Baku: The procedure for acquiring civilian weapons in Azerbaijan is undergoing a digital transformation, as reported by APA. This change was solidified with the recent amendments to the Law on Service and Civilian Weapons, which were approved by Presi…
Baku: The Central Bank of Azerbaijan has released the latest exchange rates, providing insights into the value of various currencies against the Azerbaijani manat. According to Azeri-Press News Agency, as of February 17, 2025, the exchange rate for the US dollar remains unchanged at AZN 1.7000. The Turkish lira is valued at AZN 0.0470. The … Read more
Baku: Last month, the nominal incomes of the population of Azerbaijan increased by 6.2% compared to January of the previous year, reaching AZN 5,967.8 million, or an average of AZN 583.6 per person, the State Statistical Committee told APA-Economics.
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Baku: In a significant development for Azerbaijan’s economy, the country exported 1,200 kg of sturgeon caviar in 2024, generating revenues of USD 1,242,500, APA-Economics reports. According to Azeri-Press News Agency, calculations based on the State Statistics Committee’s report, this marks an 85% increase in the volume of exported caviar compared to the same period last … Read more
Baku: The Minister of Emergency Situations of the Republic of Azerbaijan, Colonel-General Kamaladdin Heydarov, met with the Ambassador Extraordinary and Plenipotentiary of Tajikistan to Azerbaijan, Ilkhom Abdurakhmon, the Ministry told APA.
Accordin…
Baku: The international rating agency S and P Global Ratings has revised its economic growth forecast for Azerbaijan, projecting a more optimistic outlook for 2026, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, S and P Global Ratings has maintained its forecast for Azerbaijan’s real GDP growth at 2% for 2025 but … Read more
Baku: Azerbaijan achieved significant revenue from fruit and vegetable exports in January 2025, with earnings surpassing USD 60 million. In total, the country exported 58,072.5 tons of fruits and vegetables, generating USD 60 million 487.7 thousand, a…
Baku: S and P Global Ratings international rating agency has forecasted that the credit portfolio of banks in Azerbaijan will increase by approximately 15% in 2025, APA-Economics reports citing the rating agency. According to Azeri-Press News Agency, it was noted that credit growth in Azerbaijan is correlated with oil prices. Credits increased by 18% in … Read more
Baku: The acceptance of applications for the Hajj pilgrimage will proceed until the available quota is filled, as stated by the head of the Foreign Relations Department of the Caucasian Muslims Office (CMO) and the head of the Hajj electronic system, Vusal Jahangiri, in an interview with APA. According to Azeri-Press News Agency, Jahangiri mentioned … Read more
