Starting next year, 50% VAT on these services will be refunded to citizens

According to the proposed changes to the Tax Code, which are expected to come into force from the new year, large tax benefits will be applied to the cultural sector.

Risks expected for economic growth next year unveiled

By 2025, economic growth is projected at 3.3% of total GDP and 5.1% of non-oil GDP.

Azerbaijan's strategic foreign exchange reserves increased by 7.3%

Over Jan-Sept, banks’ transactions on Bloomberg platform reached 67 bn manats

Inflation in Turkey increased by 4.06% in November, reaching 86.76% of annual level

Carlos Pinto Pereira urges Azerbaijan to invest in Africa

Minister of Foreign Affairs, International Cooperation and Communities of the Republic of Guinea-Bissau, Carlos Pinto Pereira, has called on Azerbaijan to invest in Africa.

Copper prices declined

Copper prices decreased amid lingering concerns about possible U.S. tariffs on imports from China

Cargo carriages across Russia-Azerbaijan border increased 5-fold

State duties relating to arbitration approved in Azerbaijan

At the plenary session the Milli Majlis approved in the 3rd reading the amount of state fees for applications related to arbitration.

FS has improved its forecast on economic growth in Azerbaijan

Fitch Solutions raised its forecast on economic growth in Azerbaijan for 2024 from 2.5% to 3.1%, ABC.AZ informs, referring to the report of Fitch Solutions (FS).

India's economy shows slowest quarterly growth since March 2023

India's economy will grow by 6.5% in the 2nd fiscal quarter.

Forecast: UAE's non-oil economy to grow by 4.7% this year

EBRD forecast: Average annual inflation in Azerbaijan to reduce to 3.5%

The EBRD predicts slowdown in average annual inflation in Azerbaijan in 2024 to 3.5% from 8.8% in 2023.

AZAL to start operating flights from Baku to Seoul

Economy Minister: Economy's dependence on oil & gas sector declined much

In recent years, there has been a significant decrease in the dependence of the Azerbaijani economy on the oil & gas sector.

CAERC suffered losses for 162,000 manats — Report

The Center for Analysis of Economic Reforms & Communication ended 2023 with loss of 162,000 manats. In 2022, Center's loss was 36,000 manats (4.5-fold more than a year ago).

Inflation in eurozone accelerated to 2% per annum in October

Taleh Kazimov: GDP grew by 4.7 % in 9 months of 2024

Price of crude oil in these years may reach $65 a barrel

State Budget to allocate 10.3 million manats for Alat FEZ

Annual inflation in Azerbaijan fell to 3.4% last month

In October 2024, the consumer price index increased by 3.4% compared with October 2023, which is less than 3.5% recorded in September.