Azerbaijan records a rise of production on machinery and cars

Azerbaijan produced machinery and equipment for AZN 212.8 million, other transportation vehicles, cars, trailers and semi-trailers over Jan-Aug 2020

Cause of deficit formed in State Budget

Azerbaijani State Budget revenues for Jan-Aug 2020 amounted to AZN 15.95 bn and expenditures AZN 16.356 bn

ADB forecasts decline on Azerbaijan`s GDP

The Asian Development Bank has released a forecast on Azerbaijan

Economy Minister: Sumgait Chemical Industrial Park’s activity to be expanded

65 hectares of the Sumgait Chemical Industrial Park (SCIP) with an area of over 500 hectares are free. Interest to these territories is also great.

Azerbaijan reports AZN 4,600 of GDP per capita for past 8 months

Azerbaijan has unveiled the statistical data on GDP for Jan-Aug 2020

GDP fell by 3% in Azerbaijan for Jan-Aug

GDP produced in Azerbaijan for the past 8 months has been announced

President Ilham Aliyev: We also depend on foreign tobacco for our cigarette production

Azerbaijan’s head: Our oil fields to run out eventually

Naturally, one day our oil fields will be exhausted

A glass producer to open in Azerbaijan

A glass manufacturing plant will start operating in Sumgait.

Geologists-scientists to cooperate with AzerGold on new mining projects

Economy Minister to hold training for these candidates

Economy Minister Mikayil Jabbarov will conduct a training course for candidates who have passed the full-time stage of competition ‘Ascent’

Finance Ministry held an auction for placement of bonds for AZN 20 million

New subrtesian wells under drilling in Terter and Barda districts

The drilling of new subartesian wells has been launched in the villages of Terter and Barda districts of Azerbaijan, ABC.AZ was informed at national water operator Azersu.

Terter district reports growth of potato production by 112.9 centners

Goychay district reports a rise in meat production by 95 tons for Jan-Aug

Azerbaijan withdrew investments in a large amount from Georgia

Worlds giant country on verge of an economic crisis – A record drop

Forecast of global car industry has changed to stable - Deliveries to increase

International rating agency Moodys has changed the forecast for the global automobile industry from ‘Negative’ to ‘Stable’ against the background of the expected recovery in car sales.

AzerGold to issue bonds first time

Some roads in Baku to be closed for 11 days

Forecast: A serious economic crisis awaits the world

A number of experts predict a new economic crisis in the world in the near future, ABC.AZ reports with reference to Bloomberg