Economics

Azerbaijan's economy demonstrated robust growth from January to November 2024, with gross domestic product (GDP) rising by 4.7% compared to the same period last year, according to government data. By...

A recent report by the World Bank titled “Breaking Barriers for Women’s Employment in Azerbaijan” sheds light on the significant gender imbalance in the country’s labor market. While both men and wome...

Azerbaijan's consumer price index rose by 4.4% in November 2024 compared to the same month in 2023, driven by higher costs for food, beverages, and services, government data showed on Tuesday.

Kazakhstan has unveiled plans to develop five major cross-border trade and transport hubs to enhance connectivity and boost economic ties with neighboring countries, Trade and Integration Minister Arm...

BAKU, Dec 11 (Reuters) - Azerbaijan recorded a $4 billion surplus in its current account balance in the third quarter of 2024, representing 7.2% of GDP, Samir Nasirov, Director of the Central Bank's S...

Meat production in Azerbaijan increased to 491,400 tons in live weight from January to October 2024, up 1.2% compared to the same period last year, according to the State Statistics Committee. However...

The International Bank of Azerbaijan (IBA) will hold an online shareholders' meeting on Dec. 13 to vote on increasing the bank's charter capital, approving a revised charter, and establishing a new in...

On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor...

In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth,...

In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens...

Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, i...

Azerbaijan’s government is open to the possibility of raising external borrowing volumes within the country’s $10 billion debt ceiling by 2030, according to an informed source in the government, speak...

In a year marked by shifts in agricultural fortunes, Azerbaijan reported a significant increase in cotton exports for the first eleven months of 2024. According to the Ministry of Agriculture, the cou...

This year, Azerbaijan has experienced a significant increase in passenger traffic: from January to November, 3,230,224 travelers arrived from 41 countries, marking a 32.9% increase compared to the sam...

The Azerbaijani government anticipates fluctuations in the production of propylene, a key raw material for plastics and related products, in the coming years. According to the country's socio-economic...

Kazakhstan has achieved significant growth along the Trans-Caspian International Transport Route (TITR), with cargo volumes increasing by 68% and container shipments soaring 2.7 times during the first...