Economy

REAL Party founder Ilgar Mammadov says claims about Azerbaijanis hiding money at home are misleading, arguing that regional comparisons show citizens and businesses in Armenia and Georgia are significantly wealthier.

Natig Jafarli says Azerbaijan’s tourism and agricultural policies have backfired, citing falling tourist numbers, declining livestock populations, rising meat prices, and growing dependence on imports.

Prices at markets across Azerbaijan have risen by 20–30 percent ahead of the New Year, while shoppers and sellers alike report weakening purchasing power despite increased foot traffic.

Lower prices and higher rental returns are driving growing interest among Azerbaijani investors in residential and commercial real estate across Turkey, official data shows.

Inbound money transfers to Azerbaijan totaled $850 million in the first nine months of the year, slightly up year-on-year, while outgoing transfers reached $361 million, according to the central bank.

While electric vehicle adoption continues to grow worldwide and across the EU, Azerbaijan is seeing a sharp decline in EV imports, driven by infrastructure gaps and performance concerns.

Economist Natig Jafarli argues that Azerbaijan should reduce military and law enforcement spending and shift away from tax hikes toward policies that stimulate economic growth.

As municipalities issue property tax notices, a legal expert explains which homeowners are eligible for exemptions and tax relief under Azerbaijani law.

Azerbaijani legal expert Akram Hasanov says planned VAT changes on electric vehicle imports and sales could breach constitutional rules on foreign trade regulations.

New tax rules in Azerbaijan will increase payments for self-employed service providers working under the fixed receipt regime, including barbers, photographers, and event professionals.

Public dining turnover in Baku has surged in 2025, while rising service charges in restaurants - reaching up to 15% in some venues - have triggered consumer concerns and official warnings over price transparency.

Meat prices have risen in parts of Baku, with residents reporting increases of 2–3 manats per kilogram over the past few days.

Residents displaced by a redevelopment project in Baku’s Nizami district say they have waited nearly ten years for promised replacement apartments, amid allegations of repeated delays, disputed sales, and unresolved contractual obligations. Local authorities confirm the case is under legal review.

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