Economy

AZE.US REAL party chairman Natig Jafarli said in an interview on Prime TV that Baku and the Absheron peninsula have become overloaded because too much of Azerbaijan’s economic activity, jobs and business opportunities were concentrated in one place. Jafarli argued that the problem goes beyond traffic or the visible pressure on the city. In his … Read more

AZE.US As construction and road projects increase across Azerbaijan, demand for heavy equipment rentals is also growing. For many business owners, buying an excavator, bulldozer, crane or груз truck outright is too expensive, making rentals the more practical option. That has also created an opportunity for investors who buy large machinery in cash or on … Read more

AZE.US Homes without official ownership documents will not be connected to the gas network for now, as Azerbaijan’s gas distribution authorities say there has been no change in the rules despite growing public discussion around the issue. The debate intensified after reports circulated that homes lacking formal title documents could still be supplied with gas … Read more

AZE.US Azerbaijan’s meat market has entered a noticeably weaker period, with demand for beef and lamb falling after the holiday season despite some easing in prices. Butchers say sales have dropped sharply. Where several animals could once be sold in a single day, volumes have now fallen to a minimum. According to sellers, even beef … Read more

AZE.US Heavy rains in Baku caused serious damage to businesses, with many shops and commercial facilities flooded and large volumes of goods left unusable. Business owners say the damage was extensive. In some locations, water remained inside premises for days, ruining merchandise, furniture, equipment and other property. In several торговых areas, business activity was effectively … Read more

AZE.US In Azerbaijan, individuals selling residential property are generally subject to a simplified tax. But in practice, the amount – or even whether any tax is paid at all – depends on several key factors, including registration period, apartment size, and location. The most important exemption applies to residency. If a person has been officially … Read more

AZE.US A bridge across Baku Bay is often presented as an appealing idea that could shorten travel times and reduce pressure on the city center, but experts say the project is unlikely to offer a real answer to Baku’s traffic problems. The concept has been discussed for years because it seems to promise a direct … Read more

AZE.US Renting a car in Azerbaijan may become more expensive if insurance rules are tightened for vehicles used in the rental market. The discussion comes after mandatory insurance premiums were raised for taxis, based on the argument that vehicles used for passenger transport pose a higher risk of causing damage to other people’s property or … Read more

AZE.US Young goat meat is currently selling for 18-20 manats ($10.6-$11.8) per kilogram in Azerbaijan, with vendors saying demand has picked up in recent years even though it still trails lamb. Butchers and market sellers say the product has been drawing more interest because of its soft texture and distinct taste. Depending on the point … Read more