Azerbaijan's GDP grew by 5.2% for Jan-Oct

Over the past 10 months Azerbaijan's GDP grew by 5.2% (versus Jan-Oct 2021) to AZN 111.028 bn

AzerGold declares about earnings - Report

AzerGold CJSC has announced about earnings from the sale of gold and silver in 2021.

Azeraluminium Supervisory Board held a meeting to discuss draft budget for 2023

Production of this output grew for past 10 months – Statistics

The production of cars, trailers and semi-trailers increased by 81.7% in Azerbaijan for Jan-Oct 2022.

State Budget tax revenues grew by 90.1%

The State Tax Service (under the Ministry of Economy) transferred AZN 13.998 bn of taxes to the State Budget for the past 10 months of 2022.

Rate of active taxpayers in Azerbaijan

As of 1 November 2022, the number of active taxpayers increased by 6% (versus early 2022) up to 705,061 people.

Azerbaijan produced a GDP of AZN 111 bn for Jan-Oct

Azerbaijan produced GDP of AZN 111 bn for Jan-Oct 2022, or 5.2% more against Jan-Oct 2021

IMF gradually worsens forecasts - inflation will rise

IMF’s latest forecast regarding global economic growth turned out to be more pessimistic than last month because of the consequences of the conflict in Ukraine and inflation.

Number of entrepreneurs willing to work in liberated territories grows

The number of companies and entrepreneurs willing to work and engage in production in the territories of Azerbaijan liberated from occupation is growing.

Entrepreneurs to save finances in this case

Today, most of the capital expenditures that entrepreneurs incur for the construction of production facilities are financially-intensive investments, such as the purchase of fixed assets or their import into the country.

Liquid detergent producer to be built in Jabrayil

AzerGold’s net profit decreased by 39%

AzerGold CJSC completed 2021 with net profit of $29.402 million (39% less than in 2020).

President Aliyev attends opening of olive oil processing plant

President Ilham Aliyev has attended the opening of the largest in the region olive oil and table olive products processing plant owned by Abşeron Zeytun Bağlari LLC.

Annual inflation in Turkey continues to grow

Annual inflation in Turkey was 85.51% at the end of October

Health insurance services to be exempt from taxes for another 1 year

In Azerbaijan, provision of medical insurance services at the expense of the Compulsory Health Insurance Fund is exempt from taxes for another 1 year.

President has endorsed agreement with Kazakhstan on trade and economic cooperation

IMF publishes forecast on countries of Caucasus and Central Asia

The International Monetary Fund (IMF) has published its economic forecast on the countries of the Caucasus and Central Asia, which are oil & gas exporters (CCA), which includes Azerbaijan.

4 more subjects of Agdam Industrial Park get resident status

The resident status has been granted to four more economic entities in Agdam Industrial Park.

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)