ECONOMY

NEWS

Azerbaijan and Pakistan discussed strengthening economic cooperation

— ECONOMY, POSITION, SEÇMƏ
Minister of Economy of Azerbaijan Mikayil Jabbarov and Deputy Prime Minister – Minister of Foreign Affairs of Pakistan Muhammad Ishaq Dar discussed strengthening economic cooperation during a telephone conversation. According to Elchi.az, the Ministry of Foreign Affairs of Pakistan announced this on “X”. “The parties discussed strengthening economic cooperation, trade and investment ties between Pakistan […]
NEWS

AAYDA’s tunnel construction has caused changes in the metro line separation project

— ECONOMY
The construction of the “Darnagul” electric depot is being carried out in stages within the framework of the Baku Metro line separation project. This was reported to Elchi.az from Baku Metro CJSC. According to the information, the first stage covers the construction of the minimum infrastructure necessary for the separation of lines. Currently, according to […]
NEWS

Expenditure on liberated territories last year announced

— ECONOMY
A total of 4 billion 465.7 million manats have been allocated from the 2025 state budget for the reconstruction and restoration of the liberated territories. Elchi.az reports with reference to the Ministry of Finance. It was noted that 3781.9 million manats or 84.7 percent of that amount falls to the share of the targeted funds […]
NEWS

Azerbaijan’s public debt announced

— ECONOMY
In the 2025 state budget, expenses related to servicing the state debt and obligations amounted to 2 billion 399.6 million manats. Elchi.az reports that this was reported by the Ministry of Finance. During 2025, 757.0 million manats for domestic state debt (136.8 million manats for principal debt, 620.2 million manats for interest debt) and 1342.5 […]
NEWS

Assets of credit unions in Azerbaijan decreased

— ECONOMY
In 2025, credit unions in Azerbaijan suffered a loss of 0.3 million manats. Elchi.az reports with reference to the Central Bank of Azerbaijan that in 2024, credit unions earned a net profit of 0.08 million manats. During the reporting period, the net interest income of credit unions amounted to 2 million manats (11.1% more year-on-year), […]
NEWS

Deputy Minister: There is a need to tighten punitive measures in transport

— ECONOMY
“In some cases, people, including elderly people and people with limited mobility, are forced to cross from the sidewalk to the roadway.” Elchi.az reports that Rahman Hummatov, Deputy Minister of Digital Development and Transport, said this during a round table in Baku on the implementation of the 2025-2030 State Program on improving transport infrastructure in […]
NEWS

EU’s potential support for Azerbaijan’s regional transport initiatives assessed

— ECONOMY
The European Union (EU) has assessed the possibilities of supporting Azerbaijan’s regional transport and connectivity initiatives. Elchi.az reports that this was stated by the Minister of Economy Mikayil Jabbarov on his social network account. The Minister stated that during the meeting with Gert Jan Koopman, Director-General for Neighbourhood and Enlargement Negotiations of the European Commission, […]
NEWS

25 railway stops and stations to be put into operation in the Baku suburbs

— ECONOMY
By 2030, an additional 25 stops and stations will be put into operation on the railways in the Baku suburbs. Elchi.az reports that Anar Rzayev, chairman of the board of the Azerbaijan Land Transport Agency (AYNA), said this during his speech at a round table dedicated to the implementation of the State Program for 2025–2030 […]
NEWS

Deputy Minister: Design work for all roads in Baku will be completed within 6 months

— ECONOMY
On January 30, the State Program on improving transport infrastructure in Baku and surrounding areas was adopted. Over the past year, extensive work has been done to implement this program. Elchi.az informs that Rahman Humbatov, Deputy Minister of Digital Development and Transport, said this during his speech at the round table dedicated to the implementation […]