Economy

Aze.US Azerbaijan’s State Tax Service has reminded taxpayers of their legal obligations in combating money laundering and terrorist financing, warning that violations may result in significant administrative fines. The State Tax Service under the Ministry of Economy continues awareness efforts aimed at improving taxpayers’ understanding of legal requirements related to anti-money laundering (AML) and counter-terrorist … Read more

Aze.US Plant-based milk alternatives are now two to three times more expensive than traditional dairy in Azerbaijan, with demand remaining limited due to high prices and import dependence. Plant-based milk alternatives priced at up to 10 manats (about $5.90) per liter are increasingly visible in major supermarkets across Azerbaijan.Coconut, almond, soy, and banana-based drinks cost … Read more

Aze.US The sharp increase in housing prices in Baku is driven not only by construction costs but also by taxes, land prices, credit rates, and falling real incomes. The rapid rise in apartment prices in Azerbaijan has become a major topic of public discussion.Most construction companies in Baku are currently implementing so-called “pilot projects,” demolishing … Read more

Aze.US Consumers in Azerbaijan are increasingly facing significant delays in receiving parcels ordered from abroad, with some shipments taking more than a month to arrive. Buyers say items that previously reached the country within days are now stuck in customs for weeks, while responses from delivery support services remain limited or unclear. In some cases, … Read more

Aze.US Ride-hailing users in Baku are increasingly facing canceled trips, even as many taxi drivers complain about declining demand and worsening working conditions. Drivers say one of the main reasons for cancellations is the economic imbalance of certain rides. Long pickup distances combined with relatively low fares can make trips financially unviable, prompting drivers to … Read more

Aze.US Shoppers in Baku are increasingly encountering oranges imported from Turkey and Iran, reflecting a widening gap between domestic supply and consumer demand. Vendors say imported fruit offers more consistent volume, appearance, and year-round availability, making it the primary source for retailers. Prices vary by size and quality, but dependence on foreign supply means local … Read more

Aze.US Online purchases in Azerbaijan could soon become more expensive as lawmakers consider applying value-added tax (VAT) to goods ordered remotely through foreign digital platforms. Under the proposal discussed in parliament, non-resident online marketplaces with annual turnover exceeding $10,000 would be required to register for tax purposes within 30 days and begin paying VAT in … Read more

Aze.US Demand for chicken meat increased significantly in Azerbaijan in 2025, reflecting shifting consumer behavior amid changing economic conditions. According to the State Statistics Committee, retail meat sales rose 44.7% year-on-year, exceeding 188 million manats. At the same time, buyers are increasingly choosing poultry over beef, driven largely by price differences. Butchers report weakening purchasing … Read more

Aze.US In 2025, Azerbaijani citizens traveling overseas directed most of their spending toward transportation, lodging, and dining, according to statistical data cited by Valyuta.az. The bulk of these expenditures was concentrated in two destinations – Turkey and Russia. More than 745 million manats were spent on transportation services alone. Of that total, 285 million manats … Read more