Forecast for 2022: Azerbaijan's economy to grow by 2.8%

According to the updated forecast of the International Monetary Fund (IMF), Azerbaijan's economy will grow by 2.8% this year.

Gold extraction in Azerbaijan lowers more than by 26%

Gold production in Azerbaijan reached 608.2 kg for Jan-Mar 2022 (26.7% less versus Jan-Mar 2021)

Moody's: Russia's position to be regarded as a default in this case

Another resident appears in SKSP - number of its residents has reached 26

Beverage production in Azerbaijan increases

In the first 3 months of 2022 the beverage production in Azerbaijan grew by 20% against the same period of last year

Mikail Jabbarov: State Budget tax revenues grew in 1st quarter of 2022

Azerbaijan State Budget tax revenues increased by 34.4% for the 1st quarter of 2022 (against Q1 of 2021)

President: Inflation rises to certainly high indicator of 18% for past 3 months

US inflation rose last month

Azerbaijan registers growth of taxpayers

As of 1 April 2022, Azerbaijan numbered 1,360,747 taxpayers (9.7% more against Jan-Mar 2021).

Measures to prevent Russia's default underway

New WB forecast for European countries: growth from 5.7% to 11.3%

The World Bank has published a report on the slowdown in the Turkish economy this year.

WB predicts slowdown in Turkish economy

The World Bank lowered in its report the growth expectations in 2022 on Turkey and raised expectations for 2023.

WB: Inflation in Azerbaijan to be 9% in 2022

The World Bank has changed the forecast on inflation in Azerbaijan.

WB forecast on Azerbaijan: Economic growth to slow down

The World Bank has lowered its forecasts on the growth of GDP in Azerbaijan in 2022 and 2023

Financial sanctions applied against Soliton LTD

WB gives negative forecast on Ukraine and Russia

Inflation in Hungary reaches the highest level in last 15 years

In March, inflation in Hungary continued to rise with consequences such as pre-election record spending, loss of currency value and rising oil prices.

What will be economic growth in Azerbaijan this year? – Forecast

According to the updated forecast of Fitch Ratings, Azerbaijan's GDP will grow by 2.7% this year, ABC.AZ informs with reference to Agency's report.

AzerGold buys land plots and houses in Goygol village

AzerGold is working on the development and expansion of existing production facilities, as well as the creation of new sources of deposits.

Russia may face default

If Russia does not repay its debts in dollars by 4 May, it will face a technical default.

Azerbaijan's chemical industry exports grew 10–fold

According to April’s issue of the Export Review, for Jan-Mar 2022 Azerbaijan's exports amounted to $8 bn and in the non-oil sector - $727.2 million.