Azerbaijan discusses project with WB

A preferential loan given for a livestock project

The Entrepreneurship Development Fund (under the Ministry of Economy of Azerbaijan) has allocated AZN 200,000 for the dairy farming development project.

Cost of a YouTube Premium subscription has increased

Google has increased the cost of a YouTube Premium subscription to $13.99 per month ($2 more than the previous price).

Over 10,600 permanent jobs created in industrial zones

AQTA management met with high-risk product importer entrepreneurs

The Azerbaijan Food Safety Agency conducted a meeting with entrepreneurs importing high-risk products into the country.

Cabinet Ministers held a meeting on Nakhchivan

Fed launches instant payment system

The U.S. Federal Reserve System has officially launched its FedNow instant payment system in real time

Inflation in Azerbaijan to decelerate for July-August

Inflation in Japan has increased much

ADB reviews inflation forecast for Caucasus and Central Asia

Inflation in the Caucasus and Central Asia is forecast to remain elevated at 10.6% in 2023 and 7.8% in 2024.

Output of Sumgait Chemical Industrial Park for past 6 months

The Sumgait Chemical Industrial Park manufactured output for AZN 1.3 bn for Jan-Jun 2023.

SOFAZ prefers placing bulk of its assets in US dollars

The State Oil Fund of Azerbaijan (SOFAZ) still prefers to place the bulk of its assets in US dollars, the share of assets in US currency is 69.6%

Managing partner of well-known audit company in Azerbaijan has quit

The managing partner for Azerbaijan PwC (PricewaterhouseCoopers), one of the four largest audit companies in the world (BigFour), has been replaced.

Azerbaijan and Uzbekistan sign agreement to establish investment fund

Labor Ministry tender canceled

A bank whose operating profit grew by 31.8% for 1st half of 2023

PASHA Bank's operating profit increased by 31.8% up to AZN 123.5 million for Jan-Jun 2023

Netflix shares rose 3% to $457

On June 17, Netflix shares rose 3% to the highest level since February 1, 2022.

Goldman lowers its estimate of probability of recession in U.S.

Goldman Sachs Group analysts now estimate the probability of recession in the US economy in the next 12 months at 20% against the previous estimate of 25%.

Automobile production exempt from VAT in Azerbaijan

Azerbaijani President Ilham Aliyev has approved the amendments to the Tax Code.

Inflation report to be prepared monthly in Azerbaijan

Measures will be taken to improve price monitoring in the country.

Butter production increased by 6%

Azerbaijan produced 13,513.2 tons of butter for Jan-Jun 2023.