Sales of Azerbaijani cars increased by 60%
Azerbaijan may soon become one of the most important automakers in the region
Azerbaijani economy
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 …
Azerbaijan manifolds electricity output from renewable sources
The production of electricity from renewable energy sources, including hydropower plants, in Azerbaijan exceeded 2.4 billion kilowatt-hours kWh from January through July 2024 - up 1.32 billion kWh (81.5%) year-on-year Data from the …
SOCAR's rating upgraded with Stable Outlook
Fitch Ratings has upgraded Azerbaijan's State Oil Company (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BB+'. The Outlook on the Long-Term IDR is Stable, the Fitch Ratings press …
Azerbaijan expands route from China to Europe
Azerbaijan's First Deputy Economy Minister Elnur Aliyev and Kyrgyz ambassador to Azerbaijan Maksat Mamytkanov held talks today.
First electric car chargers in Azerbaijan to be made in Aghdam
Aghdam (the Karabakh economic region of Azerbaijan) will begin to produce chargers for electric cars soon. Their production will be the first for all of Azerbaijan. After the launch of the enterprise, 70 new jobs will be created.
Ilham Aliyev: development of relations between Russia and Azerbaijan is extremely important
The interaction between Baku and Moscow is proceeding in a completely problem-free manner
Prospects for Azerbaijan's liberated regions development discussed in Shusha
An event titled "New Opportunities for Entrepreneurs: Let’s Revive Karabakh Together" organized by the Ministry of Economy of Azerbaijan, was held in …
Forecast for Azerbaijan’s 2024 economic growth raised
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
Azerbaijan exported $3.4 billion worth of oil this year
In the first three months of this year, Azerbaijan exported oil worth $3.4 billion. Italy was the leader in supplies.
Azerbaijan continues to increase wages
In the first two months of this year, the average salary in Azerbaijan increased by 11% and amounted to more than $550.
Hikmet Hajiyev: Middle Corridor to ensure growth of Baku-Beijing trade
Full operationalization of the Middle Corridor will enable trade relations between Azerbaijan and China to grow further, head of the Foreign …
Azerbaijan envisages smart approach for green economy development
A clever approach to several measures for the development of green economy in Azerbaijan is planned, Azerbaijan's Deputy Economy Minister Sahib Mammadov …
Azerbaijan and Kabardino-Balkaria strengthening cooperation
Russia’s Kabardino-Balkarian Republic and Azerbaijan plan to cooperate in trade, economic, scientific, technical and cultural sectors. Chairman …
Russian-Azerbaijani forum to be held in Stavropol Territory
The Stavropol Territory will host a forum, which will bring together representatives of business circles from Azerbaijan and Russia. It is planned to hold meetings, presentations and round tables. A cultural program is also preparedfor the guests of the region.
Moscow and Baku reach $4.4 bln in trade turnover last year
The trade turnover between Russia and Azerbaijan reached $4.4 billion last year, Russia's Ambassador to Baku Mikhail Yevdokimov …
Azerbaijan indexes and increases pensions by 11.2%
The Head of the Republic of Azerbaijan signed a decree according to which all types of pension payments were indexed and increased by 11.2%.
Azerbaijan's foreign exchange reserves exceed $66 bln
Azerbaijan's strategic foreign exchange reserves have grown by 17% and will amount to $66.5 billion by the end of 2023, governor of the Azerbaijani Central …
Azerbaijan lowers refinancing rate
The Central Bank of Azerbaijan lowered the discount rate today from 8% to 7.75% According to the bank, the top limit of the interest rate …
