We must invest in eco-friendly and stable transport systems - Minister

We must invest in eco-friendly and stable transport systems, integration of renewable energy sources and reduction of carbon dioxide emissions to ensure a more sustainable future.

Cost of local production has decreased in Azerbaijan

Realization of new mechanisms of economic policy, experience of public-private partnership, as well as measures in the field of privatization is aimed at increasing private investment activity in the country.

Azerbaijan’s non-oil/gas sector to grow by 4.6% in 2024

The oil & gas sector of Azerbaijan is expected to decrease by 1.7%, while 4.6% growth is forecast in the non-oil and gas sector in 2024.

Next year, greatest growth to be in these spheres - List

Next year, five enterprises to start operating in Aghdam Industrial Park

In 2024, five enterprises will start working in the Aghdam Industrial Park.

Azerbaijan ranks 58th in this ranking, lagging behind Armenia

Switzerland has once again become the most competitive country in the world.

Azerbaijan-Slovakia double taxation abolished

The double taxation of income between the Republic of Azerbaijan and the Slovak Republic has been abolished.

Inflation fell to 4.6% in the UK

Annual inflation in the UK in October fell to 4.6%, which is the lowest value in the last two years.

Economy Minister: Azerbaijan aims to join group of high-income countries

Azerbaijan adopts another state standard

350,000 new jobs created in non-oil/gas sector to achieve Sustainable Development Goals

80% of the consolidated budget for 2024 will be spent on the Sustainable Development Goals (SDGs).

Taxpayer service centers received 542,447 people for past 10 months

Taxpayer service centers received 542,447 people from January to October 2023.

Azerbaijan observes decline on oil production and growth on gas extraction

Commercial oil production in the mining sector decreased by 8.1% and commercial gas extraction grew by 3.6%.

GDP production in Azerbaijan exceeds 100 billion manats

Azerbaijan produced GDP in the amount of 100.9 billion manats for Jan-Oct 2023, or 0.5% more versus Jan-Oct 2022.

Industrial production in Azerbaijan decreased by 1.6%

Over Jan–Oct 2023, production in the oil/gas sector in Azerbaijan decreased by 2.4%, while it rose by 7.4% in the non-oil/gas sector.

Rate of active taxpayers has increased in NAR

A water dam built between Iran and Azerbaijan to be put into operation in near future

The Maiden Tower water dam is to be opened between Iran and Azerbaijan.

Tariff Council to determine few more prices

Inflation exceeds 140% in Argentina in annual terms

The price increase in Argentina in October made up 8.3%, and in annual terms inflation exceeded 140%.

MP: Economic growth rates in Azerbaijan are comparatively low

The pace of economic growth in Azerbaijan is comparatively low compared to global indicators.

Eight out of 12 large state companies in Azerbaijan have opportunity to pay dividends

Work is underway in Azerbaijan to determine the directions of strategic projects in the non-oil/gas sector.