Georgia has sharply reduced budget – about 4 bn lari

The budget of Georgia for 2021 will be reduced by 3.6 bn lari (compared with 2020) to 14.7 bn lari

EBRD gives forecast for Azerbaijan: economy to grow

The European Bank for Reconstruction & Development has released its forecasts on the economic growth of Azerbaijan for the next year

Production of this precious metal grew by 51 kg

August`s production of precious metal ores and concentrates totaled to 700.5 kg in Azerbaijan

Azerbaijan`s silver extraction for August grew by about 48 kg

Azerbaijan produced 372 kg of silver in August 2020

U.S. economy shrank more than by 31%

The U.S. economy contracted significantly in the 2nd quarter of 2020

Data unveiled on grown extraction of some ores – over 12 tons

243.7 tons of the main types of products in the mining industry of Azerbaijan accounted for copper ores and concentrates in August

SCIP resident increased equity capital by 60%

Azmonbat LLC, a resident of the Sumgait Chemical Industrial Park (SCIP), has increased its authorized capital by AZN 1.5 million or 60%

Economy Minister`s optimistic forecast: GDP fall to be insignificant in 2020

The Ministry of Economy of Azerbaijan has revised the forecast on GDP decline by the end of 2020

Nakhchivan reports about a sharp rise on construction projects

All the financial sources of the Nakhchivan Autonomous Republic directed AZN 661.448 million for fixed assets as part of investments for Jan-Aug 2020

Statistical data unveiled on industrial production of Nakhchivan

The State Statistics Committee of the Nakhchivan Autonomous Republic has published a report on a number of indicators

8 industrial enterprises to start operating in near future

Azerbaijan`s district with grown GDP by 1.4%

Over Jan-Aug 2020 the Nakhchivan Autonomous Republic produced GDP for AZN 1.84 bn

WB rep: Recovery after economic crisis may take 5 years

The global economy may take up to 5 years to recover from the crisis caused by the new type of coronavirus (COVID-19) pandemic

WB: Efficiency of financial resources for ensuring better healthcare must be increased

WB`s report on Azerbaijan - Human capital must be strengthened

Although Azerbaijan has made progress in health and education, it should invest more in strengthening its human capital, the World Bank`s report says.

AzerGold plans to become largest mining company in region by 2035

Azerbaijan says about growth of tobacco production

Azerbaijan has unveiled the data on the tobacco products made for Jan-Aug 2020.

Azerbaijan records a rise of production on machinery and cars

Azerbaijan produced machinery and equipment for AZN 212.8 million, other transportation vehicles, cars, trailers and semi-trailers over Jan-Aug 2020

Cause of deficit formed in State Budget

Azerbaijani State Budget revenues for Jan-Aug 2020 amounted to AZN 15.95 bn and expenditures AZN 16.356 bn

ADB forecasts decline on Azerbaijan`s GDP

The Asian Development Bank has released a forecast on Azerbaijan

Economy Minister: Sumgait Chemical Industrial Park’s activity to be expanded

65 hectares of the Sumgait Chemical Industrial Park (SCIP) with an area of over 500 hectares are free. Interest to these territories is also great.