Sarah Michael: Azerbaijan has grown from a low-income country to a middle-income country

Over the past 30 years Azerbaijan has achieved notable economic growth, rising from a low-income country to a middle-income country.

Tax debt to State Budget increased

Tax debts to the State Budget of Azerbaijan as of 1 July 2022 are estimated at AZN 2.29 bn (18% more against the end of 2021 and 36.6% more than at the end of last June).

Receipts on contributions to compulsory social insurance grew more than by 18% for Jan-Sept

The contributions on compulsory state social insurance in Azerbaijan amounted to AZN 3.3 bn for the first 9 months of 2022 (18.4% more versus Jan-Sept 2021)

Expert: Rise in food prices next year is inevitable

"Starting from next year, an increase in food prices is inevitable. We also observed this when analyzing changes in the production price index."

Economy Minister: Cost of products in industrial zones exceeds 41%

Annual inflation in Russia falls for past week

Rate of active taxpayers grew by 5.2% for past 9 months

As of 1 October 2022, the quantity of active taxpayers increased by 5.2% (against early 2022) up to 699,553 people.

Forecast on dividends from state-run enterprises tripled

Forecast on state duty revenue for 2023 increased by 25%

State Budget expenditures for 2023 increase

Road tax revenue forecast for 2023 increased by 7.4%

Forecast on income tax of individuals grew by 13% for 2023

A UK company starts searching for gold in Zangilan

Anglo Asian Mining PLC has started intensive exploration work at Vezhnali gold deposit of Zangilan district

Mikail Jabbarov: Azerbaijan's GDP has grown by 5.6% for Jan-Sept

Azerbaijan's GDP increased by 5.6% (versus Jan-Sept 2021) up to AZN 98.77 bn for Jan-Sept 2022 and in the nonoil & nongas sector by 10.1% up to AZN 50.285 bn.

Natig Jafarli: To fight inflation, it is needed to increase long-term local production

Expert Natig Jafarli made a statement about the rise in prices in Azerbaijan and expressed alarm about the situation.

Annual inflation rate in UK rose to 10.1% in September

Consumer prices in the UK jumped 10.1% year-on-year in September.

GDP production in Azerbaijan increased

Over Jan-Sept 2022, enterprises, organizations and individual entrepreneurs of Azerbaijan produced GDP in the amount of AZN 98.1 bn, or 5.6% more versus Jan-Sept 2021.

Inflation is expected to slow down in U.S.

Inflation, which has caused sharp fluctuations in many markets in recent months, is expected to slow down in the U.S.

Attention in global markets is focused on U.S.

Attention in the global markets is focused on information about inflation in the U.S.

Industrial production in eurozone has grown

The industrial production in the eurozone in August 2022 increased by 2.5% year-on-year, and for the month - by 1.5%.

IMF predicts a 35% drop in Ukraine's GDP in 2022

The International Monetary Fund (IMF) predicts a 35% decline in Ukraine's GDP by the end of 2022, but decided to refrain from assessing the longer-term outlook due to "an unusually high degree of uncertainty"