Transportation and communication costs increase by 58% 

Utility costs increased by 33%

102,656 apartments bought in Türkiye

Data unveiled on financing for Sugovushan Recreation Park

Construction costs to be cut in Azerbaijan — New project

UK company's production in Azerbaijan has sharply decreased

Over AZN 553,000 of VAT refunded to consumers in Nakhchivan

Contributions to reserve funds reduced by 2% in Azerbaijan

Minister: Export of oil and gas products exceeds $3 bn first time in last 20 years

Industrial production in eurozone increased by 0.6%

Industrial production in the eurozone rose by 0.6% in August compared with the previous month, ABC.AZ informs with reference to Eurostat’s data for August and the eurozone.

Public transport in Nakhchivan switches to cashless payment

In Nakhchivan, it will be possible to pay for public transport using a bank card.

Total number of taxpayers has increased

As of October 1, 2023, 87.3% of 1,489,737 taxpayers registered in the republic were individuals and 12.7% - legal entities and other organizations.

Silver production in Azerbaijan declined by 40%

Azerbaijan extracted 3,028.1 kg of silver for Jan-Sept 2023.

State Budget has deficit of AZN 1.14 bn

Azerbaijan State Budget amounted to AZN 22.077 billion and expenditures – AZN 23.214 billion for Jan-Sept 2023.

Decline recorded on oil/gas sector of economy

Azerbaijan’s nominal GDP reached AZN 90.8 billion for Jan-Sept 2023, and real growth of the economy is estimated at 0.8%.

State Budget tax revenues grew more than by 22%

Over the past 9 months the State Budget tax revenues from the State Tax Service (under the Economy Ministry) increased by 22.6% versus Jan-Sept 2022 up to AZN 12.8 billion.

Tax revenues in Nakhchivan increased by 35%

Rate of registered taxpayers doubles in Nakhchivan

In the 1st half of 2023, 4,340 new taxpayers were registered in the Nakhchivan Autonomous Republic.

Over 291,000 ASAN Imza certificates issued in 2023

More than 291,580 ASAN Imza certificates were issued in Azerbaijan on 191,685 applications for Jan-Sept 2023.

IMF forecast: Country’s unemployment rate to drop to 5.8% next year

The International Monetary Fund (IMF) has updated the unemployment forecast in Azerbaijan.

IMF lowers inflation forecast on Azerbaijan

The International Monetary Fund (IMF) has updated its inflation forecast for Azerbaijan this year.