Minister: Last year, 50% of State Budget revenues came from non-oil sector

Tax collection is the success of an entrepreneur's business.

Branches of banks and companies to open in Nakhchivan

New chairman of Nakhchivan State Service appointed

The new head of the State Tax Service of the Nakhchivan Autonomous Republic has been appointed.

Business environment to be improved in Nakhchivan

Improvement of the business environment and measures to support entrepreneurs have been discussed in the Nakhchivan Autonomous Republic.

Azerbaijan to lose AZN 10 million for these benefits

Tax benefits applied to media entities will cost AZN 10 million for the State Budget.

Gold production exceeded the plan in 2022

AzerGold sold 63,300 ounces of gold in 2022

Record foreign trade deficit in Turkish economy

Ali Asadov signs order on preparation of draft state budget for 2024

Azerbaijani Prime Minister Ali Asadov signed an order on the preparation of the Draft State Budget for 2024, the concept of economic & social development of the country and medium-term forecasts.

4 enterprises to start operating in Sumgait Chemical Industrial Park

In 2023, four enterprises are planning to start production activities in the Sumgait Chemical Industrial Park.

Start date of first enterprise in Araz Valley economic zone announced

It was announced that the first enterprise in industrial park “Araz Valley Economic Zone" will begin work at the end of 2023.

Financial sanctions for AZN 2.7 million applied to taxpayers

In 2022, 317 control measures were carried out for 170 taxpayers operating in various fields of activity, including import, wholesale and retail trade, production, catering, according to the results of which 413 violations were revealed.

68 new state standards adopted last year

Data unveiled on output produced in industrial zones of Azerbaijan

To date, products for more than AZN 8.8 bn have been manufactured in the industrial zones of Azerbaijan, and output for AZN 2.9 bn have been directed for export

IMF improves its forecast on global economic growth up to 2.9% in 2023

The IMF has improved its forecast on global GDP growth up to 2.9% in 2023 and worsened to 3.1% in 2024.

IMF worsens U.S. economic growth forecast for 2024

The IMF expects U.S.’ GDP to increase by 1.4% in 2023, and growth rates are projected at 1% in 2024.

IMF has improved forecast on Russia

The International Monetary Fund has revised its assessment of Russia's economic growth towards improvement and forecasts Russian GDP growth of 0.3% in 2023 and 2.1% in 2024.

What did WB reps discuss in this institution of Azerbaijan?

The State Service for Antimonopoly Control & Consumer Market Supervision under the Ministry of Economy held a meeting with the WB delegation on the topic "possible contribution to the infrastructure management assessment system (InfraGov)".

A new plant to start operating in Hajigabul

A plant for production of thermal insulation boards is expected to start operating in the Hajigabul industrial quarter from this May.

Tax benefits to be provided for these facilities

War has dealt a serious blow to economy of Ukraine

The UN stated that as a result of Russia's attack on Ukraine and the outbreak of war in 2022, 30% of the Ukrainian economy was lost.