Azerbaijan's Consumer Market  is Growing

The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.

Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.

The Azerbaijan Banks Association (ABA) announced that, in accordance with the recommendations of the Central Bank of Azerbaijan and in collaboration with the Azerbaijan Microfinance Association (AMFA), all outstanding credit obligations of the victims of the Azerbaijan Airlines (AZAL) flight Baku-Grozny, which crashed on December 25, 2024, have been fully written off by banks and non-bank credit organizations. This initiative was entirely funded by the respective financial institutions.

The Cabinet of Ministers of Azerbaijan has approved regulations for maintaining a unified registry of grants received on behalf of the state or government. The decision, made on January 7, 2025, aligns with amendments to the country’s grant laws and aims to ensure transparency, systematic management, and effective reporting of grants.