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Economics
OBYEKTIV MEDIA

Latest Economic News


Caspian Gas: How Europe's Move Away from Russia Benefits BP in Azerbaijan
Discover how Europe's gas cut-off (2028) makes Azerbaijan a key energy partner and fuels BP’s $2.9B Shah Deniz expansion. Analyze the geopolitical risks.
Nov 283 min read


Bridge Collapse in Georgia Linked to Corruption: The Akkord Case
Georgian prosecutors link the 2023 bridge collapse built by Azerbaijan's Akkord to massive corruption and fraud. Former official Levan Kupatashvili is arrested over faked work certificates and $5.8M state loss. Get the details on the Samtredi-Grigoleti scandal.
Nov 142 min read


Kazakh wheat has been shipped to Armenia through Azerbaijan.
Historic: The first 1,000-ton shipment of Kazakh wheat reached Armenia via Azerbaijan after cargo transit restrictions were lifted, a major step enabled by recent peace agreements and Washington accords. This boosts regional cooperation.
Nov 81 min read


Armenia intends to import various goods from Russia through Azerbaijan, according to Prime Minister Nikol Pashinyan.
Armenia plans to import Russian goods (incl. grain) by rail through Azerbaijan, restarting a route closed since the 90s. This landmark transit, following the removal of Azeri restrictions, is key to boosting regional economic ties, EAEU market access, and strengthening peace between Yerevan and Baku. Applications are open.
Nov 67 min read


Azerbaijan Lifts All Restrictions on Cargo Transit to Armenia
Azerbaijan has lifted all restrictions on cargo transit to Armenia. This was announced today by Azerbaijani President Ilham Aliyev in Astana during a press statement with Kazakhstan's President Kassym-Jomart Tokayev.
Oct 222 min read


Azerbaijan Inflation Debate: Official Figures Challenged
New data released by the State Statistics Committee (DSK) has highlighted a continued inflationary environment in Azerbaijan, although independent economists claim the real cost of living increase is significantly higher, potentially reaching double-digit figures.
Oct 132 min read


3 Surprising Truths About Azerbaijan's Economy Hidden in Plain Sight
Uncover 3 shocking truths about Azerbaijan's economy: the 5% unemployment rate that masks 20% joblessness, the innovation gap, and its role as a backdoor for Russian oil to the EU.
Oct 35 min read


Cost of Metro and Bus Fares Rises in Azerbaijan
Azerbaijan public transport fares rise 20% (0.6 manat / $0.35) starting October 1 for Baku Metro and buses. Details on tariff changes, carrier sustainability, and fleet renewal plans.
Sep 291 min read
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