Economics - 2023
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Azerbaijani President Ilham Aliyev has given his approval to the 2024 budget of the Compulsory Medical Insurance Fund (CHI), as disclosed in an official document published on the head of state's websi...
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In a strategic maneuver, Azerbaijan emerges as a potential acquirer of the LUKOIL Neftochim Burgas refinery in Bulgaria, following the Bulgarian parliament's decision to curtail the use of Russian oil...
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In a move to bolster regional entrepreneurship and stimulate economic activity, Azerbaijan's Milli Majlis (Parliament) has approved a significant 75% reduction in real estate tax for hotels, resorts,...
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By his decree, President of Azerbaijan Ilham Aliyev approved the budget of the State Oil Fund of the Republic of Azerbaijan (SOFAR) for 2024 Budget revenues were approved in the amount of 12,073,25...
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In a significant development, Azerbaijan has implemented stricter regulations on currency exchange, requiring citizens seeking transactions exceeding $500 from currency exchangers to provide additiona...
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The Cabinet of Ministers amended the "List of permits, the issuance, suspension, renewal, or cancellation of which must be notified to the tax authorities." Prime Minister Ali Asadov, by signing t...
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In a strategic move that echoes shifting dynamics in the European oil sector, Baku is open to exploring the acquisition of LUKOIL Neftochim Burgas, a prominent Bulgarian oil refinery, should a concret...
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President Ilham Aliyev has ratified the Law "On the Subsistence minimum in the Republic of Azerbaijan for 2024", which fixes adjustments to the subsistence minimum for various socio-demographic groups...
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In a projection that echoes global economic sentiments, experts anticipate a decline in economic indicators for Azerbaijan in 2024. Worldwide, a consistent surge in food prices is attributed to the gr...
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As a result of the legislative step, the Milli Majlis, the Parliament of Azerbaijan, adopted in the third reading a bill expanding the powers of commercial courts. The proposed amendment to the Code o...
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The ambitious Anaklia port project in Georgia has become a symbol of political turmoil and geopolitical maneuvering, as accusations fly about the deliberate obstruction by the ruling Georgian Dream pa...
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The Central Bank of Azerbaijan (CBA) has taken decisive steps to enhance regulatory oversight in the realm of currency exchange activities, as outlined in the recent approval of new licensing paramete...
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Asera Group, an Azerbaijani company with a rich portfolio covering Russia, Azerbaijan, Kazakhstan, Uzbekistan and other countries, intends to implement a major investment initiative in the Republic of...
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Azerbaijan has become the leader in grain imports from the Stavropol Territory of Russia, securing a significant lead with a significant 467.3 thousand tons. This impressive figure is followed by Arme...
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The Russian Kurgan meat processing giant Standard has made a breakthrough into the Azerbaijani market by starting deliveries of premium beef stew. According to the press service of the enterprise, mo...
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In the period from January to November 2023, the insurance sector of Azerbaijan showed a surge: thanks to the cooperation of 20 well-known insurance companies, the total amount of insurance premiums a...















