Economics - 2024
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive...
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State...
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Proper...
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announc...
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The first industrial explosives plant commissioned by “AzerGold” CJSC's subsidiary, “AzerBlast” LLC, has commenced full-scale operations in Ganja. The facility, established through a public-private pa...
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After the price increase of Ai-92 gasoline and diesel fuel in Azerbaijan at the beginning of July this year, some drivers are complaining about increased fuel consumption. They claim that they used to...
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs,...
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments co...
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This mee...
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Azerbaijan's Ministry of Energy hosted a regular meeting of the commission established by the Presidential Decree on additional measures for renewable energy projects. The commission, chaired by Energ...
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Azerbaijani Prime Minister Ali Asadov signed a decree on July 25 aimed at optimizing the integration and management of financial data across various government agencies. The new measures, outlined in...
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A presentation of the 2024 Roadmap for improving Internet utilities, part of the World Bank Group's "Favorable Business Environment" project, took place in Baku, officials said on Thursday.
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A strategic partnership agreement was signed in Baku today between Green Capital Management, a UAE-based company with Azerbaijani investments, and the Qatari company Al Baladi Holdings. The document w...
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Azerbaijan and Serbia convened today in Baku for the 8th meeting of their intergovernmental commission on trade and economic cooperation. The session was co-chaired by Azerbaijan’s Minister of Labor a...
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President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with Chairman of the Board of the Kazakh National Company KazMunayGas Askhat Khasenov to discuss issues of ex...















