Pakistan and Azerbaijan establish a new chamber

The presentation of the Pakistan-Azerbaijan Chamber of Economic Cooperation (PAKAZCHAM) has taken place today

New jobs to be opened – AzerGold to increase number of employees

AzerGold attaches special importance to increasing the human resources potential, which is one of the most important elements for the development of the mining industry in the country

For 5 years AzerGold has sold about 8 tons of gold

AzerGold sold 248,000 ounces of gold (7.71 tons) and 446,000 ounces of silver (13.9 tons) during the 5-year period of activity

Azerbaijan-Kazakhstan bilateral ties discussed

Azerbaijani Economy Minister Mikayil Jabbarov met with the chairmen of board of Kazakh companies – Samruk-Kazyna JSC and KazMunayGas JSC

Azerbaijan ranks 28th on public debt

International insurance company Euler Hermes analyzed the state of public debt in 101 countries of Eastern Europe, Asia, Africa and South America

MP’s proposal: Tariff Council should be canceled

Milli Majlis has held a session today

Chinese companies invited to reconstruction works in Karabakh

Economy Minister Mikail Jabbarov met with Chinese Ambassador to Azerbaijan Guo Min

Tax revenues increased more than by 7%

Over Jan-May 2021 Azerbaijan’s tax revenues amounted to AZN 3.81 bn (a rise of 7.5% versus Jan-May 2020)

Georgia's economy grew by 26%

The real value of GDP produced in Georgia this May, compared with May 2020, exceeds 25.8%, ABC.AZ reports with reference to the National Statistical Office of Georgia

GDP growth in Azerbaijan for next year announced

The European Bank for Reconstruction & Development (EBRD) forecasts Azerbaijan's GDP growth at the level of 2% in 2021

Forecast: Azerbaijan's GDP growth rate to be 4.7%

International rating agency S&P Global Ratings predicts GDP growth of Azerbaijan in 2021 at the level of 2.4%

Vugar Bayramov about benefits from Zangezur corridor

The Zangezur corridor will create new economic opportunities not only for Azerbaijan, but also for the countries of the region as a whole

WB official: Azerbaijan should focus on developing several other non-oil sectors

The World Bank is preparing a research and analytical memorandum on the economy of Azerbaijan

Exploration work begins on 2 fields in Nakhchivan

AzerGold has launched active geological exploration work at Geydag ore deposit located in the territory of the Nakhchivan Autonomous Republic

Azerbaijan leader approved changes to Tax Code

President Ilham Aliyev has signed the law on the amendments to the Tax Code.

Zorlu Holding arrived in Azerbaijan - Memo of Understanding signed

The Memorandum of Understanding has been signed between the Ministry of Economy of Azerbaijan and Zorlu Holding, one of the leading companies in Turkey

Georgia's GDP growth rate decreased by 4.5%

The value of nominal GDP produced in Georgia in the 1st quarter of this year was 11.276 bn lari, ABC.AZ reports with reference to the National Statistical Office of Georgia

AZSTAND’s net profit decreased

The Azerbaijan Institute of Standardization (AZSTAND) completed 2020 with net profit of AZN 33,000 (3.8-fold less than in 2019)

Azerbaijan numbers more than 5 million economically active people

Saudi Arabia's economy lags behind by 3%

The General Authority for Statistics (GaStat) of Saudi Arabia has published data for the 1st quarter of this year

European economy to start to recover next year

European Central Bank’s president Christine Lagarde said she expected the European economy to return to pre-COVID-19 levels in Q1 of 2022