Sausage production increased by 37% over Jan-Oct

For the past 10 months of 2020 the production of tobacco goods and beverages grew by 18.3% and by 9% respectively (versus Jan-Oct 2019), while food production reduced by 1.3%.

Industrial output whose manufacture has grown for past 10 months

The textile industry, clothing, leather goods and footwear produced output for AZN 378 million over Jan-Oct 2020

GDP per capita reached 58.62 manats over Jan-Oct

The State Statistics Committee has published GDP production figures for the past 10 months of 2020

GDP production shrank for past 10 months

Over Jan-Oct 2020 Azerbaijan produced 58.469 bn or 3.8% less than GDP compared with the same period of last year

Resident status given to a new company in High-Tech Park

The Expert Council of the High Technology Park (YT Park) of the National Academy of Sciences of Azerbaijan has held an online meeting.

Azerbaijan and Turkey discuss growth of to increase cargo carriages

Economy Minister Mikayil Jabbarov of Azerbaijan and Commerce Minister Ruhsara Pekcana of Turkey have held a meeting in an online format

State Budget VAT revenues lowered

In October 2020 the VAT revenues of the State Budget of Azerbaijan decreased by 18.8% compared with the same month of last year and amounted to AZN 214.9 million

Customs Committee`s transfer to Azerbaijan’s budget for October exceeds AZN 300 million

The State Budget received taxes and customs duties in the total amount of AZN 314.407 million from the State Customs Committee for October of this year

Georgian government lowers its economic growth forecast for 2021

The forecast of economic growth is set at the level of 4.3% in the State Budget of Georgia for 2021

State Budget revenues from VAT transfers also decreased – by about 8%

The State Customs Committee has published statistics on some indicators for Jan-Oct 2020

Consumer price index grew by 2.8% for past 10 months

Azerbaijan has published the data on the prices for consumer goods Jan-Oct 2020.

Vusal Gasimli: Liberation of Shusha means period of economic revival

Vusal Gasimli: Potential for development of creative industries in Shusha is great

Shusha will once again become the center of the creative industry not only in Azerbaijan, but also in the entire Caucasus.

These economic ties are restored

All economic and transport links in the region are being restored

State spent over AZN 200 million on salaried employees

The Ministry of Economy has distributed information about the payment of a certain part of wages to salaried employees

Situation in Armenia gets worse – economy expected to decline almost by 5%

The economic problems caused by the coronavirus (Covid-19) pandemic in Armenia are compounded by the escalation of the Nagorno-Karabakh conflict

2 more companies with equity capital of AZN 100,000 registered in STP

Two more companies have been created in Azerbaijan

Inflation in Turkey approaches to 12%

This October`s consumer price index (inflation) increased by 11.89% in Turkey versus October 2019

Hikmet Hajiyev: Vejneli gold was used as a brand name

One of Azerbaijan`s largest gold deposits liberated from occupation

One of the largest gold deposits in Azerbaijan, the village of Vejneli, has been liberated from occupation

Central Bank forecasts no more than 3% inflation at end of 2020

Azerbaijani Central Bank`s chairman Elman Rustamov has conducted an online press conference, where he explained some matters