President endorses the law on execution of State Budget for 2022

President Ilham Aliyev has approved the Law on the Execution of State Budget for 2022.

President Ilham Aliyev approves law on execution of State Budget

The State Budget 2023 revenues and expenditures have been increased.

Production of refrigerators in Azerbaijan grew 13-fold

Textile production in Azerbaijan fell almost by 3.6%

Azerbaijan produced textiles for AZN 164.9 million over Jan-May 2023 (versus textiles for AZN 171.1 million for Jan-May 2022).

Ilham Aliyev received OPEC Secretary General

Azerbaijani President Ilham Aliyev has received Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais.

WB reveals 3 most necessary reforms in Azerbaijan

Three reforms needed to be implemented in Azerbaijan, such as improving the availability of financial resources to increase productivity in the non-energy sector, increasing the private sector’s access to qualified human resources, and improving the competitive environment in the economy.

Azerbaijan’s car imports grew by 40%

The import of cars for various purposes to Azerbaijan increased by 40.4% up to 40,264 motor vehicles for Jan-May 2023.

Azerbaijan's foreign trade turnover has positive balance – decline of 10%

Azerbaijan conducted trade operations with foreign countries for $22.95 million for Jan-May 2023 (11.7% more against Jan-May 2022)

State Budget 2023 revenues and expenditures increase

The revenues and expenditures of the State Budget of Azerbaijan for 2023 are increased.

Sock production has grown in Azerbaijan

Azerbaijan produced 1.331 million pairs of socks for Jan-May 2023.

Sarah Michael: If Azerbaijan does not diversify its economy, GDP to grow by only 10%

Under the existing growth model, Azerbaijan’s GDP per capita may only increase by 10 percent over the next 30 years

A company created a month ago liquidated

Only an established investment company is being liquidated in Azerbaijan.

Surplus of AZN 2.82 bn generated in State Budget for Jan-May

Ford opens a factory for production of electric vehicles

China intends to limit use of Wi-Fi and Bluetooth

The Cybersecurity Department of China has published a bill that provides for limiting the use of small-range Internet networks by citizens.

Tax transfers to State Budget of Azerbaijan grew by 45%

Ilham Aliyev has taken part in opening ceremony of Stage 1 of Alat FEZ

President Ilham Aliyev has participated in the opening ceremony of the 1st stage of the Alat Free Economic Zone.

NBCOs to be able to issue credit cards

In Azerbaijan, it is proposed to grant the right to issue credit cards to non-bank credit organizations

Orkhan Mammadov: Shortcomings revealed in field of sand and gravel extraction

Shortcomings in the field of sand and gravel extraction have been revealed in Azerbaijan

Azerbaijan’s turnover of mutual tourism services grew by 34%

The turnover of mutual tourism services of Azerbaijan increased by 34.3% up to $427.2 million In the 1st quarter of 2023

Rate of taxpayers has increased in Azerbaijan

Azerbaijan registered 1,452,702 taxpayers as of June 1, 2023 (6.9% more than on June 1, 2022)