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

US inflation rose last month

Azerbaijan registers growth of taxpayers

As of 1 April 2022, Azerbaijan numbered 1,360,747 taxpayers (9.7% more against Jan-Mar 2021).

Measures to prevent Russia's default underway

New WB forecast for European countries: growth from 5.7% to 11.3%

The World Bank has published a report on the slowdown in the Turkish economy this year.

WB predicts slowdown in Turkish economy

The World Bank lowered in its report the growth expectations in 2022 on Turkey and raised expectations for 2023.

WB: Inflation in Azerbaijan to be 9% in 2022

The World Bank has changed the forecast on inflation in Azerbaijan.

WB forecast on Azerbaijan: Economic growth to slow down

The World Bank has lowered its forecasts on the growth of GDP in Azerbaijan in 2022 and 2023