Shorouk Express Economy Materials 27 July 2025 04:10 (UTC +04:00) At the end of June, the average interest rate on consumer loans issued via credit cards reached 25 percent, marking a two-point increase year-on-year, according to the Central Bank of Azerbaijan. Rates also rose across other categories, with non-bank credit institutions (NBCIs) offering…
Shorouk Express Economy Materials 26 July 2025 03:13 (UTC +04:00) Hotel industry revenues in Azerbaijan rose by 9.2 percent in the first half of 2025, reaching $170.5 million, driven primarily by room and catering services. Despite the income growth, overall capacity utilization remained low at 21.4%, with notable regional variations led by Shabran…
Shorouk Express Economy Materials 25 July 2025 03:32 (UTC +04:00) The Mortgage and Credit Guarantee Fund (MCGF) has issued nearly 3.6 billion manat in mortgage loans to over 54,000 borrowers. Additionally, it has provided guarantees and subsidies worth around 580 million manat and facilitated rental access to more than 7,500 housing units. …
Shorouk Express BAKU, Azerbaijan, July 23. We forecast a current account balance surplus of around $3.6 billion by the end of this year, the Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on the interest rate corridor parameters today,Trend reports. Kazimov noted that the current account surplus is…
Shorouk Express Economy Materials 23 July 2025 02:09 (UTC +04:00) Azerbaijan has launched the design phase for several new metro stations in Baku as part of a broader expansion of the city’s underground transport network. A contract worth nearly 36 million manat has been awarded to a newly registered company to carry out…
Shorouk Express Oil&Gas Materials 22 July 2025 18:27 (UTC +04:00) In the first half of 2025, Azerbaijan exported 686,000 tons of crude oil and related products worth $378 million to Romania. This marks a $165.8 million or 1.8-fold increase in value and a 341,500-ton or 2-fold rise in volume from the same period…
Shorouk Express SHUSHA, Azerbaijan, July 19. The third Shusha Global Media Forum under the theme “Digital Pathways: Strengthening Information and Media Resilience in the Age of AI” is starting today, Trend reports. The forum will bring together up to 140 international delegates from 52 countries, representing over 30 news agencies, seven international organizations, nearly 80…
Shorouk Express Economy Materials 18 July 2025 08:17 (UTC +04:00) In the first half of 2025, Azerbaijan exported non-oil products worth $1.75 billion to foreign countries. This represents a 9.9% increase compared to the same period last year. Nearly half of these exports went to Russia and Türkiye, while the rest were shipped…
Shorouk Express Economy Materials 17 July 2025 23:57 (UTC +04:00) During the first half of 2025, Azerbaijan imported 51,727 cars worth $960.7 million. This marks a 22.2% increase in volume and a 23.3% rise in value compared to the same period last year. Most imports were passenger vehicles, totaling over 47,000 units. …
Shorouk Express Economy Materials 15 July 2025 22:43 (UTC +04:00) In the first half of this year, Azerbaijan reduced electricity imports by nearly 16 percent, bringing the total to around 81 million kilowatt-hours. This decline comes as domestic electricity production rose to approximately 13.9 billion kilowatt-hours, supported by growth in renewable energy output….
