Economics - 2024
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President Ilham Aliyev of Azerbaijan has issued a decree resulting in the liquidation of the State Commercial Insurance Company Azərsığorta OJSC. The decree, signed today, rescinds a previous directiv...
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The Cabinet of Ministers in Azerbaijan has granted approval for the payment structure related to vehicle disposal, benefits applicable to vehicles designated for disposal, and the corresponding lump s...
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Azerbaijan's national air carrier, AZAL, has officially joined the United Nations Global Compact, as revealed by the press service of Azerbaijan Airlines CJSC. This significant move aligns with the ai...
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In a press conference today, Central Bank Chairman Taleh Kazimov addressed concerns over the refusal of certain banks in Azerbaijan to accept old-style US dollars, shedding light on the issue and disp...
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Decades after the Soviet era, Azerbaijan continues to grapple with the issue of unprivatized real estate, leaving numerous properties without a designated owner. Metin Einullaev, the head of the State...
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Azerbaijan's strategic foreign exchange reserves closed the year 2023 at an estimated $68.5 billion, marking a significant 17% surge, announced Central Bank Chairman Taleh Kazimov during a press confe...
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The Central Bank of Azerbaijan (CBA) has identified key risks to consumer prices in the country, highlighting potential threats that could affect inflation in 2024, reads a statement on the discount r...
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Azerbaijan is set to streamline the entire process of apartment purchases within Housing and Construction Cooperatives (HBC) through a comprehensive single electronic platform, according to statements...
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In a virtual ceremony, the Ministry of Economy of Azerbaijan and the Islamic Development Bank (IDB) officially signed the "Memorandum of Understanding on the Preparation of the Framework for National...
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A Financial Times investigation claims that disguised Russian fuel is being delivered to European buyers and allegedly even to the US military via Turkey's "Dörtyol" terminal in Hatay province. Acc...
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From 1 February, car owners will pay an annual recycling fee to the newly created "Car Recycling Fund". The levy will be charged annually when passenger cars undergo mandatory technical inspections....
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The Head of the State Property Service, Metin Einullayev, announced on Tuesday that proposals on measures to attract private investment in major state-owned companies and enterprises will now be submi...
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AzerGold CJSC, a prominent player in Azerbaijan's mining sector, reported a significant milestone at a press conference addressing the outcomes of 2023 and future initiatives. According to Zakir Ibrag...
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In 2023, Azerbaijan experienced a substantial surge in property rights registrations for real estate, marking a remarkable 24.9% increase, as announced by Nigar Alimova, the Chair of the Board of the...
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In recent weeks, Azerbaijan's financial sector has been rocked by reports that some exchange offices and banks are refusing to accept old-style US dollars combined with offers below established exchan...
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In a bid to enhance economic ties and promote non-oil products, Azerbaijan is set to increase the number of its trading houses in China to six by the end of 2024, as announced by Yusif Abdullayev, Exe...















