economy of Azerbaijan

Azerbaijan to increase minimum wage by 16% in 2025

Azerbaijan

December 24, 2024

The minimum wage will be set at $235. While the increase is welcome, some economists believe the amount is insufficient given the current prices.

Will large fines for entrepreneurs using card-to-card payments bring Azerbaijan's economy out of shadows?

Azerbaijan

December 20, 2024

Experts believe that Azerbaijan's economy should be brought out of the grey zone not only through fines but also through incentives.

Buying foreign currency in Azerbaijan? Explain why you need it

Coronavirus

June 22, 2020

Some experts say that a tightening of currency exchange legislation will lead to the growth of a black market

Azerbaijani president allocates $600 million to combat coronavirus’ impact – economists unhappy

Coronavirus

March 22, 2020

What exactly this $600 million will be spent on is still unknown.