Balance of payments deficit in Turkish economy announced in February

The foreign trade deficit established by the balance of payments in the Turkish economy in February amounted to $10.4 bn

Deficit of Turkish economy increased sharply in February

The current deficit in the Turkish economy in February exceeded expectations and reached $8.78 bn.

Azerbaijan sees a rise of income from unemployment insurance

The revenues on unemployment insurance premiums in Azerbaijan amounted to AZN 41.5 million for Jan-Mar 2023.

Azerbaijan observes a rise of active taxpayers

One-room apartments in Baku cost 85,000 manats - Price increase

The real estate market has grown by 5% against the beginning of the year. The problem in the market is that the supply is small compared with previous years. In this regard, prices are rising.

Vugar Bayramov: Manat loses value against euro

Nestle acquired 49.95% of Yfood shares

Composition of Tariff Council expanded

Amendments have been made to the Regulation of the Tariff (Price) Council.

Another 3 subjects receive status of residents in Sumgait Industrial Park

In Sumgait Chemical Industrial Park, the resident status was assigned to 3 business entities, thus, the number of residents of the industrial park reached 35.

Tax revenues in Azerbaijan increased by 75%

State Budget tax revenues for Jan-Mar 2023 from the State Tax Service (under the Ministry of Economy) increased by 74.8% versus the 2022 same period up to AZN 4.899 bn.

Vugar Bayramov: Togg is also a new source of imports for Azerbaijan

The development of the Turkish industry, as well as the production of the first domestic electric car Togg will open up new opportunities for the Azerbaijani industry

The largest number of complaints relate to Kontakt Home

In the first 3 months of 2023, the largest number of complaints received by the Free Consumers’ Union related to Kontakt Home, ABC.AZ reports, quoting FCU head Eyub Huseynov.

A range of business agreements signed between Azerbaijan and Kazakhstan

A number of agreements between Azerbaijan and Kazakhstan were signed in Baku.

Double taxation between Azerbaijan and Japan abolished

Double taxation will be abolished in respect of income taxes between the Republic of Azerbaijan and Japan.

Selcuk Bayraktar visited Sumgait Chemical Industrial Park

Electronic portal of creditors launched

The Azerbaijan Deposit Insurance Fund held last year the presentation of the project of the electronic portal of creditors of banks in the process of liquidation.

Tax Service wants to limit departure of company’s head from country

The State Tax Service wants the departure of the head of Eco Control Systems LLC from the country to be restricted in Azerbaijan

Selcuk Bayraktar thanked Ilham Aliyev

Turkish company Baykar technical director Selcuk Bayraktar thanked Azerbaijani President Ilham Aliyev.

Inam Karimov nominated for post of judge of Supreme Court

Milli Majlis received a question "On the appointment of a judge of the Supreme Court of the Republic of Azerbaijan".

Mikail Jabbarov offered Russian investors the opportunities of Alat Free Economic Zone

At the meeting held at the Ministry of Economy the issues of diversification of Azerbaijan-Russia economic partnership the parties discussed development of interregional ties and brought to the attention favorable business and investment opportunities of our country.

McDonald's shuts down US offices in U.S.

McDonald's has temporarily shut down all of their US offices as they prepare to deliver layoff messages online to a number of their employees across the country.