Economy Minister: Economy shows stability, despite decline

The economic stability is keeping in Azerbaijan under conditions of the global crisis caused by the coronavirus pandemic

Samir Sharifov: Azerbaijan`s economy to shrink by end of 2020

By the end of the year, the Azerbaijani economy will shrink to 4%.

Surplus to increase due to current operations over 8-fold in 2021

Azerbaijan`s current operating account surplus is expected to reach $104.8 million in 2021, or 0.2% of the projected GDP

Forecast on average annual inflation for next 2 years

The inflation is projected at the level of 3% in Azerbaijan in 2021

Forecast on inflation rate for next year

Azerbaijan unveils causes of delay in submission of budget package 2021

The causes of the delay in the submission of the budget package for 2021 to Milli Majlis have become known

IMF forecast: Economic downturn in Armenia to accelerate

The International Monetary Fund gave a pessimistic forecast for Armenia, stating about decrease of its GDP by 7.3%

Azerbaijan gets in Top 10 of reformer countries

Production of gold declined and silver increased for past 11 months

Azerbaijan produced 3,303 kg of gold and 4,005.4 kg of silver for the past 11 months

AzerGold made profit of AZN 35 million

As a result of AzerGold`s activity, more than AZN 527 million were raised to the country`s economy

Nakhchivan`s economy has grown - Report

GDP of the Nakhchivan Autonomous Republic for Jan-Nov of this year amounted to AZN 2.556 bn

Deficit formed in Turkey`s balance of payments operations

The Central Bank of Turkey has published the balance of payments statistics for October

Global economy to need 2 or 3 years to return to pre-crisis level

It will take two to three years for the global economy to return to pre-crisis levels

This is how Karabakh Development Strategy to be realized

Currently, a post-conflict reconstruction strategy is being implemented under the leadership of President Ilham Aliyev.

Annual inflation in Turkey reached highest level in November

MP: Liberated territories have great economic potential

Baku textile factory to produce 8 million medical masks a month

Turkey ranks 3rd largest economy among G20 countries

Turkey`s economy grew by 6.7% in the 3rd quarter of this year compared with the same period of last year

Another gold deposit put into operation

AzerGold has commissioned Agyohush gold deposit as the first step towards creating a regional processing zone

An aluminum plant to be built in Azerbaijan – a feasibility study prepared

A new aluminum plant will be constructed in Azerbaijan

Use of this district potential to lead to a new pace of development

The extraction of metals, especially precious metals, plays an important role in the mining industry of the non-oil sector of Azerbaijan’s economy