In July, SOFAR Increased Currency Sales Threefold Compared to the Previous Year

The State Statistics Committee has reported a decline in Azerbaijan's grain production for the first half of 2024, with output totaling 1.96 million tons of grain and legumes, including corn. This represents a 5.6% decrease compared to the same period last year.

Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.

Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.

Azerbaijan has initiated the measurement of offshore wind energy potential as part of its strategy for offshore wind energy development. This effort, detailed in the "Strategy for Socio-Economic Development of the Republic of Azerbaijan for 2022-2026," is advancing with preliminary measurements nearing completion in designated areas.