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.

Minister: Tax revenues from nonoil sector increased

Tax revenues from the non-oil sector have increased.

Economy Ministry has prepared scenarios in three directions

A producer company renamed

EKSPRESS-C has been renamed for AzeSteelCompany.

Azerbaijan published data on gold production

Inflation exceeds 9% in UK

The consumer price index (inflation index) in the UK increased by 9% for April 2022 against April 2021.

China's state budget has shrunk almost by 5%

China's state budget revenues for Jan-Apr decreased by 4.8% year-on-year, amounting to 7.42 trillion yuan (approx. $1.09 trillion at the current exchange rate).