The Russian government's decision to impose a six-month ban on the export of gasoline starting from March 1 has stirred concerns within Azerbaijan's energy sector. With Azerbaijan heavily reliant on gasoline imports, particularly from Russia, questions arise about the potential impact of this ban on domestic fuel prices and the country's broader energy strategy.
The Agency for the Development of Small and Medium-sized Businesses (KOBIA) in Azerbaijan intends to allocate more than 290,000 manats for the creation of a modular office within the framework of the «KOB dostu» initiative, according to information received from the public procurement portal.
The combination of opportunities in the growing e-commerce sector stimulated productive discussions between the Ministry of Economy of Azerbaijan and a high-level delegation from Alibaba, the e-commerce giant of China. Against the backdrop of Azerbaijan's strategic ambitions to diversify the economy and promote exports, the dialogue highlights concerted efforts to harness the potential of digital platforms to expand trade and investment opportunities.
The Central Bank of Azerbaijan (CBA) reports on the downward line of dollarization in the country's banking sector. The latest monetary policy report reveals a significant reduction in the level of dollar-denominated deposits among individuals and legal entities, underscoring evolving dynamics in monetary policy and financial behavior.