2026-3-12 19:28 |
As of March 1, 2026, the number of active VAT payers in Azerbaijan has really taken off. The count of taxpayers and business entities has certainly seen a rise when stacked against the figures from the start of the year and last year.
These trends show that the economy is on the upswing in the country. .
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Trade turnover between Azerbaijan and the Islamic Republic of Iran increased in the first two months of the year, reflecting a continued expansion of economic ties between the neighboring countries. trend.az »
2026-03-20 17:07
In January 2026, Azerbaijan's average monthly wage took a leap forward. The workforce expanded, with workers in both the public and private arenas. Major players in the game are trade, education, and health care. trend.az »
2026-03-14 01:10
S&P Global Ratings reports that Azerbaijan maintains the lowest private sector debt to GDP ratio in the South Caucasus, with relatively low exposure to foreign currency lending and stable banking sector indicators despite slower projected credit growth. trend.az »
2026-02-15 14:12
Motor gasoline and diesel were heavily purchased by Azerbaijani people in January 2026. As a whole, sales were up from the same month a year ago. During the month, these products made up a significant portion of the total retail trade turnover. trend.az »
2026-02-12 03:12
In the first 11 months of 2025, the average monthly salary of hired employees in Azerbaijan increased significantly year on year. The number of salaried workers in the country also saw a notable rise. trend.az »
2026-01-16 17:09
Azerbaijan experienced moderate annual inflation last year, driven primarily by rising food prices and increased costs for paid services. trend.az »
2026-01-14 21:08
Azerbaijan's population revenues reached 80. 7 billion manat ($47. 5 billion) from January to November 2025. This amount represents an 8. 1% rise in nominal terms compared to the same period in 2024. trend.az »
2025-12-13 06:07
In Azerbaijan, 354,906 tons of raw cotton have been harvested from 100,468 hectares of land so far in 2025. The average cotton yield stands at 35.33 centners per hectare, the highest since 2000, surpassing the previous record of 33.6 centners/ha in 2020. trend.az »
2025-12-12 04:31
Azerbaijan’s trade with Australia reached $764. 49 million in January–October 2025, a 26. 2% decrease from a year earlier. Australia accounted for 1. 87% of Azerbaijan’s total trade turnover, placing it ninth among trading partners. trend.az »
2025-12-06 17:00
From January through September of this year, the South-West transport corridor saw 402,700 tons of freight transported. This marks a jump of 123,400 tons or 44% when stacked against the same stretch last year (279,300 tons). trend.az »
2025-12-03 20:42
The volume and number of transactions conducted in the National Real-Time Settlement System (AZIPS) in October significantly exceeded last year's figures. trend.az »
2025-11-29 02:27
As of November 1, 2025, loans granted to microbusinesses in Azerbaijan totaled 3.4 billion manat ($2 billion). This represents a 0.7 percent growth compared to October 1 and a 13.8 percent increase compared to the same period last year. trend.az »
2025-11-28 23:15
Azerbaijan’s customs revenue fell slightly in the first ten months of the year, totaling over 5 billion manats, down four percent from last year. trend.az »
2025-11-13 20:34
As of October 1, 2025, total loans issued by Azerbaijani credit institutions reached about 31 billion manats, with overdue loans amounting to roughly 530 million manat. trend.az »
2025-10-31 04:11
In the first nine months of 2025, Azerbaijan’s retail sales of food products reached 23.4 billion manat, marking a 1.4% increase compared to the same period last year. trend.az »
2025-10-13 21:42
Azerbaijan's insurance sector showed steady growth in the first seven months of 2025, with notable increases in both premium collections and payouts, signaling rising demand and activity in the market. trend.az »
2025-08-29 20:52
Azerbaijan’s carbamide export revenues surged to about $92 million in the first half of the year, marking a sharp increase of over 75% compared to last year. This growth contributed to a nearly 10% rise in the country’s total non-oil sector exports, which reached approximately $1.8 billion during the same period. trend.az »
2025-08-01 02:14
Turkmengas State Concern has invited manufacturers to participate in a tender for the supply of general plant equipment as well as electrical, instrumentation, and automation systems. Interested companies can submit applications before the specified deadline.
Russian oil giant PJSC LUKOIL reported a sharp reversal into a deep net loss for the full year 2025, even as its operating profit remained positive.
PJSC LUKOIL experienced a significant drop in its shareholders’ equity in 2025, primarily because of a sharp decrease in other reserves.
Azerbaijan's mining sector shows significant growth in copper concentrate production, contributing to an overall increase in the value of mining industry output for the year.
In 2025, PJSC LUKOIL improved its financial situation by reducing its overall liabilities by around 25%.
In 2025, remittances flowing from Canada to Azerbaijan experienced growth, constituting a minor segment of the overall foreign remittance landscape. Conversely, the prior year experienced a downturn in these remittances.
Russian LUKOIL saw a significant contraction in its balance sheet in 2025, with total assets decreasing by more than 41% year-on-year.