EBRD updates forecasts on Azerbaijan

Sock production in Azerbaijan fell by 7.2%

Gas emissions lowered, European economy grew by 3.5%

European Union Commission’s president Ursula von der Leyen delivered speech at the opening of the 2023 Green Course Summit in the Czech Republic.

Issuance of green card to those traveling to Russia by car halted

The issuance of a Green Card to drivers traveling from Azerbaijan to Russia by car has been suspended

This public service doubles payments to state budget

Over Jan-Aug 2023, the State Service for Property Issues (under the Ministry of Economy) transferred 111 million manats to the State Budget.

Azerbaijan's consolidated budget to reach about AZN 42 billion in 2024

The revenues of the consolidated budget of Azerbaijan in 2024 will amount to 38.578 billion manats and expenditures – 41.956 billion manats.

Housing and utilities costs increase by 4.8%

It is predicted that in 2024, expenditures on housing and communal services in Azerbaijan will amount to 364.8 million manats.

Azerbaijan to introduce a range of tax benefits in 2024

In 2024, according to the main directions of the revenue policy, it is planned to diminish population’s tax burden through social benefits, as well as stimulate entrepreneurial activity.

Economy Ministry to buy consulting services for AZN 1.5 million

Construction & Supply Association LLC (under the Ministry of Economy) has concluded a contract for AZN 1.5 million with Omni LLC.

Tax burden on population to be reduced

The tax burden on the population will be reduced.

Stellantis opens Battery Technology Center in Italy

Stellantis Corporation continues to invest in electrification in the automobile industry.

AzerGold sales declined

AzerGold's sales decreased in the 1st half of 2023, ABC.AZ informs with reference to AzerGold’s audit report for the half-year.

Annual inflation in UK was 6.7% in August

The inflation in the UK in August decreased to 6.7% in annual terms versus 6.8% in July.

Global debt reaches record of $307 trillion

Global debt reached a record of $307 trillion in the 2nd quarter of 2023, despite rising interest rates around the world

ADB forecasts inflation of 10% in Azerbaijan

Data released on Eurozone inflation

Data on inflation in the eurozone has been released.

Nakhchivan records a rise of 41% on tax revenues for Jan-Aug

Tax revenues in Nakhchivan increased by 41%.

Azerbaijan bought 80 new buses in 7 months

Azerbaijan imported 52,675 autombiles, 3,794 trucks and 80 buses for Jan-Jul 2023.

Another reason determined for revoking license and permit

Another reason for revoking the license and permit is being determined.

List of world’s largest industrial countries published

The world-famous publication World of Statistics has prepared statistical data of the largest industrial countries in the world.

Number of labor contracts has risen by 350,888 for four years