restored Baku-Tbilisi passenger train should be extended to Batumi, creating a direct rail connection between the Caspian and Black Sea coasts, transport...

Driverless Cars Could Appear in Baku as New Rules Move Through Parliament

AZE.US Azerbaijan is preparing a legal framework for the use of autonomous vehicles, with a draft law now under discussion in the Milli Majlis. Under the...

Baku woman says she bought apartment on 12th floor of 11-story building

AZE.US A Baku resident says she bought an apartment on the 12th floor of a building that was ultimately built only up to 11 floors,...

When can credit debt lead to losing your home?

AZE.US Credit problems can put borrowers at risk of losing property in Azerbaijan, but that usually happens only after a long period of missed payments...

New buildings get pricier, older apartments back in demand

AZE.US Rising housing prices in Baku are changing what buyers look for, with older apartments returning to demand as new buildings become increasingly expensive. Buyers who...

Baku taxi users report growing problem with incorrect pickup locations

AZE.US Residents of Baku say they are increasingly encountering a frustrating issue when ordering taxis through mobile apps: drivers are being directed to the wrong...

Azerbaijan looks to turn $7.5 billion energy deals into wider economic leverage

AZE.US Azerbaijan is seeking to turn a new package of energy and investment agreements worth about $7.5 billion into broader economic and political leverage, officials...

Why cherry prices remain high in Azerbaijan

AZE.US Cherry prices in Azerbaijan remain high despite the start of the season, with sellers pointing to bad weather, damaged orchards and higher delivery costs. At...

State should not be afraid of wealthy citizens, Jafarli says

AZE.US REAL Party leader Natig Jafarli said Azerbaijan’s economy needs stronger private business, real competition and richer citizens, not deeper dependence on state support. Speaking in...

Traveling to Georgia With Your Own Car: An Alternative Option Emerges

AZE.US A new travel option is being discussed in Azerbaijan for people who want to visit Georgia and still use their own car during the...

Why Azerbaijan Cannot Fully Meet Its Own Wheat Demand

AZE.US Azerbaijan’s rising wheat imports from Russia have brought the issue of food security and domestic grain production back into public debate. In the first three...

Gold Demand Falls In Baku Even After Prices Decline

AZE.US Gold sellers in Baku say demand has weakened in recent months, even after prices for some gold products declined. Vesti Baku reports that the local...

From 40 To 800 Manats A Day: How Much It Costs To Rent A Summer House

Demand for summer houses in Baku, Absheron and Azerbaijan’s tourist regions is rising again as the season begins. Daily rental prices start from about 40-50 manats ($24-$29), while more expensive properties can cost up to 800 manats ($471) a day.

Buyers Of New-Build Apartments May Lose Up To 10% Of Space

AZE.US Buyers of new-build apartments in Azerbaijan are increasingly facing a familiar problem: the apartment they pay for is not always the same size as...

More Than 200 Baku Families Still Waiting For Homes After Demolition

AZE.US More than 200 families in Baku are still waiting for apartments years after their homes were demolished under a pilot redevelopment project, according to...

Cashback Rates Fall As Banks Rethink Card Rewards

AZE.US Azerbaijani banks are quietly scaling back cashback offers that once helped push customers toward card payments and cashless transactions. Many banks had used cashback programs...

Toll Roads Raise New Questions In Azerbaijan

AZE.US Azerbaijan’s network of toll roads is expanding, with the Ahmadbayli-Fuzuli-Shusha highway now put into operation as a toll road. The Azerbaijan State Agency of Automobile...

Parvizi: 500 Manats Covers Only Basic Needs In Azerbaijan

AZE.US Many people in Azerbaijan have jobs and receive regular salaries, but still do not feel economically secure, economist Farhad Parvizi told Vesti Baku. He said...

Taxi Fleets In Azerbaijan Are Being Put Up For Sale

AZE.US Taxi fleets in Azerbaijan are appearing on classified websites as ready-made businesses for sale, a sign that some operators no longer see the sector...

Motor Oils In Azerbaijan Rise Sharply Again

AZE.US Motor oils for cars have risen sharply again in Azerbaijan, adding another cost pressure for drivers already facing higher vehicle maintenance expenses. Market specialists say...

Raising Livestock in Azerbaijan Is Becoming Less Profitable

AZE.US Raising livestock for meat is becoming less profitable for farmers in Azerbaijan as feed prices rise, hay becomes harder to find and the number...

Older Cars May Drop By Up To 15% In Azerbaijan’s Used Car Market

AZE.US Azerbaijan’s used car market is showing signs of slower activity, with sellers waiting for buyers and prices coming under pressure in several older vehicle...

Azerbaijan Raises Wheat Imports As Bread Price Risks Grow

AZE.US Azerbaijan increased wheat imports in the first four months of 2026, a move officials and experts link to food security concerns and the country’s...

Smoked Fish Prices Rise In Azerbaijan As Salmon Reaches 35-40 Manats

AZE.US Smoked fish prices have risen in Azerbaijan, with the sharpest increase seen in imported products. Markets and stores still offer a wide range of smoked...

More Than 4,000 Jobs Closed In Azerbaijan In Three Months

AZE.US Azerbaijan recorded the closure of 4,200 jobs in the first three months of 2026, according to figures cited in local reporting on the labor...

Aliyev Says Azerbaijan Has Enough Gas For Another 100 Years

President Ilham Aliyev said Azerbaijan’s gas reserves are sufficient for at least another century, as Baku used Energy Week to underline its role in regional and European energy security.

U.S. Official Caleb Orr Visits Azerbaijan Ahead Of First Economic Dialogue

AZE.US U.S. Assistant Secretary of State for Economic, Energy and Business Affairs Caleb Orr is in Azerbaijan for a working visit, the State Department said. Orr’s...

Where Azerbaijani Citizens Can Travel Without A Visa

AZE.US Azerbaijani citizens can travel to a number of countries without obtaining a visa in advance, under either bilateral agreements or unilateral visa-free arrangements introduced...

Architects’ Union Has Become Symbol Of Moral Decline, Elchin Aliyev Says

AZE.US Azerbaijani architect Elchin Aliyev has sharply criticized the current state of the Architects’ Union of Azerbaijan, saying the organization has become, in his words,...

Land In Central Lankaran Reaches 50,000 Manats Per 100 Square Meters

AZE.US Real estate prices are rising in Lankaran, one of Azerbaijan’s main southern cities, as demand grows for homes near the sea, apartments in central...

Azerbaijan’s Car Market Slows As Passenger Vehicle Imports Fall 40.7%

AZE.US Azerbaijan’s car market is showing clear signs of slowdown, with sellers in Baku complaining of weak demand, falling prices for some models and fewer...

Construction Materials Become More Expensive In Azerbaijan

AZE.US Warmer weather has brought more construction and repair activity across Azerbaijan, but it has also exposed another problem for households and builders: construction materials...

Demand For Older Apartments Rises In Azerbaijan

AZE.US Demand for apartments in older residential buildings has grown sharply in Azerbaijan in recent months, reflecting a shift in buyer behavior on the country’s...

Minimum Wage Should Exceed 660 Manats, Azerbaijani Lawmaker Says

AZE.US The debate over weekly salary payments in Azerbaijan has returned from time to time, but one lawmaker says the country’s more urgent problem is...

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