Country Innovation Ranking — Azerbaijan lags behind Armenia

In the 2023 innovation ranking of countries, Azerbaijan ranked 89th among 132 countries in the world.

Azerbaijan prepares new Tax Code

Since this year, work has begun in Azerbaijan over the new Tax Code

Tax Service’s new strategy developed

State Tax Service’s strategy for 2024-30 has been developed.

Tea production in Azerbaijan grew by 56% in January

Azerbaijan produced 1,023.3 tons of tea this January.

Turnover in non-oil sector exceeds 10% for 2023

Last year, turnover in the non-oil sector of Azerbaijan grew more than by 10.2%, VAT more than by 10.6%, and electronic invoices more than by 15.6%.

A roadmap on Alat FEZ to be prepared

The Ministry of Economy discussed the prospects for development of the Alat Free Economic Zone and preparation of a roadmap on activity of the special working group on the economic zone.

Reforms in economic sphere created quite new investment environment in Azerbaijan

The reforms carried out in the economic sphere have already created a completely new investment environment in Azerbaijan.

Economy Ministry spreads info about economy of Azerbaijan

2024 began with high indicators in the economy of Azerbaijan

Bleaching products to be made in Araz Valley Economic Zone

Rate of taxpayers in Azerbaijan has increased

Azerbaijan registered 1,522,750 taxpayers As of February 1, 2024.

Eco-wood enterprise launched in Lachin

An eco-wood company has started operating in Lachin.

ING forecast: Inflation in Azerbaijan to drop to 4.5%

ING Group of the Netherlands predicts that the average annual inflation in Azerbaijan will be 4.5% in 2024 and 5.6% in 2025.

Hackers hacked Xalq Sığorta page

A hacker attack was carried out on the Facebook page of Xalq Sığorta.

Tax revenues in Nakhchivan grew more than by 65%

Pension capital increases due to indexation by 8.8%

Ilham Aliyev approves Law on State Reserves

President Ilham Aliyev has endorsed the Law on State Reserves.

Economic Zones Development Agency allocated money for a deal

The Economic Zones Development Agency has concluded an agreement with Fortis Industrial Solutions LLC in the amount of 2.5 million manats.

Chairman of board of Economic Zones Development Agency appointed

Seymur Adigezalov has been appointed the chairman of board of the Economic Zones Development Agency (under the Ministry of Economy of Azerbaijan).

Entrepreneurs in liberated territories can apply for preferential loans

Starting from today, entrepreneurs operating in the occupation-liberated territories of Azerbaijan will be able to apply for preferential loans under the mechanism of guarantees and subsidies.

WB: Azerbaijan has several problems with water

There is a problem of ecology, water source, and water supply in Azerbaijan. This creates problems for irrigation and water use by consumers in agriculture.

CBA's foreign exchange reserves grew by 28%