Forecast: Revenues to fall in 20 economic sectors most affected by pandemic

An analysis of GDP using the expenditure method shows that household and government consumption, as well as net exports, will tend to decline in the remainder of the year

Vusal Gasimli says about expectations of finding new financial sources

In accordance with the current budget legislation the priority of budget expenditures has been re-evaluated, and a total of AZN 1.35 billion were allocated to fight the post-pandemic crisis due to the reduction and reorientation of some expenditures, the Presidential Reserve Fund and other financial sources

A new credit guarantee program under development to be launched this month

The Ministry of Economy is going to launch a program of state credit guarantees until the end of April

Vusal Gasimli: Azerbaijan did not use foreign borrowing to fight corona crisis

Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications, has commented on the impact of the pandemic on the different sectors of Azerbaijan as a whole

Vusal Gasimli: Investments and expenditures in budget under review

The most severe global economic crisis in the 20th century, the lowest oil price and the largest pandemic affect the revenues of the consolidated budget in Azerbaijan

IMF to provide urgently funds to 25 countries in debt - List

The International Monetary Fund is likely to give urgent assistance to 25 member countries

Fitch affirms Azerbaijan`s ratings, changes forecast - Report

The negative outlook reflects the impact on the economy of the combined shock from falling oil prices and the COVID-19 pandemic on Azerbaijan`s external buffers and on macroeconomic stability

EU to finance EUR 14 million to Azerbaijan to combat coronavirus

Some entrepreneurs to receive tax incentives - Proposals ready

A range of tax incentives and vacations will be provided to businesses working in spheres affected by the pandemic.

Vusal Gasimli: Amnesty to attract owners of capital to its legalization, if opportunity costs are met

International experience shows that the legalization of capital should represent the interests of its owners

Vusal Gasimli: Capital and property amnesty is possible in Azerbaijan

Azerbaijan is considering the matter of the use of amnesty for capital and property.

Tax revenues increased for 1st quarter of 2020

In the 1st quarter of 2020 the State Budget revenues amounted to AZN 7.81 bn, expenditures AZN 5.254 bn, and the State Budget surplus in the amount of AZN 2.556 bn.

Customs Committee published data on transfer to Azerbaijan`s budget this year

In the 1st quarter of 2020 the State Customs Committee transferred AZN 991 million to the State Budget (by AZN 91 million or 10.1% more against the forecast).

ADB has published a report on Azerbaijan

Azerbaijan`s total investments in fixed assets decreased by 2.3% amid a decline in governmental investments in the oil industry

ADB: Azerbaijan`s economic growth rate increased for 2019

Azerbaijan`s economic growth rate increased from 1.4% in 2018 up to 2.2% in 2019

ADB forecast on Azerbaijan: Economic growth to observe downturn in 2020

Azerbaijan observed the grown pace of economic growth last year due to tax incentives and increased gas production amid the growth of inflation and rising food prices

These businesses` turnover in Baku has grown - Result for 2 months

The turnover of public catering in the Azerbaijani capital increased by 9.4% in real terms up to AZN 144.4 million for Jan-Feb 2020

List of tax-exempt spheres

The Ministry of Economy has announced about the business support measures aimed at reducing the consequences of the coronavirus pandemic

Economy Ministry funds AZN 1.2 million for fighting against coronavirus

The Ministry of Economy of Azerbaijan transferred AZN 1.2 million to the Fund to Support Fight Against Coronavirus, established by a relevant presidential decree

Azerbaijan is in first row of states funding money most of all to lower damage from epidemic

Azerbaijan`s anti-crisis program amounts to AZN 2.5 bn, and at the same time makes up 3.1% of GDP

Vusal Gasimli: The world to come out of economic crisis in 2 years in best case

According to McKenzie`s calculations, the economic downturn will be 4.7% in the world this year, 9.7% in the euro zone, 2.7% in China and 8.4% in the U.S.