Vice president of Anglo Asian Mining plc increases his share in company

Default is expected in Armenia - dram devaluation observed

Both economic and political upheavals have occurred in Armenia.

President: Our gold and foreign exchange reserves are 10-fold higher than GDP

President Ilham Aliyev has announced some figures on Azerbaijan's development indicators in his speech at the 74th International Astronautical Congress.

Inflation in eurozone declined this September

The inflation rate in the eurozone fell in September to 4.3% year-on-year from 5.2% in August, ABC.AZ reports, referring to Eurostat.

AzerGold's revenues sharply decreased - what happens in state-run company?

AzerGold CJSC exported products for $50.1 million for Jan-Aug 2023.

Industrial companies’ incomes in China increased

The income of industrial companies in China rose in August, for the first time this year.

EBRD updates forecasts on Azerbaijan

Sock production in Azerbaijan fell by 7.2%

Gas emissions lowered, European economy grew by 3.5%

European Union Commission’s president Ursula von der Leyen delivered speech at the opening of the 2023 Green Course Summit in the Czech Republic.

Issuance of green card to those traveling to Russia by car halted

The issuance of a Green Card to drivers traveling from Azerbaijan to Russia by car has been suspended

This public service doubles payments to state budget

Over Jan-Aug 2023, the State Service for Property Issues (under the Ministry of Economy) transferred 111 million manats to the State Budget.

Azerbaijan's consolidated budget to reach about AZN 42 billion in 2024

The revenues of the consolidated budget of Azerbaijan in 2024 will amount to 38.578 billion manats and expenditures – 41.956 billion manats.

Housing and utilities costs increase by 4.8%

It is predicted that in 2024, expenditures on housing and communal services in Azerbaijan will amount to 364.8 million manats.

Azerbaijan to introduce a range of tax benefits in 2024

In 2024, according to the main directions of the revenue policy, it is planned to diminish population’s tax burden through social benefits, as well as stimulate entrepreneurial activity.

Economy Ministry to buy consulting services for AZN 1.5 million

Construction & Supply Association LLC (under the Ministry of Economy) has concluded a contract for AZN 1.5 million with Omni LLC.

Tax burden on population to be reduced

The tax burden on the population will be reduced.

Stellantis opens Battery Technology Center in Italy

Stellantis Corporation continues to invest in electrification in the automobile industry.

AzerGold sales declined

AzerGold's sales decreased in the 1st half of 2023, ABC.AZ informs with reference to AzerGold’s audit report for the half-year.

Annual inflation in UK was 6.7% in August

The inflation in the UK in August decreased to 6.7% in annual terms versus 6.8% in July.

Global debt reaches record of $307 trillion

Global debt reached a record of $307 trillion in the 2nd quarter of 2023, despite rising interest rates around the world

ADB forecasts inflation of 10% in Azerbaijan