Nakhchivan's economy grew by 1.1%

GDP of the Nakhchivan Autonomous Republic amounted to AZN 2.907 bn for 2020

Industrial output decreased by 5%

Azerbaijan's GDP fell by 4.3% in 2020

Azerbaijan's GDP decreased by 4.3% (versus 2019) to AZN 72.4 bn for the past year

Deficit of AZN 1.74 bn formed in State Budget 2020

Last year Azerbaijan's State Budget revenues amounted to AZN 24.67 bn (1.9% more versus 2019)

What does opening of communications in South Caucasus promise?

Vusal Gasimli: Opening of communications in the region can increase our exports for AZN 1.2 bn

A tripartite meeting between President Vladimir Putin of Russia, President Ilham Aliyev of Azerbaijan and Prime Minister Nikol Pashinyan of Armenia tooj place on 11 January

Baku industrial enterprises’ warehouses had finished products for AZN 289 million for Jan-Nov 2020

The Baku City Statistics Department has published a report on industrial output manufactured in Baku for the first 11 months of 2020

Private sector share in Baku's industrial sector is 78.7%

Over Jan-Nov 2020 goods and services produced in the industrial sector of Baku reached AZN 27 bn.

A proposal made to create Azerbaijan-Ukraine Business Council

Azerbaijani Economy Minister Mikayil Jabbarov has met with Ukrainian Ambassador to Azerbaijan Vladislav Kanevsky

How will Azerbaijan estimate damage caused to liberated territories?

The single basis for calculating the damage caused to the occupation-liberated territories was created from angle of planning and methodology of work

Territories liberated from occupation to be restored in four stages

To ensure a comprehensive approach towards the restoration and development of the territories liberated from occupation, it is planned to carry out activities in four stages

Economy Minister: Concept on restoration of occupation-liberated lands prepared

The concept of restoration and development of the occupation-liberated lands has been prepared

An industrial park to be created in this liberated village

Creation of an industrial park is planned in Sugovushan village

President signs a decree on creation of a new structure

Forecast: Georgia`s economy to grow by 4%

The World Bank forecasts recovery in Georgia`s economy this year and growth of 4% by the end of the year

WB forecast: Azerbaijan`s GDP decline by 5% for 2020

The World Bank has presented the January`s report - Global Economic Prospects (GEP).

New tax initiatives aimed to increase budget revenues under launch

Starting from this year Azerbaijan is to reduce tax and customs privileges and launch new trade initiatives

WB predicts growth of Azerbaijan`s economy

The World Bank has unveiled a new forecast on the economy of Azerbaijan

Warning: Temporary tax regime has expired

The temporary tax regime also concerned the food service sector affected by the pandemic

Azerbaijan exempts from coronavirus vaccines from VAT

The proposed changes to the Tax Code have been submitted for discussion in the 3rd reading at today`s Milli Majlis meeting

MPs consider Draft State Budget in 3rd reading