Deutsche Bank predicts a wave of defaults

Deutsche Bank analysts say that the current market situation may lead to a wave of corporate defaults.

Economic activity costs increase by 36%

The State Budget 2023 financing related to economic activity will be increased by AZN 2.51 bn or 36.4% from AZN 6.89 bn to AZN 9.4 bn.

VAT revenue forecast increased by 18.4% in Azerbaijan

AZN 7.15 bn of revenues of the revised State Budget of Azerbaijan for 2023 will account for the share of income from VAT.

Türkiye’s foreign trade deficit grows

In April 2023, Türkiye's exports amounted to $19.3 bn (17.1% less against April 2022) and imports $28.69 bn (4.8% less).

India's market capitalization has grown to $3.3 trillion

India's market capitalization has increased up to $3.3 trillion amid the threat of default in the U.S.

Nakhchivan turns into free economic zone

Nakhchivan is turning into a free economic zone, new horizons are opening up for entrepreneurs and investors.

MP: State Budget revenues and expenditures for 2023 to be increased

The Draft State Budget for 2022 was discussed at MIlli Majlis and recommended for consideration at the plenary session.

By 2030, chip production market to reach $1 trillion - Forecast

The chip crisis between the U.S. and China is expanding.

Germany heads for technical recession

Alibaba cuts 1,000 employees of cloud business

Alibaba Group sent notifications to employees of its "cloud" division of Cloud Intelligence Group about the beginning of mass layoffs in preparation for its IPO.

Türkiye’s central bank to announce interest rate decision

A meeting of the Monetary Policy Committee of the Central Bank of the Republic of Türkiye will be held under the chairmanship of Shahap Kavjioglu.

Fitch has placed the US rating on list with ‘negative’ outlook

Azerbaijan unveils number of mortgage loans given within state line

ONS: Inflation in the UK slows to 8.7%

The annual inflation rate in the UK continued to decline.

In 2022, inflation in Türkiye exceeded 70%, which leads to growth of prices for products coming to us

How much money was allocated to Azeristiliktechizat to cover losses?

MP: State Budget socially oriented expenditures increased by AZN 4.4 bn for past 5 years

State Budget expenditures for social purposes have increased by AZN 4.4 bn over the past 5 years.

AZN 977.4 million allocated for compulsory medical insurance of population

Last year, AZN 977.4 million were allocated from the State Budget for compulsory medical insurance of the population.

In 2022, state companies of Azerbaijan paid dividends to State Budget for AZN 131 million

In 2022, other revenues to the State Budget of Azerbaijan amounted to AZN 546.8 million.

Assets of Azerbaijan's banking sector increased by 1.6% in April

State enterprises’ debt to budget decreased almost by 3%

The debt of public sector enterprises to the State Budget decreased almost by 3% in Azerbaijan in 2022.