New head of Nakhchivan Tax Service appointed

Products for 13.5 billion manats sold from industrial zones

By July 1, 2024, products for 13.5 billion manats were sold in Azerbaijan from industrial zones, some of which were exported for 4.4 billion manats

Azerbaijan’s economy minister discussed issues of economic cooperation in Italy

Azerbaijan's Economy Minister Mikayil Jabbarov has embarked on a working trip to Italy.

IMF raises Türkiye's GDP growth forecast

The International Monetary Fund (IMF) has raised its forecast for Türkiye's GDP growth in 2024 up to 3.6%.

ADB revises economic growth forecast for Caucasus and Central Asia upwards

Gabala industrial output for 8.6 million manats exported

Over Jan-Jun 2024, industrial enterprises of Gabala district, as well as individual entrepreneurs and households produced output in actual prices in the amount of 75.46 million manats.

Two more enterprises to start working in Sumgait Chemical Industrial Park

This year, two enterprises with total investment value of 39.2 million manats will start operating in the Sumgait Chemical Industrial Park.

China's GDP exceeds $8.6 trillion for 1st half of 2024

Over Jan-Jun 2024, growth rate of the Chinese economy reached 5%

Kazakhstan increased aluminum exports to Azerbaijan 8-fold

Over Jan-Apr 2024, Kazakhstan exported 43,100 tons of aluminum to Azerbaijan.

AZN 742 million of state finances saved due to digitalization of procurement process

Rate of active taxpayers has increased

As of July 1, 2024, the number of active taxpayers in the country has increased up to 778,000.

A textile factory to open in Lachin

Food products in Russia rose in price by 9.8%

In June 2024, annual inflation in Russia accelerated from 8.3% to 8.59%.

Rate of active VAT-payers increased by 7.9%

Industrial output for 31.5 billion manats produced in 1st half of 2024

Industrial production, which observed decline in 6 months - List

Over Jan-Jun 2024, commercial oil production in the mining sector dropped by 4.9%, while commercial gas production increased by 5.3%.

In June, consumer price index in Azerbaijan increased by 1.1%

The consumer price index in Azerbaijan in June 2024 made up 101.1% compared with June 2023.

GDP production in Azerbaijan grew by 4.3% for Jan-Jun

Azerbaijan produced GDP for 59.5 billion manats for Jan-Jun 2024 (4.3% more versus Jan-Jun 2023)

AzerGold has raised 1.3 bn manats from gold and silver sale for 8 years

Over the past 8 years, AzerGold CJSC has managed to take the leading position among state exporting entities in the non-oil/gas sector.

Total foreign debt of Georgia reaches $24.5 billion

In the 1st quarter of the current year, Georgia's total foreign debt amounted to $24.5 billion, which is equal to 78.7 percent of the gross domestic product (GDP).

More profitable for China to manufacture goods for Europe in Azerbaijan

It will be more profitable for China to produce goods to be exported to Europe in Azerbaijan – Alat Free Economic Zone (AFEZ).