IMF raises forecast on Azerbaijan's GDP growth

According to the updated forecast of the International Monetary Fund, Azerbaijan's economy will grow by 3% this year.

Azerbaijan's external debt has grown

According to World Bank’s report, Azerbaijan's external debt has doubled over the past 10 years

Low-income countries’ debt increased

Since the beginning of the pandemic in 2020, the external debt of low-income countries has grown at a record pace - by 12%

Fitch: Azerbaijan's oil & gas sector to recover by 2023

Given the forecasts of Fitch Solutions, which promise that the average oil price in 2021 will be $70 and in 2022 – $67, the Azerbaijani oil & gas sector is likely to gradually recover until 2023

Moody's: Ratio of Azerbaijan's public debt to GDP to be lowest in region by 2023<

Fitch presents forecast: Azerbaijan’s economy to grow

Fitch Solutions forecasts that Azerbaijan&rsquo;s economy will grow by 2.5% in 2021 and by 3.3% in 2022.

Azerbaijan has changed these rules

Mikail Jabbarov: 2021-22 to be period of economic recovery in Azerbaijan

Economy Minister: Number of taxpayers in Azerbaijan increased by 5%

Economy Minister Mikail Jabbarov made important statements at the Baku event “Financing Sustainable Development: Sustainable & Green Recovery after the COVID-19 pandemic”.

WB has improved forecast on economic growth in Azerbaijan

Supervisory Board of Center for Analysis & Coordination of IV Industrial Revolution expanded

Ilham Aliyev laid foundation of Araz Valley Economic Zone Industrial Park

On 4 October, President Ilham Aliyev laid the foundation of the Araz Valley Economic Zone Industrial Park to be created in the East Zangezur Economic District.

Inflation rate in Turkey has exceeded 19%

Turkey has published the data on the inflation rate.

Industrial park Araz Valley Economic Zone under creation

President Ilham Aliyev has signed a decree “On the creation of industrial park Araz Valley Economic Zone".

Chinese company buys a stake in a large lithium deposit in Congo

Production in Nakhchivan observes a slight increase

Iron ore rapidly becomes more expensive

The price per ton of iron ore has exceeded $120.

Production and sale of gold by Anglo Asian Mining plc reduced

Mikayil Jabbarov: Subsidized loans for AZN 48.4 million given for past 8 months of 2021

A proposal made to transfer part of tax penalties to YAŞAT Fund

A survey conducted on restoration of Karabakh and Eastern Zangezur region

Following a survey conducted by the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) among 110 foreign companies, 17% of the companies expressed interest in the restoration of Karabakh and Eastern Zangezur region, in participating in the restoration of the destroyed infrastructure.