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News
Azerbaijan to simplify customs clearance of perishable goods, animals and media materials
14+ hour, 6+ min ago (167+ words) Fineko/abc.az Azerbaijan to simplify customs clearance of perishable goods, animals and media materials August 4, Fineko/abc.az. Simplified rules for customs clearance of a number of special categories of goods, including perishable goods, live animals and media materials,…...
Azerbaijan to Launch New Support and Discount Framework for Non-Oil Export Freight Costs
13+ hour, 6+ min ago (188+ words) August 4, Fineko/abc.az. Azerbaijan is launching a state subsidy program providing substantial cost relief and discounts on exporters' logistics to boost the non-oil sector and enhance the competitiveness of domestic products internationally. Pursuant to the decree signed by President…...
Production of gas condensate in Azerbaijan drop by 9.1%
11+ hour, 12+ min ago (78+ words) Fineko/abc.az August 4, Fineko/abc.az. In the 1st half of 2026, Azerbaijan produced 2.259 million tons of gas condensate. According to the State Statistics Committee, the volume of gas condensate production declined by 9.1% versus Jan-Jun 2025. Of the total volume of condensate…...
Azerbaijan Establishes Legal Framework for Autonomous Vehicle Operations
19+ hour, 53+ min ago (211+ words) August 4, Fineko/abc.az. Amendments have been made to national legislation to establish legal mechanisms for the deployment of autonomous vehicles as part of the "Action Plan for Accelerating Digital Development in the Republic of Azerbaijan for 2026–2028." According to the…...
President Ilham Aliyev inaugurated Yeni Sangachal Substation Photo
1+ day, 14+ hour ago (350+ words) August 3, Fineko/abc.az. President of the Republic of Azerbaijan Ilham Aliyev inaugurated the 220/110/10 kV Yeni Sangachal substation operated by AzerEnerji OJSC. Balababa Rzayev, Chairman of the Board of Directors of AzerEnerji OJSC, informed the head of state about the…...
SOCAR increased its stake in Azeri-Chirag-Gunashli project up to 35.3%
1+ day, 12+ hour ago (142+ words) Fineko/abc.az August 3, Fineko/abc.az. The State Oil Company of Azerbaijan (SOCAR) has acquired from ITOCHU entire 3.65% share in the Azeri-Chirag-Gunashli (ACG) project, increasing SOCAR's stake from 31.65% to 35.3% The relevant documents on the purchase and sale transaction have…...
New Restrictions Effected on Card-to-Card Transfers in Azerbaijan
1+ day, 19+ hour ago (140+ words) Fineko/abc.az August 3, Fineko/abc.az. New limits governing card-to-card (C2C) transfers and e-wallet usage officially came into force in Azerbaijan on August 1. Under the updated rules, individuals are restricted to a maximum of 5 transfers or top-ups per day, with…...
Liquidity surplus of Azerbaijan's banking sector grew 2.1-fold up to 6 bn manats
4+ day, 17+ hour ago (187+ words) July 31, Fineko/abc.az. According to the CBA, monetary policy instruments are applied taking into account the processes in the financial markets and the liquidity indicators of the banking system, and short-term rates in the unsecured money market are formed…...
Azerbaijan's foreign trade surplus reaches $8 billion
4+ day, 17+ hour ago (120+ words) abc.az July 31, Fineko/abc.az. According to the CBA, in the 1st half of 2026, country's foreign trade surplus totaled nearly $8 billion. According to regulator's preliminary data, balance of money transfers (difference between inflow and outflow) for Jan-Jun was $540.6 million (82.8% higher…...
Azerbaijan exported aluminum for $141.5 million for Jan-Jun
5+ day, 12+ hour ago (100+ words) July 30, Fineko/abc.az. Over the first 6 months of 2026, Azerbaijan exported 40,435.29 tons of aluminum and aluminum products for $141.517 million. According to the State Customs Committee, the indicator is 5,210.45 tons (14.7%) and $40.530 million (40%) more against Jan-Jun 2025. The share of aluminum and aluminum…...