Azerbaijan's Economic Council discusses goals and challenges for 2024-30

The Economic Council of Azerbaijan has conducted a regular meeting.

Additional investments made in Sumgait Technology Park company

The authorized capital of STP Metal Structures LLC, a subsidiary of the Sumgait Technology Park, has been increased.

India could overtake China in economic growth by 2028

India may overtake China in terms of economic growth by 2028, ABC.AZ reports, referring to Bloomberg.

Income of insurer Aqrar Sığorta decreased by 35%

Aqrar Sığorta Müştərək Sığorta Şirkəti OJSC completed 2023 with net profit of 57,194 manats. In 2022, the company made profit of 170,150 manats (almost 3-fold less than a year earlier).

Receipts for compulsory health insurance in Nakhchivan grew for Q1

Tax revenues exceed 4 bn mantas for Q1

Over Jan-Mar 2024, the State Budget received 4.28 bn manats of taxes from the State Tax Service

Investments for at least 34 million manats needed for production of tobacco products

Azerbaijan establishes the new requirements for production of tobacco output.

An order signed on additional measures to ensure activity of Alat FEZ

Azerbaijani President Ilham Aliyev has signed an order on additional measures to ensure the operation of the Alat Free Economic Zone (FEZ).

A Russian company constructs a modern plant in Azerbaijan

Novosibirsk manufacturer of composite cladding panels (Russia) is building a modern plant in Alat Free Economic Zone.

Cardboard production begins in Sumgait

UPI - Universal Packing Industry CJSC, a resident of the Sumgait Chemical Industrial Park, has started production of cardboard, ABC.AZ reports, quoting company’s director Fikret Veliyev.

Azeraluminium's earnings have increased

Over Jan-Feb 2024, Azeraluminium LLC exported output for $21.4 million.

Georgia's GDP grew by 9.5% in February

This February, Georgia's real GDP increased by 9.5% compared with February 2023.

New appointment at State Tax Service

The new appointment has been carried out at the State Tax Service.

They are exempt from income tax

By 2035, Chinese economy to be able to become world’s largest economy

By 2035, China's economy may become the largest in the world, displacing the U.S. from the 1st place.

Tax bodies increase salaries on special ranks

Salaries on special ranks are increased for officials of tax authorities.

Fridge manufacture in Azerbaijan grew by 30%

Our country produced 90 household refrigerators and freezers for Jan-Feb 2024 (21 fridges, or 30.4% more than a year earlier)

List of the most economically strong and weak regions of Azerbaijan

The strongest and weakest regions of Azerbaijan in economic terms have become known.

Forecast: Average annual inflation in Azerbaijan to be at the level of 5%

Trading Economics, the portal of international economic statistics, predicts average annual inflation in Azerbaijan in 2024 at the level of 5%

Industrial zones to be created in 3 liberated cities

Industrial zones will be created at the entrance to the cities of Zangilan, Jabrayil and Gubadli, liberated from occupation.

Number of tax complaints has decreased