Share of non-oil sector in budget revenues up to 52.5%

Registration of real estate up 12% last month

Azerbaijan posts increase in foreign public debt

Inflation in Germany made up 7.5%

According to the final estimate, inflation in Germany at the end of July slowed to 7.5% in annual terms from 7.6% a month earlier.

Inflation in Norway has reached the highest level in last 34 years

Prices for goods and services in Norway have increased by an average of 6.8% over the past 12 months, which was the highest since 1988.

Economy Minister: Entrepreneurship Fund gives a subsidized loan for AZN 35.6 million in field of medicine

To date, the Entrepreneurship Development Fund has given AZN 35.6 million of subsidized loans to finance 82 projects aimed at developing the medical sector

Inflation in China reaches highest level in last 2 years

Consumer inflation in China reached its highest level in two years due to a rise in pork prices in July, while weak consumer demand restrained overall price pressure.

1,080 LLCs with local investments registered on new method

The share of e-registration of LLCs with local investments made up 94.6%.

GDP grew by 6.2% for Jan-Jul

Moody's forecasts Azerbaijan's GDP growth by 4% in 2022

International rating agency Moody's predicts Azerbaijan’s GDP growth for 2022 at the level of 4%, ABC.AZ reports with reference to Moody's.

Moody's downgrades rating forecast for Italy, Czech Republic and Slovakia

International rating agency Moody's has changed the outlook for the rating of the economies of Italy, Slovakia and the Czech Republic from ‘Stable’ to ‘Negative’.

Economy Minister: Output for AZN 1.3 bn produced in industrial zones this year

In the 1st half of 2022, when producing output for AZN 1.3 bn, the share of industrial zones in the non-oil sector of the country's industrial sector made up 14.9% and exports of nonoil industry products - 33.1% (AZN 543.9 million)

Inflation rate in G-20 countries

Inflation in Turkey reached the highest level in the last 24 years and retained the title of the country with the highest inflation in the league of G-20 countries.

Fitch: Sharp decline in global food inflation is expected in 2023

International agency Fitch Ratings has announced a forecast that world food inflation will fall sharply in 2023.

Economy Ministry’s powers expanded

President Ilham Aliyev has amended the July 12, 2016 Decree on approval of the Regulation on VAT refund, paid for goods purchased by foreigners and stateless persons in the country, that are not intended for production or commercial purposes.

New powers given to Economy Ministry

President Ilham Aliyev has amended the decree of November 24, 2010 "On the application of the Law on the State Budget for 2011".

Azerbaijan and Uzbekistan agree on construction of a jewelry enterprise

Economy Minister: Tashkent Declaration is an important contribution to strengthening ties between our countries

New format of cooperation to be created between Azerbaijan, Turkey and Uzbekistan

Azerbaijan, Turkey and Uzbekistan will launch new ministerial format of cooperation aimed at promoting the strengthening of regional ties.

Azerbaijan and Uzbekistan sign three memoranda

Saudi Arabia's economy shows record growth

Saudi Arabia's economy grew by 11.8% in the 2nd quarter, a record pace since 2011, ABC.AZ reports with reference to the Main Statistical Office of the country.