Azerbaijan's foreign trade turnover has positive balance – decline of 10%

Azerbaijan conducted trade operations with foreign countries for $22.95 million for Jan-May 2023 (11.7% more against Jan-May 2022)

State Budget 2023 revenues and expenditures increase

The revenues and expenditures of the State Budget of Azerbaijan for 2023 are increased.

Sock production has grown in Azerbaijan

Azerbaijan produced 1.331 million pairs of socks for Jan-May 2023.

Sarah Michael: If Azerbaijan does not diversify its economy, GDP to grow by only 10%

Under the existing growth model, Azerbaijan’s GDP per capita may only increase by 10 percent over the next 30 years

A company created a month ago liquidated

Only an established investment company is being liquidated in Azerbaijan.

Surplus of AZN 2.82 bn generated in State Budget for Jan-May

Ford opens a factory for production of electric vehicles

China intends to limit use of Wi-Fi and Bluetooth

The Cybersecurity Department of China has published a bill that provides for limiting the use of small-range Internet networks by citizens.

Tax transfers to State Budget of Azerbaijan grew by 45%

Ilham Aliyev has taken part in opening ceremony of Stage 1 of Alat FEZ

President Ilham Aliyev has participated in the opening ceremony of the 1st stage of the Alat Free Economic Zone.

NBCOs to be able to issue credit cards

In Azerbaijan, it is proposed to grant the right to issue credit cards to non-bank credit organizations

Orkhan Mammadov: Shortcomings revealed in field of sand and gravel extraction

Shortcomings in the field of sand and gravel extraction have been revealed in Azerbaijan

Azerbaijan’s turnover of mutual tourism services grew by 34%

The turnover of mutual tourism services of Azerbaijan increased by 34.3% up to $427.2 million In the 1st quarter of 2023

Rate of taxpayers has increased in Azerbaijan

Azerbaijan registered 1,452,702 taxpayers as of June 1, 2023 (6.9% more than on June 1, 2022)

Total cost of India's Top 100 brands published

The total value of the 100 largest Indian brands has grown over the past year and approached the mark of $2 trillion.

Deputy minister: Real GDP growth rate in country this year is projected at 1.8%

Total production output by regions of Azerbaijan grew by 13%

The total production output by regions amounted to AZN 7.5 bn for Q1 of 2023.

Ongoing processes show that inflation to be high

MP: Salary increase simply compensates for inflation growth

Inflation in Azerbaijan is not fully linked with monetary factors,

Annual inflation rate in Azerbaijan predicted at 10.4% in 2023

Given the measures implemented by the Central Bank of Azerbaijan (CBA) and the steps taken by the government to reduce inflation, the average annual inflation is predicted to be 10.4% in 2023.

MP: Azerbaijan expects GDP growth rate to decline

This year, GDP growth rates are expected to decrease worldwide and in Azerbaijan.