Economics - 2024
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In an effort to stimulate agricultural growth and promote cooperation, the Agency for Agricultural Credit and Development, together with the Food and Agriculture Organization of the United Nations (FA...
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Recent decisions by the Cabinet of Ministers of Azerbaijan to introduce new regulations for taxi operations have raised eyebrows and prompted questions regarding privacy, scientific rationale, and pot...
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In the energy sector of Azerbaijan, another step has been taken towards the development of renewable energy sources - a new structure has been created - the Technical Committee for Standardization of...
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This year, within the framework of the "Year of Solidarity for a Green World", the foundation of four new power plants powered by renewable energy sources (RES) will be laid in Azerbaijan. This was an...
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The insurance sector in Azerbaijan is experiencing a notable surge in activity, marking a significant departure from the sluggish performance witnessed in the preceding year. In the first two months o...
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The Central Bank of Azerbaijan (CBA) recently announced a reduction in the discount rate from 7.75 to 7.25 percent, citing considerations of actual versus projected inflation, stabilization of inflati...
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The Central Bank of Azerbaijan (CBA) held a currency auction on Thursday, which facilitated the sale of 94.6 million dollars to banks, fully satisfying the banks' request for this amount. This figure...
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In a recent development, the Central Bank of Azerbaijan decided to reduce the discount rate, prompting analysis from deputy economist Vyugar Bayramov. Notably, Bayramov highlighted two significant asp...
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The Central Bank of Azerbaijan (CBA) has reaffirmed its inflation forecast for 2024, maintaining a projection of 5.3% for the year. This announcement comes against the backdrop of ongoing economic ana...
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In a move aligned with forecasts from international analysts, the Central Bank of Azerbaijan (CBA) announced a reduction in the discount rate from 7.75% to 7.5%. Additionally, the upper limit of the i...
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Azerbaijan and Turkmenistan have expressed their desire to co-operate in the field of insurance. This was announced following a meeting between the executive director of the Azerbaijan Insurers Associ...
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In the first months of the year, there were intriguing shifts and fluctuations in the export of Azerbaijani oil. According to data published by the State Customs Committee of Azerbaijan, in January-Fe...
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Visa and Mastercard, two longstanding giants dominating the payment card market, have reached agreements to slash interbank fees. This pivotal moment, occurring on March 26, marks the conclusion of ne...
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The Heydar Aliyev International Airport in Baku experienced a significant surge in passenger traffic during the past days of the Novruz holiday. From March 20 to 27, 2024, the airport experienced an i...
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As speculation mounts within the financial community, international analysts are betting on a further reduction in Azerbaijan's discount rate. According to forecasts from the Trading Economics economi...
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Azerbaijan, known for its rich oil and gas reserves, is now making waves in the renewable energy sector, with a significant increase in solar and wind energy production observed in the first two month...















