Azerbaijan and Türkiye increase mutual trade volumes by 31%
Azerbaijan and Türkiye are strengthening the development of mutual trade. Last year, the countries achieved a record trade turnover and increased volumes by almost $2 billion.
Azerbaijani economy
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Russia and Azerbaijan sign bilateral cooperation 2024-2026 roadmap
Russian Deputy Prime Minister Alexei Overchuk and Azerbaijani Deputy Prime Minister Shahin Mustafayev signed a roadmap on the main areas for enhancing Azerbaijani-Russian cooperation, the Azerbaijani government's press service said. …
Azerbaijan's 2023 trade turnover with Russia revealed
Trade turnover between Russia and Azerbaijan at the end of 2023 amounted to $4.358 bln, which is 17.5% more than in 2022, the Azerbaijani …
Azerbaijan to tame sun
Azerbaijan will build two solar power plants by the end of 2024, Azerbaijani Energy Minister Parviz Shahbazov wrote on X. Such an agreement was reached following the visit of the United Arab Emirates President to Baku and the signing of …
Azerbaijan becomes one of leading destinations for investors
Azerbaijan is among the top ten priority markets for foreign investors. This happened due to the country's stable macroeconomic indicators.
Ilham Aliyev amends Law on Banks
President of Azerbaijan Ilham Aliyev has signed a law on amendments to the Law of the Republic of Azerbaijan "On Banks". According to the …
Azerbaijan and Türkiye increasing trade turnover
Türkiye is Azerbaijan's second-largest economic partner, with a mutual trade transaction of $7.2 billion in January-November 2023, Azerbaijani …
How much Türkiye invested in Azerbaijan's economy?
Türkiye has invested $15.2 billion in the Azerbaijani economy, chairman of the Board of the Small and Medium Business Development Agency under the Azerbaijani Economy Ministry Orkhan Mammadov said. According to him, $11.7 billion …
UK plans to expand cooperation with Azerbaijan
Azerbaijan and the UK discussed issues of economic cooperation at a high level
Azerbaijan's GDP quadruples in last years
Azerbaijan's GDP has quadrupled over the past 20 years, and budget revenues have grown more than 30 times, Azerbaijani Economy Minister Mikayil …
Türkiye aspires to invest in Azerbaijan's liberated territories
Türkiye is interested in participating in business projects implemented in industrial parks in the territories of Azerbaijan liberated from occupation. The Economic Zones Development Agency of Azerbaijan noted that a meeting was …
Russia, Azerbaijan strengthen ties in economy, tourism
The authorities of Azerbaijan and Russia are preparing "road maps" to strengthen and intensify bilateral cooperation in the field of economy and tourism
Azerbaijan may introduce digital manat
The Central Bank of Azerbaijan (CBA) has all the resources and opportunities to introduce digital manat, the CBA governor Taleh Kazimov said during a press …
Azerbaijan's Central Bank keeps discount rate
The Central Bank of Azerbaijan (CBA) has left its discount rate at 9%, the regulator said in a statement. "The lower and …
Azerbaijan increases export potential
Azerbaijan's export potential has increased 5-6 times in recent years. Today, the necessary atmosphere has been created in the country for the inflow of investments and the implementation of socio-economic policy.
Second Azerbaijani "Aframax" tanker commissioned
Another tanker of the "Aframax" type, acquired by the SA Maritime AFEZCO joint venture, established on a parity basis with the consent of the Azerbaijan Caspian Shipping Company (ASCO) CJSC and the Supervisory Board of the State Oil …
Azerbaijani Central Bank’s foreign exchange reserves revealed
The foreign exchange reserves of the Azerbaijani Central Bank amount to over $9.1 bln, the monetary base is almost $17.6 bln, Governor of the Central Bank of Azerbaijan Taleh Kazimov said. According to him, the macroeconomic indicators …
Azerbaijan-EU trade turnover climbs to record-high level
The EU became the main trade partner of Azerbaijan in 2022, EU Ambassador to Azerbaijan Peter Michalko said. "Just got the latest statistics: 52% of Azerbaijani foreign trade is with the EU, 65.6% of exports goes to the EU market. …
Central Bank of Azerbaijan decides to raise discount rate
The Central Bank of Azerbaijan raised the discount rate by 0.25% - from 8% to 8.25%. At the same time, the lower limit of the interest corridor is set at 6.25% (an increase of 1.25%), and the upper limit is at 9.25%, Sputnik Azerbaijan …
Azerbaijani parliament adopts budget for 2023
Today, the Milli Majlis (Parliament) of Azerbaijan adopted the country's state budget for 2023 at the final reading, the Parliament's press service reports. "When forming the country's main financial document for …
