British company to begin production at Zafar gold deposit in 2024

British company Anglo Asian Mining plans to start production at the new gold and copper deposit Zafar (Victory) in the west of Azerbaijan in 2024

President Ilham Aliyev to receive electric car Togg

Turkish-made electric car Togg will be presented to President Ilham Aliyev, ABC.AZ reports, quoting Turkish Industry & Technology Minister Mustafa Varank.

German companies' investments in China achieve record level

According to German Institute of Economics’ (IW) estimates, German companies' investments in China have grown significantly over the past two years.

MP: Executive power to be abolished

The issue of liquidation of the executive power has been on agenda for a long time. I’ve repeatedly raised this issue. I’ve already said that the duties of the executive authorities should be transferred to authorized representatives

State Water Resources Agency established in Azerbaijan

The State Water Resources Agency has been established on the basis of the State Agency of Water Resources of the Ministry of Emergency Situations.

Several pharmaceutical plants to be built on territory of Alat FEZ

German national debt rose to €2.37 trillion

Germany's public debt grew by 2% (€46.1 bn) in 2022, reaching €2.367 trillion, ABC.AZ reports with reference to the Federal Statistical Office of Germany (Destatis).

Israeli FM: We thank Ilham Aliyev for decision to open Azerbaijani Embassy in Israel

We thank President Ilham Aliyev for the decision to open the Azerbaijani Embassy in Israel.

Azerbaijan starts selling watches abroad first time

Watch factory VMF Natural Frequencies, the only company engaged in the production of watches in Azerbaijan, has started exporting watches abroad for the first time.

WB forecast: Global economic growth to slow down

The World Bank predicts that global economic growth may slow down to a minimum in 30 years - 2.2% per year until 2030.

Central Bank currency rates for 29 March

Azerbaijani manat rate has dropped to the euro and grown to the Turkish lira, while is stable to the US dollar and to the Russian ruble.

Total amount of public procurement grew by about 26%

This factor to bring recession of U.S. economy closer

Insurance sector assets grew more than by 20% in 2022

The assets of the insurance sector of Azerbaijan amounted to AZN 1.59 bn at the end of 2022 (20.3% more than at the end of 2021)

PM: Water use assessments are underway

New members approved at Depository Centre Supervisory Board

The new composition of the Supervisory Board of the National Depository Center has been formed.

Gas extraction in Azerbaijan has increased

Over Jan-Feb 2023, gas production in Azerbaijan increased by 4% (versus Jan-Feb 2022) up to 8 bn cu m,

Taxpayer rate in Azerbaijan has increased

As of 1 March 2023, Azerbaijan numbered 1,420,834 active taxpayers (5.1% more than on 1 March 2022)

Industrial production in eurozone has increased

Industrial production in the eurozone increased by 0.7% in January compared to the previous month. The expected growth was 0.3%.

Will there be any reduction in customs tariffs?

The unification of tariffs along the Trans-Caspian International Middle Corridor "East-West" is jointly considered by the relevant bodies located along the corridor.

Inflation in Argentina exceeds 100%

The price increase in Argentina in February made up 6.6%, over the past 12 months inflation has exceeded 100%.