Warren Buffett: The best period of U.S. economy is over

Warren Buffett has made a number of statements about the U.S. economy.

List of world’s most expensive cosmetic companies

L'Oreal (France) has been leading the rating of brands engaged in the production of the most expensive cosmetics in the world for the fourth year

Loans given by this bank to customers fell to AZN 8.448 million

The assets of the Azerbaijani branch of Bank Melli Iran in the first quarter of 2023 increased by AZN 5.732 million compared with the end of the last quarter.

China increases gold reserves for 6th month in a row

China has been increasing its gold reserves for the sixth month in a row.

Taxpayer Service Center opens in Nakhchivan

The Taxpayer Service Center has opened in Nakhchivan.

Azerbaijan's nominal GDP has grown 22-fold for past 20 years

Azerbaijan is a country with rapidly developing economy.

Factory orders in Germany significantly decreased

The German Federal Statistical Office (Destatis) has published preliminary data on factory orders for March.

Azerboru has owed about AZN 6 million to state

Azerboru OJSC has millions of tax liabilities to the state.

Volvo cuts 6% of its employees in Sweden

Volvo Cars is laying off 1,300 employees in Sweden, of which 1,100 work in the company itself, and the rest at various enterprises throughout the country

Central Bank has placed notes on stock exchange

On May 4, two issues of notes of the Central Bank of Azerbaijan (CBA) were placed on the Baku Stock Exchange (BSE).

President Aliyev: Zangezur corridor has a big potential

There's a big potential in Zangezur corridor. The railroad connection between China, Kyrgyzstan, Uzbekistan, is started.

Ilham Aliyev: We have big expectations with respect to the future activity of the Alat Free Economic Zone

We have big expectations with respect to the future activity of the Alat Free Economic Zone, which has a very solid legal foundation and the rules of the zone, I think it should be very attractive for investors.

EU prepares to expand production of weapons

The European Commission is preparing a package of documents on the accelerated militarization of the EU economy.

Azerbaijan and Türkiye to consider opportunities for joint production of medicines

Reason for Rules of operations with virtual assets named

"The Rules for conducting transactions with virtual assets", approved by the Central Bank last month, is aimed at preventing money laundering.

GDP in non-oil sector of Azerbaijan's economy to grow by 6%

Improtex Qarabag Sanaye Kompeksi becomes a resident of Araz Valley Economic Zone

Improtex Qarabag Sanaye Kompleksi LLC has become a resident of industrial park Araz Valley Economic Zone

Banks with assets of over AZN 1.5 bn

Assets of four out of 25 banks operating in Azerbaijan exceeded AZN 1.5 bn as of April 1 of this year.

This year, banks received AZN 267.9 million of net profit

Central Bank raises discount rate to 9%

The Central Bank of Azerbaijan (CBA) has raised the discount rate by 25 basis points to 9%.

IMF increases China's economic growth forecast — Report

The International Monetary Fund (IMF) has presented a new report.