Economics - 2024
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in internat...
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts a...
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for R...
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name,...
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In the first half of 2024, geopolitical factors continued to dictate infrastructure development as Russia pushed forward with the western segment of the North-South Transport Corridor, placing special...
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As Azerbaijan navigates a challenging economic transition, the banking sector's stability and strategic changes are drawing significant attention. The first half of 2024 has seen notable developments,...
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Azerbaijan's fuel-energy sector continues to hold a pivotal position within the country's economy, contributing significantly to national income. However, this sector is also grappling with unique cha...
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Azerbaijan's 12-month inflation rate stood at 1.1% in June 2024, according to the State Statistical Committee. The average annual inflation rate for the first half of 2024 was recorded at 0.7%, markin...
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Many freight drivers (TIR drivers) report that they are unable to obtain the necessary permits to transport goods to other countries. The drivers, currently waiting at the Astara Customs Terminal of t...
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Azerbaijan witnessed a significant growth in investments during the first half of 2024, reflecting the government's efforts to avoid economic downturns similar to those seen in 2009 and 2016. The gove...
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Following the recent agreement to expand the strategic partnership between Gazprom and Azerbaijan's state oil company SOCAR, Azerbaijan has faced mounting protests and backlash from several quarters,...
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Azerbaijan's Ministry of Energy held a high-level meeting with a delegation from the German energy company Uniper on August 28, discussing a range of topics including gas supply, energy security, and...
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), and Karsten Popping, Chief Commercial Officer of Uniper SE, met to discuss ways to deepen their strategic partn...
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A State Agency for Anti-Monopoly and Consumer Market Control under the President has been established, based on the State Service for Anti-Monopoly and Consumer Market Control under the Ministry of Ec...
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Sadiq Aliyev, Chairman of the Board of the State Employment Agency (DMA) under the Ministry of Labour and Social Protection, visited the Chovdar Integrated Regional Processing Area (CHIRES) in Dashkas...
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"Azergold" Closed Joint-Stock Company (CJSC) has commenced the second phase of geological research at the Tutkhun gold manifestation located in the Kalbajar district, part of the Eastern Zangazur econ...















