Economy

Loan At 13%, But 26% In The End: Why Borrowers Fall Into The Trap

AZE.US Problem loans are increasing in Azerbaijan, and they are growing faster than the country’s overall credit portfolio. According to figures as of February 1, the...

Divorce And A House Without A Title Deed: Who Has The Right To A Share?

AZE.US Property disputes often become one of the most difficult parts of divorce in Azerbaijan. The issue becomes even more complicated when the family home...

Taxi Permit Adds To Car Prices In Azerbaijan As Sellers Market Vehicles As Ready For Work

AZE.US Cars advertised with taxi permits are increasingly being sold at higher prices in Azerbaijan, as sellers try to market them not just as vehicles,...

Could AI-95 Gasoline Become More Expensive In Azerbaijan Because Of The Hormuz Crisis?

AZE.US The crisis around the Strait of Hormuz has brought energy security back into focus. Before the current tensions, a significant share of global oil...

New-Build Homes In Azerbaijan Rose 13.1% In One Year

AZE.US Housing prices in Azerbaijan are still climbing, with new-build apartments leading the market’s latest rise. According to official figures cited by the İqtisadi Zona program,...

Individual Gas Boilers To Be Restricted In New Baku High-Rises

AZE.US Azerbaijan is moving to limit the use of individual gas heating systems in new residential buildings, a change that could reshape how apartments are...

In Baku, Renting An Electric Car Is Now Almost Like Renting A Scooter

AZE.US Electric cars in Baku can now be rented almost as easily as electric scooters: through a mobile app, without visiting a rental office or...

Cigarette Prices May Rise In Azerbaijan

AZE.US Cigarette prices in Azerbaijan may rise in the coming months after European Tobacco-Baku, one of the country’s long-standing tobacco producers, began liquidation. The company had...

Azerbaijan’s Meat Market Faces A Systemic Problem

AZE.US Azerbaijan’s meat market is facing a problem that has been building for years: local production is weakening, livestock numbers are falling and imports are...

Azerbaijan Prepares New Rules For Real Estate Insurance

AZE.US Azerbaijan may revise the way mandatory real estate insurance is calculated, shifting toward a more differentiated model that takes account of the actual characteristics...

“Under 35” And “Women Only”: How Job Ads Filter Out Applicants

AZE.US For many job seekers in Azerbaijan, the first barrier appears before the interview even begins. A candidate may have a diploma, experience and the energy...

Car Dealership, Powers Of Attorney And 23 Vehicles: A Strange Scandal Emerges In Baku

AZE.US A dispute involving a car dealership in Baku has raised fresh questions about vehicle sales, powers of attorney and the risks buyers face when...

Daily Rentals In Baku: How Much A Night Costs Across The Capital

AZE.US Baku’s short-term apartment rental market is no longer just a side business for a few landlords. Listings on major property platforms show a steady...

Border Stop Over Debt: When Is It Legal, And When Does It Become Abuse?

AZE.US In Azerbaijan, a growing number of citizens with bank debts are learning about travel bans only when they arrive at the airport or border....

Car Leasing In Azerbaijan: Drive Today, Overpay Tomorrow

AZE.US Car leasing is becoming increasingly popular in Azerbaijan, offering drivers a way to get behind the wheel without paying the full price of a...

Azerbaijan Cuts Rental Tax to 10%, But Raises Fines for Non-Registration

AZE.US Azerbaijan has reduced the tax rate on residential rental income for individuals from 14% to 10%, while sharply increasing fines for those who fail...

Azerbaijan Tests Drone For Delivering Cargo To Ships

AZE.US Azerbaijan has tested a new drone designed to deliver small cargo to ships in the Caspian Sea, a move that could open the way...

Mortgage In Azerbaijan: Loans Are Available, But Affordable Homes Are Becoming Scarcer

AZE.US Mortgage lending in Azerbaijan is showing signs of strain as home prices rise faster than many buyers’ ability to finance a purchase. According to figures...

Azerbaijan’s Minimum Wage Could Move Closer To 550 Manats

AZE.US Azerbaijan’s minimum wage could move closer to 550 manats if the government moves ahead with a proposal to bring the lowest pay level closer...

Who Owns The Parking Spaces Under Baku Apartment Buildings?

AZE.US A debate over parking spaces in apartment buildings has resurfaced in Baku, as residents complain that underground parking areas in new residential complexes are...

Azerbaijan Introduces Speed Limits On Toll Roads

AZE.US Azerbaijan is introducing speed limits on toll roads, ending the assumption among some drivers that paying for a road gives them the right to...

Money At Interest: Where Azerbaijan Draws The Line Between A Loan And A Business

AZE.US Lending money at interest may look like a simple private arrangement, but in Azerbaijan it can quickly become a legal problem if the terms...

Baku Restaurants Begin Limiting Table Time: Order More Or Leave

AZE.US Some restaurants and cafes in Baku have begun limiting how long customers can remain at a table without placing a new order, a practice...

Garage Prices In Baku Have Risen By Nearly 100%

AZE.US Garage prices in Baku have nearly doubled over the past five years, as rising demand and a shortage of available parking spaces continue to...

Internet Prices Are Rising In Azerbaijan

AZE.US Internet pricing is back in focus in Azerbaijan as customers complain that current tariffs are too high for many household budgets and do not...

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