Economy

BTC Oil Flows Through Turkey Fall 8.3% in January-August

Oil transported through the Turkish section of the Baku-Tbilisi-Ceyhan pipeline fell 8.3% year over year to 127.893 million barrels in January-August 2026.

Azerbaijan Apartment Prices Could Rise 10-15% Under New Energy Rules

Energy certificates will become mandatory for new, reconstructed and extensively renovated buildings in Azerbaijan from Jan. 1, 2027, potentially raising construction costs and apartment prices.

Azerbaijani Businesses Increasingly Consider Moving Abroad, Economist Says

Economist Natig Jafarli says Azerbaijani entrepreneurs increasingly discuss moving operations to Georgia, Uzbekistan, Kazakhstan or other countries instead of expanding at home.

Global Diesel Shortage Could Persist Through 2027

Diesel supplies could remain tight through much of 2027 as inventories fall across the United States, Europe and Asia, leaving markets vulnerable to further disruptions.

Azerbaijan Plans New Rules for Homemade Food Sales

Azerbaijan plans to regulate homemade food sold through markets, stores, social media and restaurants, but certification rules and fees have not yet been approved.

Baku Residents Lose Years of Their Lives in Traffic Due to Officials’ Mistakes

By AZE.US Baku residents are losing years of their lives in traffic because of poor road planning and mistakes made by officials, Tural Abbasli, chairman...

Uzbekistan Weighs Role in Railway Through Nakhchivan

Uzbekistan is studying possible participation in a railway through Nakhchivan that would provide access to the Turkish ports of Samsun and Istanbul.

Three Countries Bought 71% of Azerbaijan’s Oil Exports

Italy, the Czech Republic and Romania received 10.46 million metric tons of Azerbaijani oil worth $6.52 billion in January-August.

ASCO Dry Cargo Shipments Rise 43% to 1.25 Million Tons

Azerbaijan Caspian Shipping Company’s dry cargo fleet carried 1.252 million tons in January-August, up 43% from a year earlier.

Georgia Doubles Spending on Azerbaijani Oil Imports to $102 Million

Georgia imported 101,043 metric tons of oil and petroleum products from Azerbaijan for $102 million in January-August 2026, doubling the value of the shipments.

Azerbaijan Gold Output Forecast Cut to 26,000-30,000 Ounces

Anglo Asian Mining lowered its 2026 gold-production forecast in Azerbaijan to 26,000-30,000 ounces while keeping its copper and silver targets unchanged.

One-Bedroom Apartment Prices in Sumgayit Jump to 65,000 Manats

One-bedroom apartments in older Sumgayit buildings that cost 55,000-58,000 manats two months ago are now listed for 60,000-65,000 manats.

Azerbaijanis Could Borrow From Pension Savings at 0-1%, Economist Proposes

Economist Natig Jafarli has proposed allowing Azerbaijanis to borrow 5,000-10,000 manats from their own pension accounts at zero or near-zero interest, while Fikret Yusifov backed calls for greater clarity over ownership and inheritance rights.

Digital Services May Become More Expensive Under New VAT Rules

New rules change how foreign digital platforms pay VAT in Azerbaijan. Whether consumers pay more will depend on whether providers absorb the tax or add it to their prices.

Wage Rises Mean Little When Prices Climb Faster - Ex MP

Economist Vahid Ahmadov says rising prices, weak regional employment and Baku’s economic concentration remain among Azerbaijan’s most pressing social challenges.

Azerbaijan Provides Jobs to 3,723 Returning Karabakh Residents

Azerbaijan says 3,723 returning residents have found work in Khankendi, Khojaly, Khojavend and Aghdara, with hundreds more receiving training or awaiting placement.

BTC Pipeline Exports 13 Million Tons of Oil in First Half

The Baku-Tbilisi-Ceyhan pipeline exported about 13 million metric tons of oil and condensate in the first half of 2026, equal to roughly 94 million barrels.

Why More Azerbaijanis Are Choosing Chinese Cars Over German Models

Chinese cars are gaining ground in Azerbaijan through lower prices, richer equipment and warranties, while German premium brands retain a loyal following.

Azerbaijan’s Grape Harvest Falls by Half as Autumn Fruit Season Begins

Autumn fruits are reaching Azerbaijani markets, but a sharp decline in grape production could keep prices elevated until the end of the season.

Borrow 500 Manats, Repay 710: Alyoglu Criticizes Azerbaijan’s Fast-Loan Market

A 500-manat short-term loan can require repayment of 710 manats under certain terms, a 42% increase over the amount received, journalist Elchin Alyoglu said.

Up to 700,000 Undocumented Homes: Which Could Be Legalized or Demolished?

Azerbaijan may have between 500,000 and 700,000 homes without full legal documentation. An expert is proposing a property amnesty, but not for buildings in dangerous or prohibited zones.

Azerbaijan Builds Two Hydropower Plants in Aghdara With 15 MW Capacity

AzerEnergy is building two hydropower plants with a combined capacity of 15 MW in Azerbaijan’s Aghdara district while converting the Hasanriz substation to digital equipment.

Azerbaijan to Index Pensions in 2027; Minimum Wage Could Also Rise

Azerbaijan will index labor pensions for about 1.1 million people in 2027. The minimum wage could also rise, but no new rate has been approved.

Azerbaijan’s 2027 Budget: Revenue at 39.2 Billion Manats, Spending at 42.4 Billion

Azerbaijan’s proposed 2027 state budget projects revenue of 39.23 billion manats and spending of 42.4 billion manats, leaving a deficit of 3.17 billion manats.

Baku Taxi Fare Doubles From 10 to 20 Manats

A trip that previously cost 10-12 manats can now reach 20 manats, even outside the traditional rush hour.

Azerbaijan’s Fishing Season Opens: Prices for Zander, Carp and Trout

Azerbaijan’s fishing season has opened, bringing more fresh local fish to markets, but vendors say demand remains weaker than expected.

Azerbaijan Ships 19,000 Tons of Urea to France

AZE.US Azerbaijan exported urea to France for the first time in the period covered by publicly available statistics, shipping 19,062 tons worth $5.7 million in...

Nakhchivan’s 25 MW Shams 1 Solar Plant Secures 8 Million Manat Loan

AZE.US PAŞA Bank has provided about 8 million manats ($4.7 million) to finance the 25-megawatt Shams 1 solar power plant in Nakhchivan. Once operational, the...

Azerbaijani-Uzbek Fund Joins $340 Million Hospital Project

AZE.US The Azerbaijan-Uzbekistan Investment Company is participating in a multidisciplinary hospital project worth up to $340 million in Uzbekistan’s Fergana region, while the EBRD is...

Azerbaijan Proposes Loans Secured by Future Farm Harvests

AZE.US Azerbaijani farmers could obtain financing before the growing season by pledging sales proceeds or part of their future harvest under a new bill consisting...

EBRD Portfolio in Azerbaijan Falls to €888 Million

AZE.US The European Bank for Reconstruction and Development’s current portfolio in Azerbaijan stood at €888 million as of July 31, down €4 million from the...

How Much Do Homemade Pickles Cost in Azerbaijan?

AZE.US Azerbaijan’s winter food-preservation season is underway, with markets offering homemade pickles made from cabbage, cucumbers, eggplants, garlic, sour plums, cornelian cherries, sour cherries and...

Which Homes Will Be Demolished in Baku? Districts and Streets Named

Baku’s demolition program is expected to cover all 12 districts, with Bayil, Badamdar, Montin, Keshla and several major streets among the locations named.

Azerbaijan’s Average Salary Projected to Reach 1,551 Manats by 2030

AZE.US Azerbaijan’s average monthly nominal salary is projected to rise from 1,288.3 manats ($758) in 2027 to 1,551.5 manats ($913) by 2030, according to a...

Container Traffic Through Baku Port Jumps 22% to 85,000 TEU

AZE.US Container traffic through the Port of Baku increased by 22% in January-August 2026, exceeding 85,000 twenty-foot equivalent units, or TEU. Total cargo handling surpassed 5.5...

Same Price, Less Food: How Restaurants Adjust Portion Sizes

By AZE.US Restaurants can reduce the size of a dish instead of raising its price, but customers should be clearly informed about the change and...

Baku Traffic Could Collapse Within Three Years, Former Minister Warns

By AZE.US Baku could face near-total traffic paralysis within two or three years if the number of vehicles continues to rise at its current pace,...

Azerbaijan’s 1.2% Growth Rate Signals Economic Stagnation, Experts Say

One of the central problems is the lack of private and foreign investment.

Taxi Fare Mismatch: Passenger Sees 5 Manats, Driver Sees 7

By AZE.US Taxi passengers in Azerbaijan are reporting cases in which the fare displayed in their app differs from the amount shown to the driver,...

Baku Garages Are Now Selling for the Price of an Apartment

By AZE.US A garage in Baku can still be found for 14,500-20,000 manats ($8,500-$11,800), but documented properties in sought-after areas are being listed for as...

Latest news