Moody's warns of high inflation

Rating agency Moody's has issued a warning in connection with the military actions in Ukraine.

AZN 22 million given to pandemic-affected entrepreneurs within 10 months

The subsidies for AZN 22 million were paid to the pandemic-affected entrepreneurs from June 2020 to 1 April 2022 within the framework of the state guaranteed credit & subsidy support project.

Economy Minister: 344 more jobs created thanks to preferential loans

KAMAZ plant to be put into operation in Karabakh

The KAMAZ PJSC plant will be put into operation in Karabakh in the 2nd quarter of 2022.

List of benefits and exemptions from income tax expanded

The list of income tax exemptions and benefits is under expansion.

Moody's inflation warning

International rating agency Moody's has reported that global inflation will remain high in 2022 and moderate in the 2nd half of 2023.

UK to lose $8 bn for sanctions against Russia

Because of sanctions against Russia, the UK economy will lose 6.2 bn pounds

Coal crisis is coming – Demand for cheap coal has grown

Following the first phase of the global energy crisis caused by shortage of natural gas amid the recovery of the global economy after the pandemic, the world is facing a coal crisis associated with a number of factors

Mikayil Jabbarov: Our institutions and companies to focus on domestic producers

The next direction of economic policy in Azerbaijan will be the orientation of budget organizations, state-owned companies to local producers.

Economy Minister: Sales of products in industrial zones rose by 81%

In the first 3 months of 2022 the industrial zones of Azerbaijan sold products for AZN 662.7 million.

Economy Minister: Process of economic recovery in Azerbaijan fasten

The growth of Azerbaijan's non-oil GDP increased by a record 10.3% (against Q1 of 2021) up to AZN 15.9 bn.

AzerGold declares winners of tender contracts for AZN 23 million

Production of electrical equipment increased in 2022

The output for AZN 42.2 million was produced in the production of computer, electronic and optical products, electrical equipment in the 1st quarter of 2022

AzerGold gold production declined

AzerGold extracted 10,592 ounces of gold in the 1rst quarter of this year.

Forecast for 2022: Azerbaijan's economy to grow by 2.8%

According to the updated forecast of the International Monetary Fund (IMF), Azerbaijan's economy will grow by 2.8% this year.

Gold extraction in Azerbaijan lowers more than by 26%

Gold production in Azerbaijan reached 608.2 kg for Jan-Mar 2022 (26.7% less versus Jan-Mar 2021)

Moody's: Russia's position to be regarded as a default in this case

Another resident appears in SKSP - number of its residents has reached 26

Beverage production in Azerbaijan increases

In the first 3 months of 2022 the beverage production in Azerbaijan grew by 20% against the same period of last year

Mikail Jabbarov: State Budget tax revenues grew in 1st quarter of 2022

Azerbaijan State Budget tax revenues increased by 34.4% for the 1st quarter of 2022 (against Q1 of 2021)

President: Inflation rises to certainly high indicator of 18% for past 3 months