Economy

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...

Car Prices May Rise Again In Azerbaijan

AZE.US Car prices in Azerbaijan may rise again in the near future amid a sharp decline in imports and weaker supply on the domestic market. According...

Credit Holidays In Azerbaijan: Who Could Get A Payment Deferral?

AZE.US Azerbaijan is again discussing the possibility of credit holidays for borrowers who temporarily cannot meet their loan obligations. The issue concerns people who have lost...

Why Taxi Drivers In Baku Dislike Card Payments

AZE.US Passengers in Baku are increasingly complaining that some taxi drivers refuse orders paid by card or ask for cash after accepting the ride. According to...

Owners Of Small Apartments May Receive Higher Compensation During Demolition

AZE.US Owners of small apartments in Baku may receive higher compensation if their buildings are included in demolition or reconstruction plans. The issue mainly concerns old...

Prices At Baku Bravo: What Has Become Cheaper And What Still Remains Expensive

AZE.US A new price review from a Baku branch of Bravo supermarket shows a familiar picture for Azerbaijani shoppers: some basic vegetables and poultry products...

Cherries Up To 12 Manats: What Is Happening With Prices At Baku Markets?

AZE.US Summer is in full swing at Baku’s food markets, with stalls packed with colorful fruits, fresh herbs and local vegetables. But despite the seasonal...

Economy Is Not Growing, People Face Layoffs, Jafarli Says

AZE.US Azerbaijan’s economy has effectively stopped growing, while prices continue to rise and household incomes are under pressure, economist and REAL Party Political Committee chairman...

These Vehicle Owners To Receive 1,500-2,000 Manats Under Scrappage Program

AZE.US Azerbaijan has already accepted 30,000 vehicles for scrappage since last October, as the country continues its program to remove old and technically unusable cars...

Eggs Sold For 1 Qapik Disappear From Shelves As Prices Rise Again

AZE.US The period of ultra-cheap eggs in Azerbaijan appears to be over. After several days of public discussion over eggs sold for just 1 qapik, less...

Bananas For 1.99 Manats, Cucumbers For 99 Gapiks: Prices In A Baku-Area Supermarket

AZE.US A fresh price review from an Araz Market supermarket in Sumgayit shows how much shoppers are paying for basic food items, from fruits and...

Azerbaijan’s Hybrid Car Price Rise Pushes Buyers Back To Used Cars

AZE.US Hybrid cars are becoming more expensive in Azerbaijan, pushing some buyers back toward used vehicles and raising concerns over the renewal of the country’s...

Central Baku Apartments Have Become Unaffordable As Buyers Look To The Suburbs

AZE.US Demand for housing in settlements around Baku has increased as more residents look beyond the city center, real estate experts say. One of the key...

Credit Debts May Lead To Travel Restrictions In Azerbaijan

AZE.US Overdue credit debts can create serious consequences for borrowers in Azerbaijan, including seizure of property and restrictions on leaving the country. Banking specialist Emin Karimov...

Buy A Ready House Or Build From Scratch: Which Is Cheaper In Azerbaijan?

AZE.US For people in Azerbaijan who want to own a private house, the choice often comes down to two options: buying an existing home or...

Apricots At 5-6 Manats: Why Fruit Remains Expensive In Azerbaijan’s Markets

AZE.US Fruit prices remain high in Azerbaijani markets despite the start of the summer season, frustrating buyers who expected seasonal produce to become cheaper. The increase...

Regular Cars Are Blocking EV Charging Stations In Baku

AZE.US Electric vehicle owners in Baku are facing a growing problem: charging stations exist, but access to them is often blocked by regular cars. Drivers say...

Housing, Parents And Poverty: What Is Behind Azerbaijan’s “Family Values”

By AZE.US Editorial Team In Azerbaijan, the desire to buy an apartment is often described as a cultural habit. People are said to be attached...

Azerbaijan Is Losing Tourists: High Prices, Closed Borders And Empty Hotels

AZE.US Azerbaijan is entering the summer season with a troubling question for its tourism industry: why are fewer visitors coming, while prices remain so high? Journalist...

Skipping A 30-Manat Home Insurance Payment Could Cost You Your Property

AZE.US Many homeowners in Azerbaijan still do not insure their properties, even though mandatory real estate insurance can cost as little as 30 manats, or...

Loans Without a Bank: Why Rates Can Reach 48%

AZE.US Some people in Azerbaijan who cannot get a bank loan, or do not want to go through lengthy banking procedures, turn to non-bank credit...

Are Scalpers Snapping Up Baku-Tbilisi Train Tickets Within Minutes?

AZE.US The newly restored Baku-Tbilisi train route is already facing public frustration, as passengers complain that tickets disappear online within minutes after sales open. According to...

Azerbaijanis Can Travel Visa-Free To 22 Countries: List

AZE.US The issue of visa-free travel opportunities for Azerbaijani citizens has returned to public discussion. Samad Seyidov, chairman of the Milli Majlis Committee on International Relations...

Egg Prices Collapse In Azerbaijan, Some Stores Sell Them For 1 Gapik

AZE.US Egg prices have fallen sharply in Azerbaijan, with some stores selling white eggs for as little as 1 gapik, or less than 1 U.S....

Azerbaijani Man Cannot Sell Car Because Of Previous Owner’s Debt

AZE.US A resident of Azerbaijan’s Gadabay district says he cannot sell a car he bought and officially registered in his name six years ago because...

Azerbaijan Proposes Amnesty For Homes Without Property Documents

AZE.US Azerbaijan may launch an amnesty program for homes without property documents, allowing hundreds of thousands of houses to be legalized in stages. The proposal was...

Can You Get Your Money Back If You Send It To The Wrong Card Through MilliÖN?

AZE.US A small mistake at a payment terminal can turn into a serious financial problem. In Azerbaijan, users of payment terminals such as MilliÖN sometimes face...

Azerbaijan’s Economy Is Too Dependent On Budget Spending, Jafarli Says

AZE.US Economist and opposition politician Natig Jafarli says businesses across different sectors in Azerbaijan are facing the same problem: there is no money in circulation,...

What Foreigners Should Know About Buying Property In Azerbaijan

AZE.US Foreigners can buy property in Azerbaijan, but the first rule is simple: an apartment is not the same as land. A foreign citizen may generally...

Land Plots With Title Deeds Are Getting More Expensive In Azerbaijan: Prices Up 30-40%

AZE.US Demand for land plots with title deeds is rising in Azerbaijan, as buyers increasingly look for legally documented land suitable for building private homes. In...

Buying A Home In A New Building? Here Is What Residents Complain About

AZE.US Buying an apartment in a newly built residential complex in Azerbaijan does not always mean receiving exactly what was promised at the sales stage. Some...

A 2-Manat Taxi Ride Now Costs More Than 4 Manats: Why Fares Are Rising

AZE.US Taxi passengers in Baku say fares have risen noticeably in recent days, with some trips that used to cost around 2-3 manats ($1-$2) now...

Businesses in Azerbaijan Pay for Regulations, but Consumers Pay in the End

AZE.US Economist Natig Jafarli has said that bringing Azerbaijan’s economy out of the shadows requires not only lower taxes, but also less regulatory pressure on...

Azerbaijan Gets an Oil Bonus, but Production Continues to Decline – Jafarli

AZE.US Economist Natig Jafarli has said that higher oil prices are giving Azerbaijan additional revenue, but the country’s deeper problem remains the decline in oil...

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