Number of tourists visiting Azerbaijan dropped by 5.1%

Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.

A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.

The Cabinet of Ministers of the Republic of Azerbaijan approved amendments on July 17 to the list of goods, services, and tariffs regulated by the state, as well as adjustments to import and export customs duties. These changes, guided by Article 119, paragraph 8 of the Constitution of Azerbaijan, aim to streamline economic activities and improve the regulatory framework.

Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.