Economic growth in Azerbaijan makes up 7.2% for past 4 months

Economy Minister Mikail Jabbarov delivered speech about the economic situation in the country at the EU-Azerbaijan Business Forum held in Baku today.

Tax Service revenues declined

GDP production increased over past 4 months

Azerbaijan produced GDP for AZN 39.55 bn for Jan-Apr 2022 (7.2% more against Jan-Apr 2021)

Resident status granted to 2 more companies of Agdam Industrial Park

The resident status has been granted to two more companies in the Agdam Industrial Park under the Ministry of Economy, and the number of residents there has reached nine.

Resident status granted to 101 business entities to date

Azerbaijan to export honey to Europe under Karabakh brand

Most sectors of China observe growth

The inflation in China observed growth of 2.1% last month.

Inflation in China rose last month

China has published the data on the inflation rate for April 2022.

EBRD lowers forecast on Azerbaijan's GDP

The European Bank for Reconstruction & Development (EBRD) has lowered its forecast for Azerbaijan's GDP growth in 2022.

Deepest recession in last 30 years awaits Russian economy

Economy Minister: Tax revenue forecast fulfilled by 150.5%

Over Jan-Apr 2022, State Budget tax revenues increased by 55.2% (against Jan-Apr 2021) up to AZN 5.35 bn, and the forecast was met by 150.5%.

Inflation has increased in Turkey – prices for some goods have risen

In April 2022, annual inflation in Turkey was 69.97%

A new resident appointed in Sumgait Chemical Industrial Park

Production commercial company Chinar-Servis has received the status of a resident of the Sumgait Chemical Industrial Park.

Mikail Jabbarov: Balance of foreign trade grew 3.15-fold

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