Iran's investments in Azerbaijan amount to about $372 million
Iran invested more than $370 million in Azerbaijan last year, marking a decline in the amount of investments compared to 2023.
Azerbaijani economy
Azerbaijan's industrial zones' 2024 production nearly reaches $2 bln
Azerbaijan's industrial zones produced goods worth nearly $2 billion, with exports totaling more than $640 million last year, Azerbaijani Prime Minister Ali Asadov said. He emphasized that new investment incentives are mainly …
Azerbaijan increases persimmon exports in January
In the first month of the year, Azerbaijan increased its persimmon exports. Last year, the country exported $114 million worth of the fruit.
Azerbaijan’s foreign trade increases by 70% in January
Azerbaijan’s foreign trade turnover reached over $5 billion in January 2025, according to the Azerbaijani State Customs Committee. This …
State Oil Fund of Azerbaijan invests nearly 35 mln euro in Italian company
The State Oil Fund of Azerbaijan (SOFAZ) has invested 34.5 million euro in Italy's leading high-speed railway operator "Italo". …
Azerbaijan quadruples butter exports to Russia
Since the beginning of the year, Russia has imported more than 900 tons of butter from Azerbaijan, which is four times higher than the figures recorded in January last year.
Russia-Azerbaijan trade turnover rises by 10% in year
Trade turnover between Russia and Azerbaijan reached $4.749 billion in 2024, according to the State Customs Committee of Azerbaijan. In 2023, …
Azerbaijan exports over a million tons of chemical products
Chemical exports brought Azerbaijan almost $300 million last year, with the country shipping over 1 million tons of products abroad.
Central Bank forecasts Azerabijan's economic growth in 2025
The Central Bank of Azerbaijan forecasts the country's economy to grow by 3.3% in 2025, the bank's chairman Taleh Kazimov said. According to him, Azerbaijan's economy grew by 4.1% in 2024, growth in non-oil products …
Azerbaijani Central Bank keeps refinancing rate unchanged
The Central Bank of Azerbaijan made a decision to leave the refinancing rate unchanged at the level of 7.25%. According to …
Azerbaijan invests $20bln in Turkish economy
Azerbaijan has invested over $20 billion in Türkiye so far, Azerbaijani Foreign Minister Jeyhun Bayramov said at a joint press conference with Turkish Foreign Minister Hakan Fidan in Baku. “Several projects are …
Georgia and Azerbaijan to agree on economic cooperation
Georgian Prime Minister Irakli Kobakhidze will pay visit to Azerbaijan on Friday, the country’s governmental press service reported. The PM will co-chair a session of the Georgia-Azerbaijan Intergovernmental Commission on …
Azerbaijan supplied 43 bln cubic meters of gas to EU
Gas supplies to Europe from Azerbaijan are growing
Growth forecasts for Caucasus and Central Asia states revised up
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
Azerbaijan boosts agricultural exports to nearly $1bln
Azerbaijan boosted exports of agricultural and agro-industrial products 15.9% year-on-year to $989 million in January-November 2024, the Azerbaijani center for analyzing economic reforms and communications reported. The share of …
Azerbaijan-Russia Business Council holds meeting in Baku
The meeting of the Azerbaijan-Russia Business Council was held in Baku on December 2. In addition to officials, the event was attended by representatives of more than 90 members of the Council - institutions and organizations working in …
Cotton leads in Azerbaijan's non-oil exports in 2024
Experts named which goods formed the basis of Azerbaijan's non-oil exports in 2024. The country's main income came from the sale of cotton.
Sales of Azerbaijani cars increased by 60%
Azerbaijan may soon become one of the most important automakers in the region
Azerbaijan world’s 2nd top persimmon exporter
© Photo: Maria Novoselova/ Vestnik Kavkaza In recent years, Azerbaijan has seen its persimmon exports grow. The country has become the 2nd largest exporter of the sweet berry in the world. In …
Azerbaijan and Uzbekistan agree on energy, logistics and construction
Azerbaijan and Uzbekistan have exchanged signed agreements in various sectors, Azerbaijani Economy Minister Mikail Jabbarov said. “The Uzbek-Azerbaijani business forum hosted a ceremony of exchange of signed …
