List of the most economically strong and weak regions of Azerbaijan

The strongest and weakest regions of Azerbaijan in economic terms have become known.

Forecast: Average annual inflation in Azerbaijan to be at the level of 5%

Trading Economics, the portal of international economic statistics, predicts average annual inflation in Azerbaijan in 2024 at the level of 5%

Industrial zones to be created in 3 liberated cities

Industrial zones will be created at the entrance to the cities of Zangilan, Jabrayil and Gubadli, liberated from occupation.

Number of tax complaints has decreased

Cabinet: Necessary measures to combat inflation to be continued

Next year, the measures aimed at keeping inflation at a level that does not harm macroeconomic and financial stability in Azerbaijan will be continued.

Azerbaijan's State Budget surplus lowers by 41%

State Budget revenues amounted to 6.555 bn and expenditures AZN 5.25 bn for Jan-Feb 2024.

Decline of 2.4% occurs in production of finished metal products

Output for 197.7 million manats was manufactured in the fields of the metallurgical industry and production of finished metal products for Jan-Feb 2024.

Over 545 million manats of VAT refunded for 2 months

Production of this output in Azerbaijan has decreased - List

Over Jan-Feb 2024, industrial enterprises and individual entrepreneurs in Azerbaijan produced industrial output for 10.2 bn manats.

Entrepreneurs produced industrial output for 10.2 bn manats in Azerbaijan

The industrial enterprises and individual entrepreneurs working in this field manufactured industrial products for 10.2 bn mantas for Jan-Feb 2024.

MP: Voluntary tax payments in Azerbaijan reach 90%

Voluntary tax payments in Azerbaijan have reached 90%, whereas five years ago they made up about 60%.

Azerbaijan observes growth of GDP production

Over Jan-Feb 2024, Azerbaijan produced GDP of 18.576 bn manats, or 5% more against Jan-Feb 2023

Taxpayer rate in Azerbaijan grew by 7.8%

As of March 1, 2024, 87.3% of 1,531,963 taxpayers registered in the country were individuals, while 12.7% - legal entities and other organizations.

Two new tax offices established in liberated lands

Currently, two new tax administrations have been created and incorporated into the structure of the occupation-liberated territories.

Zabukhchay water reservoir to be put into operation by mid-2024

It is expected that the water storage reservoir in Zabukh village of Lachin district will be commissioned by mid-2024.

State Budget revenues from customs committee decreased in 2 months

Over Jan-Feb 2024, the budget revenues from the State Customs Committee amounted to 959.342 million manats.

Age limit is set for employees of tax authorities

The age limit for service in the tax authorities is set.

These tax officials to receive monetary compensation

It is planned to strengthen the social protection of tax officials.

Tax collections in districts of Azerbaijan increased

In 2023, tax collections in the districts of Azerbaijan increased by 11% versus 2022.

Percentage of inflation in last month unveiled

Every car out of ten produced in Hajigabul is sold abroad