Economy

Land And House Prices Surge Across Azerbaijan’s Regions

AZE.US Land and private house prices have risen sharply across Azerbaijan’s regions, with the biggest increases reported in areas seen as attractive for tourism and...

Can Banks Charge Interest On Interest When A Loan Is Overdue?

AZE.US An overdue loan in Azerbaijan can quickly become more than a missed payment. For some borrowers, the debt grows in layers: the principal amount,...

An Oil Country Without Its Own Motor Oil: What Rising Prices Reveal About Azerbaijan’s Market

AZE.US Azerbaijan exports oil, but many Azerbaijani drivers still rely on imported motor oil for their cars. That contradiction is now becoming more visible at...

Onion Prices Collapse In Azerbaijan, Leaving Farmers In Losses

AZE.US Onion prices in Azerbaijan have collapsed to 6.5 qapiks per kilogram on the wholesale market, creating serious losses for farmers and raising fresh questions...

Small Loans Are Being Closed With Bigger Ones: How To Avoid A Debt Trap

AZE.US For many families in Azerbaijan, credit has become part of ordinary life. People borrow for weddings, furniture, home repairs, dowries, apartments, restaurant expenses and other...

One Code And The Money Is Gone: How Azerbaijanis Fall For Card Fraud

AZE.US Bank card fraud is becoming a growing problem in Azerbaijan, and the latest figures show how quickly the risk is spreading. According to Central Bank...

Leasing Or Loan: Which Is Better For Buying A Car In Azerbaijan?

AZE.US More car buyers in Azerbaijan are looking beyond traditional bank loans and considering leasing as an alternative way to purchase a vehicle. At first glance,...

Where Is Gold Cheaper In Azerbaijan: Baku Or The Regions?

AZE.US Gold prices in Azerbaijan are back in focus after another round of market fluctuations. Sellers say prices have risen slightly again after a recent...

Water Prices In Azerbaijan May Rise As Authorities Prepare Country For Conservation

AZE.US Water in Azerbaijan is moving beyond the category of an ordinary utility issue. When Agriculture Minister Majnun Mammadov says around 70% of the country’s water...

Tax And Fine Increases Are Not Saving Azerbaijan’s Budget, They Are Choking The Economy, Jafarli Says

AZE.US The Azerbaijani government is misreading the country’s economic problem and responding with measures that make the situation worse, REAL party chairman Natig Jafarli said...

Working Pensioners In Azerbaijan May Receive Two Pension Increases

AZE.US Some working pensioners in Azerbaijan may receive two separate pension increases this year, according to MP and economist Vugar Bayramov. Bayramov said all types of...

Guests Fed Horse Meat? Scandal Erupts At Baku Banquet Hall

AZE.US A food safety scandal has erupted in Baku after Azerbaijan’s Food Safety Agency, known as AQTA, said horse meat was found during an inspection...

Azerbaijan Moves To Bring Pawnshops Out Of The Gray Zone: What It Means For Borrowers

AZE.US Azerbaijan is preparing new rules to regulate pawnshops, as authorities move to bring a loosely supervised lending market under clearer legal control. The regulatory framework...

Can A Small Loan Help Start A Business In Azerbaijan?

AZE.US Starting a small business with a bank loan is possible in Azerbaijan. But possible does not always mean safe. Interest in small entrepreneurship has grown...

Hourly Pay In Azerbaijan: Real Reform Or A Cosmetic Change?

AZE.US Azerbaijan may soon return to the idea of introducing an hourly wage system, a proposal that officials say could help workers receive fairer pay...

Daun Burger In Baku: When Inclusion Begins With The Wrong Word

AZE.US A new fast-food restaurant opened on Nizami Street in Baku on May 7 with a mission that should have been easy to support. Daun Burger...

Baku To Unite Metro, Buses And Taxis Under One Management System

AZE.US Baku is moving to bring metro, bus and taxi services under one management system, in one of the most significant reorganizations of the capital’s...

Lamb Prices May Rise To 23 Manats Ahead Of Eid Al-Adha

AZE.US Lamb prices in Azerbaijan may rise to 23 manats per kilogram ahead of Eid al-Adha, as seasonal demand adds fresh pressure to a meat...

Why Banks In Azerbaijan Refuse Loan Applications

AZE.US More people in Azerbaijan are applying for loans, but not everyone is approved. Banks and financial institutions review each application individually and may reject...

Buying An Undocumented House In Baku Can Lead To Losing The Property

AZE.US Buying a house without proper documents in Baku can turn into a serious legal risk, with buyers potentially losing both their money and the...

How To Check For Fake Medicines In Baku Pharmacies

AZE.US Concerns over the quality of medicines sold in pharmacies have grown in Azerbaijan in recent years, with some customers saying that drugs they previously...

Heir Found Deposit Contract, But Bank Did Not Return The Money

AZE.US Azerbaijani lawyer Akram Hasanov has warned bank depositors about a court case involving an old deposit that, according to him, was not returned to...

Used Tires Rise Sharply In Azerbaijan As Drivers Shift Away From New Ones

AZE.US Used tire prices in Azerbaijan have risen sharply in recent months as more drivers turn to the secondhand market amid higher prices for new...

Land Prices In Azerbaijan’s Regions May Rise By Up To 20%

AZE.US Real estate prices are continuing to rise across Azerbaijan’s regions, with land plots, houses and apartments becoming less affordable in areas that were once...

Baku Taxi Drivers Say Stands Are Being Replaced By Paid Parking

AZE.US Taxi drivers in Baku are complaining that dedicated taxi stands are being reduced in areas with heavy passenger traffic, with some locations being turned...

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