Economy

Women’s Retirement Age In Azerbaijan Rises To 65, Matching Men’s

AZE.US As of July 1, the retirement age for women in Azerbaijan has increased to 65, bringing it in line with the retirement age for...

Why Seasonal Fruit Prices Are Not Falling In Azerbaijan

AZE.US Summer fruit season has arrived in Azerbaijan, but prices at markets and stores remain high, frustrating many buyers who expected seasonal produce to become...

White City, Port Baku And Sea Breeze: Which Districts Are Driving Property Prices Higher

AZE.US Baku’s real estate market continues to move upward, with demand increasingly shifting from the traditional city center toward new urban clusters such as White...

Why Are Azerbaijan’s Land Borders Still Closed? Jafarli Asks

AZE.US Azerbaijani economist and politician Natig Jafarli has once again raised the issue of Azerbaijan’s closed land borders, questioning the official explanations used to justify...

Used Cars Are Not Losing Value: What Is Happening in Azerbaijan’s Auto Market?

AZE.US In many countries, a new car begins to lose value almost immediately after leaving the dealership. In markets such as Germany, the United States,...

Horse Meat Found In Sausage Products In Azerbaijan

AZE.US Azerbaijan is again discussing the quality of meat products after food safety inspections found horse meat in some sausage products. According to Vesti Baku, the...

Housing Is Becoming a Luxury for Young Families in Azerbaijan

AZE.US Housing affordability in Azerbaijan has sharply worsened in recent years, creating growing pressure on young families and people planning to marry. The issue is no...

Artificial Caviar Served As Natural Product In Azerbaijani Restaurants And Wedding Halls

AZE.US Azerbaijani restaurants and wedding halls have been found serving artificial caviar to customers under the label of natural caviar, according to the country’s food...

Realtors Charge 1%, 2% And Even 3%: Why Azerbaijan’s Property Market Needs Regulation

AZE.US Azerbaijan is again discussing the need for clearer regulation of real estate agents. For many people who want to buy, sell or rent a...

Sharia-Compliant Insurance: How Takaful Will Work in Azerbaijan

AZE.US Azerbaijan has begun introducing Islamic insurance, known as takaful, a new product for the local market that differs from the traditional insurance model and...

300 Manats Is Not Enough: How Much Does One Month Of Life Really Cost In Azerbaijan?

AZE.US Azerbaijan’s official living minimum is again under public scrutiny as rising prices continue to widen the gap between formal calculations and the real cost...

Where to Buy Affordable Land With Documents Near Baku: Areas and Prices

AZE.US As apartment prices in Baku continue to rise sharply, building a private house has become a more affordable alternative for many families, especially young...

Azerbaijan Must Become Regional Leader In AI, Mehriban Aliyeva Says

AZE.US First Vice-President of Azerbaijan Mehriban Aliyeva chaired the first meeting of the country’s Digital Development Council on June 29, outlining artificial intelligence, cybersecurity and...

More Cars Than Buyers: Prices Fall on Azerbaijan’s Auto Market

AZE.US Azerbaijan’s auto market is seeing weaker-than-expected activity this summer, with supply outpacing demand and some sellers cutting prices below cost. Eyyub Aliyev, chairman of the...

Problem Loans in Azerbaijan Top 635 Million Manats

AZE.US The volume of problem loans in Azerbaijan continues to rise, with overdue credit reaching 635.4 million manats, or about $374 million, as of June...

Why Banks In Azerbaijan Refuse To Accept Old Dollar Bills

AZE.US Banks in Azerbaijan are increasingly refusing to accept old, worn or slightly damaged U.S. dollar banknotes, causing frustration among people trying to exchange foreign...

Luxury Villas Outside Baku Reach 1 Million Manats

AZE.US The most expensive homes outside Baku are now concentrated in regions of Azerbaijan with strong tourism potential, including Gabala, Gusar, Ismayilli, Lankaran and Shaki. According...

Can Employees Split Their Annual Leave Into Parts?

AZE.US Many employees prefer not to use all of their annual leave at once and instead take vacation days in several parts throughout the year....

New Features Added to AzParking App

AZE.US The AzParking mobile app has been updated with new features aimed at simplifying registration, payment and daily parking operations for drivers. According to Vesti Baku...

Why Cherries Cost Up to 18 Manats ($10.59) at Baku Markets

AZE.US Seasonal cherries are selling at sharply different prices across Baku markets, with some varieties reaching 18 manats ($10.59) per kilogram, according to Baku TV. Vendors...

Hand-to-Hand Trading Banned at Baku’s 8th Kilometer Market

AZE.US A dispute has emerged at Baku’s 8th Kilometer market after a group of women said they were no longer allowed to sell goods from...

CASCO And Mandatory Auto Insurance May Be Combined In Azerbaijan

AZE.US Azerbaijan’s insurance market has begun new legal discussions on the possible integration of voluntary CASCO insurance with mandatory motor liability insurance. The debate comes amid...

Undervalued And Overvalued Real Estate Prices May Come Under Review In Azerbaijan

AZE.US Azerbaijan may introduce a new control mechanism for real estate purchase and sale transactions. The proposal involves mandatory preliminary valuation in cases where the price...

Ordinary Eggs May Be Sold As “Village Eggs” In Baku Stores

AZE.US Some eggs sold in Baku stores as “village eggs” may in fact be ordinary eggs presented in a way that attracts buyers and allows...

Cheap Cars Can Cost Buyers Dearly: Lawyer Warns Of Legal Risks

AZE.US Buyers in Azerbaijan are being warned not to rush into purchasing cars offered at suspiciously low prices without checking the vehicle’s documents and legal...

Tomatoes Cost Farmers 20 Gapiks, But Sell For Up To 2 Manats In Baku

AZE.US Tomatoes are being sold by farmers in Azerbaijan’s regions for as little as 20-30 gapiks per kilogram, while prices on Baku markets reach 1.5-2...

Watermelons and Melons Get Cheaper at Azerbaijani Markets

AZE.US Watermelons and melons are becoming cheaper at Azerbaijani markets as more local produce reaches stalls and summer demand rises. Although the summer season has only...

Taxi Drivers Ask Passengers To Cancel Orders: Why They Avoid Doing It Themselves

AZE.US Taxi passengers in Baku say they increasingly face a familiar situation: a driver accepts an order, then calls a few minutes later and asks...

Azerbaijan’s Economy Has Slowed, But There Is No Catastrophe, Jafarli Says

AZE.US Azerbaijan’s economy is slowing, but alarmist claims about an imminent economic collapse do not reflect the real picture, economist Natig Jafarli said during an...

Borrowers Want To Close Loans Early: When Can A Bank Demand Compensation?

AZE.US Some borrowers in Azerbaijan say they face difficulties when trying to repay bank loans ahead of schedule. According to citizens, in some cases banks demand...

Demand For Influencers And Bloggers Is Growing In Azerbaijan’s Job Market

AZE.US Azerbaijani companies are increasingly posting vacancies for influencers and bloggers, reflecting a shift in how businesses approach marketing and customer engagement. What was once mostly...

Imports Of Hybrid And Electric Cars To Azerbaijan Fall By Half After Customs Benefits End

AZE.US Imports of hybrid and electric vehicles to Azerbaijan have fallen sharply after the expiration of customs benefits for such cars. State Customs Committee Chairman Shahin...

Azerbaijan Tightens Control Over Online Orders As Customs Targets Abuse Of Personal Imports

AZE.US Azerbaijan’s customs authorities are tightening control over online purchases from abroad as the volume of e-commerce imports continues to grow. State Customs Committee Chairman Shahin...

Drivers Warned About AzParking Fines: 15 Minutes Do Not Work The Way Many Think

AZE.US Drivers in Azerbaijan have been reminded of the rules for using the AzParking system, as confusion continues over the 15-minute free parking period. One of...

Owners Of Undocumented Homes Told How They Can Obtain Deeds

AZE.US More than 500,000 undocumented homes are believed to exist on the Absheron Peninsula, making property registration one of the most difficult issues in Azerbaijan’s...

What Is Hidden Behind The Word “Shpik” In “Halal” Sausage?

AZE.US Consumers in Azerbaijan are increasingly paying attention to the composition of sausages and processed meat products, but many still do not fully understand what...

WhatsApp Messages May Be Used As Evidence Of Debt In Azerbaijan

AZE.US WhatsApp messages, SMS correspondence, bank transfers and other electronic evidence may be used in court in Azerbaijan in debt disputes, even if the parties...

Building Materials Prices Rise In Azerbaijan

AZE.US Prices for timber and plywood have increased in Azerbaijan as demand grows during the peak construction season. Global lumber prices have also continued to rise,...

Azerbaijan To Simplify Registration Of Undocumented Homes

AZE.US Azerbaijan plans to bring all real estate, including land plots, into a single electronic system regardless of ownership type. Under proposed amendments to the Land...

Technical Glitch Causing Duplicate Card Charges Fixed In Azerbaijan

AZE.US A technical glitch that caused duplicate charges on the accounts of some bank customers in Azerbaijan has been resolved. The Central Bank of Azerbaijan said...

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