Fitch Ratings has updated its forecast on Azerbaijan

International ratings agency Fitch Ratings has updated its forecast on Azerbaijan’s economy

ADB predicts Azerbaijan’s services sector to increase by 2.8%

The ADB forecasts the growth of industrial production in Azerbaijan at the level of 2.1% in 2021 and 2.9% in 2022 due to the increase in gas production and the revival in the construction sector

ADB forecast: Azerbaijan's economy to grow

The Asian Development Bank forecasts GDP growth in Azerbaijan at 1.9% in 2021

Machine-building plant opens in Hajigabul

On 20 April, President Ilham Aliyev attended the opening of Elberg machine-building plant in Hajigabul Industrial Town

IMF unveils forecast on Azerbaijan's non-oil sector

According to the updated forecasts of the International Monetary Fund (IMF), this year Azerbaijan’s budget revenues on the non-oil sector will make up 25.3% of non-oil GDP

Finance Ministry: Will Customs Committee justify forecasts?

Azerbaijan’s Tax Service exceeded forecast on transfer to State Budget

Azerbaijan’s budget has surplus of over AZN 200 million

SOFAZ reduced transfer to State Budget

Azerbaijan has reported about growth of consolidated budget revenues

State Budget expenditures executed in excess

Quantity of VAT payers has increased versus 2020

The number of legal entities whose activities were activated (resumed) in the 1st quarter of this year amounted to 2,840 ones

Number of economically active population in Azerbaijan published

Azerbaijan and Japan sign a new cooperation agreement

The Ministry of Economy of Azerbaijan and Japan's Nippon Export & Investment Insurance (NEXI) have signed a memorandum of cooperation

President Ilham Aliyev attended the opening of Hajigabul Industrial Town

On 20 April, the opening of the Hajigabul Industrial District took place

Number of taxpayers has increased

Azerbaijan has registered 1,240,652 taxpayers as of 1 April 2021. Of them, individuals made up 87.7%, while legal entities and other organizations 12.3%.

Forecast: State Budget deficit to exceed 5% this year

The ratio of the State Budget deficit to GDP in Azerbaijan in 2021 is projected at 5.2%

Over AZN 60 million returned to population in Azerbaijan as part of VAT refund

Sumgait Chemical Industrial Park’s director dismissed - new appointment

Director of Sumgait Chemical Industrial Park LLC Nazim Talibov has been relieved of his post

GDP per capita reached 1,891.1 manats for Jan-Mar

Over Jan-Mar 2021 Azerbaijan produced GDP for AZN 18.9 bn

China's economy grew more than by 18%

China's economy increased by 18.3% in the first 3 months of this year compared with the same term of last year