Inflation for Ten Months Was 2.6%

The Middle Corridor, a pivotal artery connecting the Caucasus and Central Asia to global supply chains, stands as a beacon of economic opportunity and regional integration. However, according to a recent report by the International Monetary Fund (IMF) titled "Prospects for the Development of the Regional Economy: The Middle East and Central Asia," urgent measures are required to fully realize its potential and address existing challenges hindering its growth.

Anglo Asian Mining (AAM), the operator of gold deposits in Azerbaijan, has announced a notable decrease in production for the first quarter of 2024. The decline comes as the company awaits government approval for the construction of a tailings dam, impacting its operational capacity.

Azerbaijani citizens are scaling back their investments in Turkish real estate, marking a notable shift from the upward trend observed since 2017. Data from the Turkish Statistical Office reveals a conspicuous decline in property purchases by Azerbaijani nationals, signaling potential changes in investment patterns.

In a significant display of diplomatic and economic cooperation, Azerbaijan and Tatarstan convened discussions to fortify their bilateral relations across multiple sectors, including trade, energy, tourism, industry, innovation, small and medium-sized enterprises (SMEs), and humanitarian endeavors.