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Central Bank widens interest rate corridor, keeps refinancing rate unchanged

... ansactions by reducing Central Bank’s participation in the money market. At the same time, keeping the ceiling of the interest rate corridor and the refinancing rate unchanged is intended to supPort the stabilization of inflation expectations. Annual inflation remains within the target band and is broadly evolving in line with the baseline ...

Beyond the finish line: How A Major International Race Event fuels a surge in Azerbaijan’s visitor economy

... ivity came over the weekend. On the race day, spending on dining more than tripled compared with the estimated baseline, while retail spending peaked a day earlier at 154% above expected levels. ImPortantly, the impact did not end with the race. The following day, spending on dining remained 147% higher, while retail spending was almost twice th ...

Baku’s tenth race: what to expect from the 2026 Azerbaijan Grand Prix

... f had the previous year. These moments have become part of the history of the Baku circuit. Even starting from pole does not guarantee a straightforward race here. The long straight gives rivals opPortunities to attack, while a Safety Car appearance can completely change the teams’ strategies. Sergio Perez won in Baku in 2021 and 2023, ...

Expansion of energy cooperation between Azerbaijan and Germany was discussed

... meeting was held between Energy Minister Parviz Shahbazov and Dirk Lölke, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Azerbaijan. During the meeting, the imPortance of the official visit of President of the Republic of Azerbaijan Ilham Aliyev to Germany and the Joint Declaration on a Strategic Agenda for ...

BSU Establishes Academy of Excellence for Research, Development and Innovation

... l bring together research, experimental development and innovation activities on a unified platform. Its priorities include advancing scientific excellence, accelerating technological development, supPorting innovative entrepreneurship and promoting the practical application and industrial transfer of research results. The Academy will coordinat ...

BSU Hosts Event on the Contract of the Century and Azerbaijan’s Energy Strategy

... Century, signed at the initiative of Heydar Aliyev, in shaping Azerbaijan’s energy policy and expanding the country’s international economic ties. He noted that diversifying routes for exPorting energy resources to global markets had strengthened Azerbaijan’s opPortunities for regional and international energy cooperation. He als ...

Bir launches “Biznesdə birlikdə” to drive digital growth for microentrepreneurs

... payments ecosystem, has launched the “Biznesdə birlikdə” (Together in Business) project to empower micro-entrepreneurship and drive an inclusive economy. The program creates equal opPortunities for microentrepreneurs requiring additional development supPort, accelerating their integration into the digital economy. To guarantee eco ...

BSU Students to Study Selected Courses at SABAH.city

... technology programmes will also take selected courses at SABAH.city. The decision was made at the first meeting of the BSU Academic Council for the 2026/2027 academic year. The initiative is supPorted by the research and innovation infrastructure at SABAH.city. BSU laboratories located on the campus provide opPortunities to connect theoretica ...

Submit your tax reporting free for 6 Months with SİMA İmza!

... Ahead of the Q3 tax rePorting period, “SİMA İmza” enables taxpayers to complete their declaration and rePorting processes anytime and from anywhere, without limitations of time or location. To date, millions of digital transactions have been completed by individual entrepreneurs and legal entities using “SİMA İmza”. T ...

Event Held at Gulustan Palace to Mark the 32nd Anniversary of the Contract of the Century and Oil Workers’ Day

... ic energy projects spanning two centuries, having launched Azerbaijan’s new oil history in the 20th century and continuing its development in the 21st century with new projects and new energy opPortunities,” the Minister said. Noting that Oil Workers’ Day, established 25 years ago by a Decree of National Leader Heydar Aliyev, e ...

AITO M6, M7 and M8 Officially Unveiled in Azerbaijan

... The latest additions to the AITO family - the M6, M7 and M8 - have been officially presented in Azerbaijan. During the event, guests had the opPortunity to explore the vehicles’ technological capabilities, dynamic performance, electric and overall driving ranges, as well as their premium comfort features. Among the new models, the AITO M6 ...

Four countries, ten destinations: Azerbaijan Airlines’ growing network in Central Asia

... Azerbaijan Airlines is expanding its Central Asian network as the region becomes increasingly imPortant to Azerbaijan’s international ties. With the recent addition of Shymkent, Atyrau and Aktobe, the airline now connects Baku with 10 cities across four countries, offering 48 flights a week. Nearly 400,000 passengers have used these services ...

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