Tax revenues in Nakhchivan increased by 33%

Whitewashing in shadow economy has accelerated

Studies show that the whitewashing of transactions concentrated in the shadow economy in Azerbaijan has accelerated.

Deputy chairman of board of Economic Zones Development Agency leaves his post

Zamir Dibirov has left the post of deputy chairman of board of Economic Zones Development Agency (under the Ministry of Economy).

Mineral extraction tax receipts to decrease next year

Mineral extraction tax receipts for the next year will amount to 158.3 million mantas (3.7 million mantas, or 2.3% less than the forecast for 2023).

Corporate income tax receipts next year announced

Income from corporate income tax for the next year is provided in the amount of 5.675 billion manats.

Mingachevir Industrial Park produced output for AZN 54 million

Over the first 9 months of 2023, the Mingachevir Industrial Park, specializing in textiles, produced output for AZN 54 million (18% more versus Jan-Sept 2022).

25.6% of state real estate leased

As of July 1, 2023, there were 10,121 non-residential buildings and parts of buildings with total area of 4.426 million sq m at the disposal of the State Service for Property Issues under the Ministry of Economy.

Pakistan shows interest to drug production in Azerbaijan

Size of AzeSteelCompany's losses for 1st half of 2023

AzeSteelCompany OJSC has suffered the loss of AZN 1.5 million in the 1st half of 2023, exceeding expenses.

Minister: State's equity stake in large state-run enterprises to be reduced

Measures to ensure transparency of public procurement are underway in Azerbaijan.

Amount not credited to budget in connection with benefits and exemptions for past year

Minister: Share of non-oil/gas sector in GDP to exceed 78% in 2027

The average annual inflation in Azerbaijan is projected at 9.5% this year.

GDP production in Sumgait observed growth for Jan-Sept

JPMorgan: Israel's economy may shrink by 11%

Israel's economy is facing potential contraction in the fourth quarter of 2023.

A new production facility opens in Jabrayil district

A new production enterprise has started operating in Jojug Marjanli village of Jabrayil district.

EU economic growth has slowed down

European Union leaders have said economic growth is slowing and inflation is a concern.

CBA: Digitalization of banking sector leads to increase in fraud

With the development of digitalization in the banking sector, the number of fraud cases is also growing.

A new enterprise to open in Hajigabul industrial quarter - more than 1,500 jobs

It is planned to create more than 1,500 jobs at the new enterprise for the production of thermal insulation boards in the Hajigabul industrial quarter.

Profits of industrial companies in China increased

In China, industrial companies’ earnings have grown.

WB believes Palestinia-Israel conflict threatens the global economy

Fitch Solutions updates forecast on Azerbaijan

Fitch Solutions, a member of Fitch Group, has updated its forecast for economic growth in Azerbaijan for 2023.