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.

Economy Minister: The State to give support on salaries

A significant part of the salaries of entrepreneurs and employees of companies in the spheres most affected by coronavirus will be paid by the State

Statistics Committee: Production in this sphere has grown

Growth in the production of finished metal products has been recorded in Azerbaijan

MP: Getting a subsidized loan to become easier

We propose to introduce tax holidays and the application of benefits.

MP makes a statement about a discount on public utilities

The Azerbaijani government is tasked to consider within 3 months the preferential limits for public utilities and increase the preferential limit

List of measures to back some spheres of economy

An online event between governmental agencies and travel companies has been organized

Economy Ministry’s statement: Great damage done to these spheres

A video format meeting of businessmen with representatives of the Ministry of Economy has been arranged.

For information of entrepreneurs: Deadline for paying taxes extended

Gusar launches production of medical alcohol – 25,000 liters to be produced daily

Funds allocated for fixed assets increased - result of two months

AZN 1.965 bn were allocated from all financial sources for fixed assets for the development of the country`s economic and social spheres for Jan-Feb 2020

Azerbaijani President gives money for drilling of subartesian wells in this district

President Ilham Aliyev has ordered on the allocation of AZN 840,000 for improvement of the supply of irrigation water to crop areas and water supply to the population in Jalilabad district of Azerbaijan

Volume of oil & gas sector decreased

The volume of Azerbaijan`s GDP for Jan-Feb 2020 grew by 2.8% up to AZN 12.578 bn

Expert: Important tools, such as discount rate of leader central banks, become ineffective

Donald Trump`s statement about closure of US` border crossings for entry and exit to Europe caused the prices on the oil market to fall below $34

Expert: I don`t think `spare` money supply in manats creates serious risk

Azerbaijan`s economy has not grown over the past 4 years

Expert: Everyone tries to save his assets

Everyone tries to protect the value of his assets that are on hand – some millions and others 300-500 manats