Azerbaijan's Commodity Exports Decreased by 18.5% in the First Half of 2024, While Imports Remained Stable

Despite regional economies showing signs of recovery, Azerbaijan's economic performance continues to lag behind both its neighbors in Europe and Central Asia, as well as the average growth rates of developing countries globally. Recent data from the United Nations Department of Economic and Social Affairs (UNDESA) underscores a sharp divergence between Azerbaijan’s projected economic trajectory and that of comparable countries, noted economist Gubad Ibadoglu.

The Central Bank of the Republic of Azerbaijan aims to enact green bond legislation by year-end, Chairman Taleh Kazimov announced on Thursday during a roundtable discussion at Baku Climate Action Week focused on personal finance.

Azerbaijani President Ilham Aliyev inaugurated several new enterprises and toured ongoing construction projects in the Zangilan district on Thursday, marking significant strides in the region’s post-occupation recovery.

Azerbaijani President Ilham Aliyev on Thursday inaugurated several new enterprises and inspected ongoing construction projects in the Jabrayil district, recently liberated from occupation.