Fitch Ratings lowers its forecast on global GDP growth to 2.9%

Fitch Ratings has lowered its forecast on global GDP growth for the current year to 2.9% from 3.5%.

Fitch Ratings Forecast: Global inflationary pressure keeps on increasing

An international rating agency has downgraded its outlook on global GDP growth.

Pashinyan complained about the Armenian economy

Inflation in Germany has accelerated much

The rate of inflation growth in Germany accelerated from 7.4% to 7.9% year-on-year by the end of May 2022.

Recession risk may increase in Europe

Global buyers of commodities are on track to pay producers $5.2 trillion more in 2022 than they did in 2019 thanks to surging prices, according to a new base case analysis from Citigroup Inc.

Date of Turkic Business Forum on restoration of Karabakh announced

MP: Difficulties in global economy are manifested in shortage in the food market

Deputy minister: We are lucky that oil price is quite high

Inflation in Azerbaijan exceeds the established level, and the main part of it is imported.

Ilhama Gadimova: We’ll have to increase the subsidy

Depending on the costs incurred by farmers for the production of food wheat, the amount of the subsidy may vary.

Deputy finance minister spoke about significant growth

Money allocated to budget through Tax Service made public

AZN 590 million of additional taxes transferred by the State Tax Service to the State Budget last year accounts for the share of the oil sector.

10 more water-storage reservoirs to be built in Azerbaijan

Inflation in Georgia rises since last March

Since March 2021 the annual inflation in Georgia has been growing

Inflation grew more than by 13%

The annual inflation in Georgia made up 13.3% this May (12.8% a month ago)

Inflation has jumped sharply to 73.5% in Turkey

Russian company plans to produce electricity meters in Sumgait

A meeting with a group of employees of Milur IS LLC (Russia) has taken place in the Sumgait Chemical Industrial Park, which is under the management of the Agency for the Development of Economic Zones (IZIA).

A new record on inflation in eurozone

According to preliminary estimates, the annual inflation in 19 eurozone countries accelerated in May to a record 8.1% in the history of observation from April's 7.4%

Mikail Jabbarov about growth of tax revenues on nonoil & gas sector

Economy Minister: Private sector receipts increased by 45%

Over AZN 228.5 million refunded to consumers

Forecast: Recession awaits global economy

World Bank’s president David Malpas does not rule out recession in the global economy in connection with the situation in Ukraine.