10 more water-storage reservoirs to be built in Azerbaijan

Inflation in Georgia rises since last March

Since March 2021 the annual inflation in Georgia has been growing

Inflation grew more than by 13%

The annual inflation in Georgia made up 13.3% this May (12.8% a month ago)

Inflation has jumped sharply to 73.5% in Turkey

Russian company plans to produce electricity meters in Sumgait

A meeting with a group of employees of Milur IS LLC (Russia) has taken place in the Sumgait Chemical Industrial Park, which is under the management of the Agency for the Development of Economic Zones (IZIA).

A new record on inflation in eurozone

According to preliminary estimates, the annual inflation in 19 eurozone countries accelerated in May to a record 8.1% in the history of observation from April's 7.4%

Mikail Jabbarov about growth of tax revenues on nonoil & gas sector

Economy Minister: Private sector receipts increased by 45%

Over AZN 228.5 million refunded to consumers

Forecast: Recession awaits global economy

World Bank’s president David Malpas does not rule out recession in the global economy in connection with the situation in Ukraine.

Minister: Tax revenues from nonoil sector increased

Tax revenues from the non-oil sector have increased.

Economy Ministry has prepared scenarios in three directions

A producer company renamed

EKSPRESS-C has been renamed for AzeSteelCompany.

Azerbaijan published data on gold production

Inflation exceeds 9% in UK

The consumer price index (inflation index) in the UK increased by 9% for April 2022 against April 2021.

China's state budget has shrunk almost by 5%

China's state budget revenues for Jan-Apr decreased by 4.8% year-on-year, amounting to 7.42 trillion yuan (approx. $1.09 trillion at the current exchange rate).

Economic growth in Azerbaijan makes up 7.2% for past 4 months

Economy Minister Mikail Jabbarov delivered speech about the economic situation in the country at the EU-Azerbaijan Business Forum held in Baku today.

Tax Service revenues declined

GDP production increased over past 4 months

Azerbaijan produced GDP for AZN 39.55 bn for Jan-Apr 2022 (7.2% more against Jan-Apr 2021)

Resident status granted to 2 more companies of Agdam Industrial Park

The resident status has been granted to two more companies in the Agdam Industrial Park under the Ministry of Economy, and the number of residents there has reached nine.

Resident status granted to 101 business entities to date