Germany heads for technical recession

Alibaba cuts 1,000 employees of cloud business

Alibaba Group sent notifications to employees of its "cloud" division of Cloud Intelligence Group about the beginning of mass layoffs in preparation for its IPO.

Türkiye’s central bank to announce interest rate decision

A meeting of the Monetary Policy Committee of the Central Bank of the Republic of Türkiye will be held under the chairmanship of Shahap Kavjioglu.

Fitch has placed the US rating on list with ‘negative’ outlook

Azerbaijan unveils number of mortgage loans given within state line

ONS: Inflation in the UK slows to 8.7%

The annual inflation rate in the UK continued to decline.

In 2022, inflation in Türkiye exceeded 70%, which leads to growth of prices for products coming to us

How much money was allocated to Azeristiliktechizat to cover losses?

MP: State Budget socially oriented expenditures increased by AZN 4.4 bn for past 5 years

State Budget expenditures for social purposes have increased by AZN 4.4 bn over the past 5 years.

AZN 977.4 million allocated for compulsory medical insurance of population

Last year, AZN 977.4 million were allocated from the State Budget for compulsory medical insurance of the population.

In 2022, state companies of Azerbaijan paid dividends to State Budget for AZN 131 million

In 2022, other revenues to the State Budget of Azerbaijan amounted to AZN 546.8 million.

Assets of Azerbaijan's banking sector increased by 1.6% in April

State enterprises’ debt to budget decreased almost by 3%

The debt of public sector enterprises to the State Budget decreased almost by 3% in Azerbaijan in 2022.

Azermash to cooperate with Russian company Sollers

Azermash LLC, a resident of the Hajigabul Industrial Quarter, and Russian company Sollers will cooperate in the production of cars.

Output for AZN 171 million produced in Ganja for Q1

Azerbaijan produced 1,259 automobiles for past 4 months

Azerbaijan manufactured 1,259 automobiles for Jan-Apr 2023 (77.3% more versus Jan-Apr 2022), ABC.AZ reports with reference to the State Statistics Committee.

Azerbaijan imported over 27,000 tons of rice for past 4 months

Günay Bank chairman of board: This decision was made by the state

Baratali Piriyev, the chairman of board of Günay Bank, whose license was canceled yesterday by CBA’s decision, has commented on the closure of the bank.

Shortcomings revealed at Nakhchivan International Airport

A number of shortcomings were revealed during inspections at Nakhchivan International Airport and Aeroport Taksi LLC subordinate to it from February 15 to March 18, 2023.

Profit of British company engaged in gold mining in Azerbaijan declined

British company Anglo-Asian Mining Plc., engaged in the extraction of gold, silver and copper in Azerbaijan, has published a financial report for 2022.

Thomas Barkin: Interest rates to be increased if inflation persists

If inflation persists or increases, interest rates will be increased.