Minister got acquainted with activity of AzerBlast plant

Together with Zakir Ibrahimov, Chairman of the Board of Directors of AzerGold, and colleagues, we visited the Industrial Explosives Manufacturing Plant of AzerBlast LLC in Ganja.

Large industrial enterprises in China increased profits by 3.5%

The profit of large industrial enterprises in China grew by 3.5% year-on-year for Jan-Jun, exceeding 3.5 trillion yuans (more than $492 billion), ABC.AZ reports, referring to the Chinese State Statistical Office.

Toyota to build a new battery factory

Toyota plans to build a battery manufacturing plant to reduce the cost of its own models and keep up with BYD and other new Chinese electric vehicle manufacturers.

Loan portfolio of NAR Entrepreneurship Development Fund is 52.5 million manats

The loan portfolio of the Entrepreneurship Development Fund of the Nakhchivan Autonomous Republic totals 52.5 million manats.

Industrial production in Russia has grown

Industrial production in Russia increased in the 1st half of the year against the 2023 same term.

Number of residents of Pirallakhi Industrial Park reaches 7

Falck LLC has been awarded the status of a resident of the Pirallakhinsky Industrial Park.

New head of Nakhchivan Tax Service appointed

Products for 13.5 billion manats sold from industrial zones

By July 1, 2024, products for 13.5 billion manats were sold in Azerbaijan from industrial zones, some of which were exported for 4.4 billion manats

Azerbaijan’s economy minister discussed issues of economic cooperation in Italy

Azerbaijan's Economy Minister Mikayil Jabbarov has embarked on a working trip to Italy.

IMF raises Türkiye's GDP growth forecast

The International Monetary Fund (IMF) has raised its forecast for Türkiye's GDP growth in 2024 up to 3.6%.

ADB revises economic growth forecast for Caucasus and Central Asia upwards

Gabala industrial output for 8.6 million manats exported

Over Jan-Jun 2024, industrial enterprises of Gabala district, as well as individual entrepreneurs and households produced output in actual prices in the amount of 75.46 million manats.

Two more enterprises to start working in Sumgait Chemical Industrial Park

This year, two enterprises with total investment value of 39.2 million manats will start operating in the Sumgait Chemical Industrial Park.

China's GDP exceeds $8.6 trillion for 1st half of 2024

Over Jan-Jun 2024, growth rate of the Chinese economy reached 5%

Kazakhstan increased aluminum exports to Azerbaijan 8-fold

Over Jan-Apr 2024, Kazakhstan exported 43,100 tons of aluminum to Azerbaijan.

AZN 742 million of state finances saved due to digitalization of procurement process

Rate of active taxpayers has increased

As of July 1, 2024, the number of active taxpayers in the country has increased up to 778,000.

A textile factory to open in Lachin

Food products in Russia rose in price by 9.8%

In June 2024, annual inflation in Russia accelerated from 8.3% to 8.59%.

Rate of active VAT-payers increased by 7.9%

Industrial output for 31.5 billion manats produced in 1st half of 2024