STP Group of Companies signs a memorandum

A Memorandum of Understanding on strategic cooperation has been signed between STP Group of Companies and the Alat Free Economic Zone.

CAERC: A new stage of economic reforms starts from next year

A new stage of economic reforms will begin in 2022

Number of taxpayers in Azerbaijan exceeds 1.3 million

As of 1 October 2021 Azerbaijan numbered 1,301,903 taxpayers.

IMF statement on Azerbaijan's economy

The main drivers of the current economic recovery in Azerbaijan are the non-oil sector, the acceleration of vaccination and fiscal and financial measures taken by the State

Economy Minister made a statement about subsidizing of credit interests

Residents of industrial parks exempt from paying taxes for 5 years more

Azerbaijani President Ilham Aliyev has approved laws on amendments to the Tax and Customs Codes.

Implementation of Zangezur Corridor can contribute to economic potential of region

Azerbaijan develops in accord with Fourth Industrial Revolution requirements

IMF forecasts Azerbaijan's economy to grow by 3% this year

Azerbaijan accelerates the pace of economic growth every month.

Economy Minister Mikail Jabbarov met with Turkish ambassador

Economy Minister Mikail Jabbarov has met with Turkish Ambassador to Azerbaijan Jahit Bagci

Azerneshr’s profit increased after incurred loss

State publishing house ‘Azerbaijan’ (Azerneshr) completed 2020 with profit of AZN 125,000. In 2019 the publishing house suffered losses in the amount of AZN 98,000.

Moody’s affirms Azerbaijan’s credit ratings at ‘Ba2’

International rating agency Moody's has confirmed the long-term rating and the rating of priority unsecured obligations of Azerbaijan at the Ba2 level

Nonoil sector tax transfers to Azerbaijan’s budget increased

The State Tax Service under the Ministry of Economy has disseminated information on the results in the field of tax revenues and social insurance payments

State-run company has released a new series of gold coins for sale

Gold producer AzerGold has released a new series of gold coins.

IMF raises forecast on Azerbaijan's GDP growth

According to the updated forecast of the International Monetary Fund, Azerbaijan's economy will grow by 3% this year.

Azerbaijan's external debt has grown

According to World Bank’s report, Azerbaijan's external debt has doubled over the past 10 years

Low-income countries’ debt increased

Since the beginning of the pandemic in 2020, the external debt of low-income countries has grown at a record pace - by 12%

Fitch: Azerbaijan's oil & gas sector to recover by 2023

Given the forecasts of Fitch Solutions, which promise that the average oil price in 2021 will be $70 and in 2022 – $67, the Azerbaijani oil & gas sector is likely to gradually recover until 2023

Moody's: Ratio of Azerbaijan's public debt to GDP to be lowest in region by 2023<

Fitch presents forecast: Azerbaijan’s economy to grow

Fitch Solutions forecasts that Azerbaijan&rsquo;s economy will grow by 2.5% in 2021 and by 3.3% in 2022.

Azerbaijan has changed these rules