Turkish company to get Aghdam Industrial Park resident status

Turkish company Birlik Deri, specializing in the production of leather products, is planning to develop activity in the Karabakh economic region of Azerbaijan

Minister: Hungary invests in Azerbaijan in field of energy drinks

Energy projects between Hungary and Azerbaijan are ongoing.

Azerbaijan and Kyrgyzstan abolish double taxation

Fitch Ratings may raise Azerbaijan's credit rating

Decrease in number of taxis led to growth of prices

There is an increase in prices for taxi services.

Surplus forms in State Budget — Revenues exceed expenses

State Budget revenues in the 1st quarter of 2024 amounted to 9.234 bn manats and expenses — 8.412 bn manats.

Economy Minister discusses cooperation with EBRD within COP29

Double taxation abolished between Azerbaijan and Türkiye

EL Metal Plus profit sharply decreased

EL Metal Plus CJSC completed 2023 with profit of 1.55 million manats. Company’s profit for 2022 totaled 3.505 million mantas (3.3-fold less than a year earlier).

Cement production in Azerbaijan has increased – Report     

These justice workers to be compensated

Baku Airport again awarded Skytrax

Heydar Aliyev International Airport has once again confirmed its status as one of the best airports in the region, winning two categories at the prestigious Skytrax World Airport Awards 2024, informs the Press Service of the Airport.

Sales of Anglo Asian Mining plc in Azerbaijan decreased

UK’s Anglo Asian Mining plc has announced sales in Azerbaijan.

Major infrastructure projects facing the government in coming years disclosed

Major infrastructure projects facing the government in the coming years have been disclosed.

Economy Minister: GDP grew by 4% in 1st quarter against Q1 of 2023

Production of plastic bags increased by 64%

Our country produced 6,228.1 tons of bags and bags made of polyethylene for Jan-Mar 2024.

Azerbaijan increases gold production — Reason

During the first quarter of 2024, the production of precious metals in Azerbaijan increased compared with Q1 of 2023.

International organization published forecast on economic growth in Azerbaijan

International Corporation of Banking & Financial Services of the Netherlands ING (Internationale Nederlanden Groep) has updated its forecast on economic growth in Azerbaijan.

WB: Growth of non-energy sector in Azerbaijan to be up to 4%

The growth of the non-energy sector in Azerbaijan is expected to be up to 4% in 2024. This is primarily linked with active expansion of the construction sector.

Buying and selling land by proxy is fraught with difficulties

Some citizens buy land by proxy and build houses without taking into account future risks.

Production of this output in industrial sector has fallen — Report

Industrial enterprises and individual entrepreneurs working in this field produced industrial output for 15.7 billion manats for Jan-Mar 2024.