Double taxation abolished between Azerbaijan and Türkiye

EL Metal Plus profit sharply decreased

EL Metal Plus CJSC completed 2023 with profit of 1.55 million manats. Company’s profit for 2022 totaled 3.505 million mantas (3.3-fold less than a year earlier).

Cement production in Azerbaijan has increased – Report     

These justice workers to be compensated

Baku Airport again awarded Skytrax

Heydar Aliyev International Airport has once again confirmed its status as one of the best airports in the region, winning two categories at the prestigious Skytrax World Airport Awards 2024, informs the Press Service of the Airport.

Sales of Anglo Asian Mining plc in Azerbaijan decreased

UK’s Anglo Asian Mining plc has announced sales in Azerbaijan.

Major infrastructure projects facing the government in coming years disclosed

Major infrastructure projects facing the government in the coming years have been disclosed.

Economy Minister: GDP grew by 4% in 1st quarter against Q1 of 2023

Production of plastic bags increased by 64%

Our country produced 6,228.1 tons of bags and bags made of polyethylene for Jan-Mar 2024.

Azerbaijan increases gold production — Reason

During the first quarter of 2024, the production of precious metals in Azerbaijan increased compared with Q1 of 2023.

International organization published forecast on economic growth in Azerbaijan

International Corporation of Banking & Financial Services of the Netherlands ING (Internationale Nederlanden Groep) has updated its forecast on economic growth in Azerbaijan.

WB: Growth of non-energy sector in Azerbaijan to be up to 4%

The growth of the non-energy sector in Azerbaijan is expected to be up to 4% in 2024. This is primarily linked with active expansion of the construction sector.

Buying and selling land by proxy is fraught with difficulties

Some citizens buy land by proxy and build houses without taking into account future risks.

Production of this output in industrial sector has fallen — Report

Industrial enterprises and individual entrepreneurs working in this field produced industrial output for 15.7 billion manats for Jan-Mar 2024.

Industrial production in non-oil/gas sector increased

The industrial enterprises of Azerbaijan and private entrepreneurs working in this field produced industrial output for 15.7 bn mantas for Jan-Mar 2024.

Dept of Nakhchivan Ministry of Economy under liquidation

A department is being liquidated in Nakhchivan.

Azerbaijan's GDP growth makes up 4% in 1st quarter

Over Jan-Mar 2024, Azerbaijan produced GDP for 29.96 bn mantas (4% more against Jan-Mar 2023), ABC.AZ reports with reference to the State Statistics Committee.

Financing of entrepreneurs' projects in NAR increased 2.5-fold

The Entrepreneurship Development Fund under the Ministry of Economy financed 8 agricultural projects in the Nakhchivan Autonomous Republic (NAR) for Jan-Mar 2024.

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.