Innovation cluster Absheron Valley under creation

Innovative cluster Absheron Valley will be created in Azerbaijan in the next 5 years.

Non-oil GDP grew by an average of 3.5% a year

In 2012-2021, non-oil & non-gas GDP increased by 3.5% annually on average, reaching from AZN 25.4 bn in 2011 up to AZN 57.8 bn in 2021. The share of the non-oil sector grew from 48.8% in 2011 up to 62.2% in 2021.

Taxpayer rate in Azerbaijan increased by 7.3% for Jan-Jun

As of 1 July 2022, 87.6% out of 1,363,776 taxpayers registered in our country accounted for individuals and 12.4% for legal entities and other organizations

President has endorsed composition of Supervisory Board of this body

The number of members of the Supervisory Board of the Center for Analysis of Economic Reforms & Communications has been increased.

Azerbaijan Accounts Chamber takes control measures in ministries

The Accounts Chamber of Azerbaijan is conducting control measures on some pilot sections of the functional classification of the medium-term expenditure framework.

Azerbaijan turns from importer into exporter of sulfuric acid

The import of sulfuric acid to Azerbaijan will be suspended.

ADB raises inflation forecasts for Azerbaijan

The ADB raised the inflation forecasts for the Caucasus and Central Asia from 8.8% to 11.3% for 2022 and from 7.1% to 8.1% for 2023

Inflation has risen in Britain

Annual inflation in the UK made up 9.4% in June of this year

Over past 6 months, revenues from extra-budgetary organizations increased

Income on insurance premiums from unemployment grew by 21.9% (versus 1 half of 2022) up to AZN 77.35 million

Tax Service’s transfers to Azerbaijan’s budget for Jan-Jun unveiled

The State Tax Service transferred taxes for AZN 6.48 bn to the State Budget over the first 6 months of 2022.

A new enterprise under creation in Azerbaijan - more than 800 jobs to be created

IMF warns of growing risk of global recession

If inflation remains constant, the global economic picture may deteriorate

Key shareholder of Zeyem Technology Park increases much its stake

Inflation in Sweden rose up to 8.5%

Azersheker triples its authorized capital 

The authorized capital of Azersheker LLC has been increased for the third time in 2022 and in the 2nd half of the year.

British company reduces its production in Azerbaijan 

Iran and Azerbaijan sign a document on hydroelectric power plants

Inflation in U.S. renews the record

Inflation rate in eurozone is quite high

MP about sharp strengthening of US dollar

MP Vugar Bayramov spoke about the US dollar and euro exchange rates

Vugar Bayramov: Euro has lost 18% of its value this year