Over 2.6% of funds directed for fixed assets in 2020

Over Jan-Jul 2020 AZN 7.59 bn was allocated for fixed assets or 2.6% more in Azerbaijan against the relevant term of 2019

Georgia`s debt to Azerbaijan declared

The amount of Georgia`s debt to Azerbaijan is $6.107 million.

Mikayil Jabbarov made new personnel appointments at Economy Ministry

Allahverdi Pashayev has been appointed deputy chief of staff at the Ministry of Economy in compliance with a relevant order of Economy Minister Mikayil Jabbarov

Azerbaijan`s GDP has decreased for past half of 2020

Over Jan-Jul 2020 Azerbaijan’s nominal GDP reached AZN 40.008 million or 2.8% less versus the same term of 2019

Azerbaijan’s annual inflation made up 2.9%

Products whose manufacture declined for Jan-Jun

GDP decline recorded – Economy minister explained on damage caused to Azerbaijani economy

A meeting, held these days at the Ministry of Economy of Azerbaijan, was attended by more than 280 entrepreneurs whose activities were affected by the pandemic

President`s order to put into operation another ore field

Azerbaijani President Ilham Aliyev signed on Thursday an order on the measures to put the Dashkesan iron ore field into operation

MP: Citizens can`t get their savings

MP Vahid Akhmedov expressed his attitude towards a number of matters at a meeting of Milli Majlis

MP: All enterprises operate in neighboring countries

Finance Minister: President sets new tasks to government

President Ilham Aliyev has set new tasks to the government at a meeting of the Cabinet Ministers

MP: Fall in oil revenues threatens to undermine balance of budget revenues

The matter of amendments to the Law on the State Budget of Azerbaijan for 2020 has been discussed at the session of the Parliament

Finance Minister: Azerbaijan`s budget deficit to increase

The State Budget deficit is to increase by an additional AZN 645 million

Finance Minister: Work on a new economic package underway

A new economic package is being prepared. We plan to continue the previous economic packages and assistance.

Accounts Chamber to submit its feedback to Milli Majlis - a meeting held

The regular session of the Board of the Accounts Chamber of Azerbaijan has been held in an online format

ADB makes a disappointing forecast on Azerbaijan

The Asian Development Bank (ADB) has released a new forecast on Azerbaijan

Damage caused in pandemic period under estimate

The validity term of the Law on Full Insurance of Protected Deposits has been extended until the end of this year. This law is currently in force

Fitch`s unpromising forecast: Azerbaijan`s strategic foreign exchange reserves to decrease

Azerbaijan declared volume of silver reserve

A new 20 million manat worth plant to be built in Azerbaijan

A new resident, Glassica CJSC, has been registered in Sumgait Chemical Industrial Park LLC, owned by the Ministry of Economy, thereby bringing the number of residents in the Park up to 22

Production of precious metal ores in Azerbaijan has increased