New deputy economy ministers appointed

New deputy economy ministers have been appointed.

Head of the Antimonopoly Supervision Service appointed

Deputy Economy Minister: Azerbaijan's non-oil exports increased by 44%

Azerbaijan's economy grew by 5.3% and the non-oil sector by 6.4% for Jan-Nov 2021

Mikail Jabbarov: This year non-oil exports grew by 44%

GDP growth rate in Azerbaijan turned out to be higher than forecasts this year, stated Economy Minister Mikail Jabbarov.

Gold extraction in Azerbaijan observes growth

Sumgait Chemical Industrial Park exported for AZN 764 million over Jan-Nov

The first industrial park of Azerbaijan – the Sumgait Chemical Industrial Park – is marking today the 10th anniversary of its establishment

Balance formed in Azerbaijan's economy for past 11 months

Azerbaijan's foreign trade operations for the past 11 months of 2021 (Jan-Nov) reached $30.209 bn

A new enterprise with at least 150 jobs to open in Pirallahi

The Azerbaijani Ministry of Economy has held a meeting with the delegation of Turkish holding company Demiroren.

Data published on enterprises created in Ganja for first 9 months

A forest belt under creation in Agdam Industrial Park - Photo

Work on the creation of a social zone has been completed in the Agdam Industrial Park.

Forecast: China to overtake U.S. on GDP

China will surpass the U.S. on GDP in 2033, but the U.S. can regain leadership in 2050

Inflation in UK has grown more than by 5% in November

The inflation figures in the UK increased by 5.1% year-on-year in November.

New appointment at Ministry of Economy

The executive director of the Center for Analysis & Coordination of the Fourth Industrial Revolution under the Ministry of Economy has been appointed

ADB forecast on economic recovery of Azerbaijan

The GDP growth projection for 2021 is raised substantially from 4.1% to 4.7% on Central Asian Region

Forecast: Azerbaijan's real GDP to grow by 3.9% in 2022

The State Statistics Committee of Azerbaijan has published statistical data on country's GDP for Jan-Nov 2021

Azerbaijan presents dynamics of economy growth for 11 months

Our country produced AZN 80.69 bn of GDP for Jan-Nov 2021 (5.3% more versus Jan-Nov 2020)

Saudi Arabia's budget observes deficit first time

The Cabinet Ministers of Saudi Arabia has adopted a budget for 2022, which will exceed the surplus for the first time since 2013

Azerbaijan to export sulfuric acid

Azersulfat LLC will put the sulfuric acid production plant into operation in March 2022

Annual inflation in Azerbaijan exceeds 6%

Number of VAT payers grew by 17.3%

As of 1 December 2021 the number of active taxpayers increased by 7.2% (against early 2021) up to 660,838 taxpayers.

State Budget tax revenues have increased this year

The State Tax Service under the Ministry of Economy increased the transfer of taxes and duties to the State Budget of Azerbaijan by 15.7% over Jan-Nov 2021 up to AZN 7.96 bn, and thereby the forecast was fulfilled by 21%.