HOTEL BUSINESS WEAKLY DEVELOPED IN AZERBAIJAN (?45)

In January, Baku’s construction materials market demonstrated relative stability, though minor changes were observed in different product categories. Prices declined by 0.9%, following a 2.4% decrease in December 2024, indicating a potential market correction and stabilization.

In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.

In January 2025, the lending situation in three Azerbaijani banks changed. The banks revised their interest rates on consumer loans issued in Azerbaijani manats.

In January 2025, the situation with deposit acceptance changed in three Azerbaijani banks. These banks revised the interest rates on traditional deposits placed in Azerbaijani manats.