EBRD President: Our biggest problem is energy crisis

Our big concern is the energy crisis, ABC.AZ reports, quoting EBRD president Odile Renaud-Basso.

Inflation in Argentina may exceed 100%

Inflation in Argentina may reach 100.3% by the end of the year.

Bloomberg: Europe to encounter serious crisis

The U.S. will be able to avoid serious economic downturn, while Europe will face absolute recession

WB improves forecast on Azerbaijan

Azerbaijan's GDP will grow by 4.2% in 2022.

Institutes of Azerbaijan and Turkey sign Memo of Understanding

Share of private sector in capital's industry made up 93.3%

For the past 8 months of 2022, the volume of goods produced and services rendered in the capital's industry amounted to AZN 68.1 bn.

Inflation in Turkey has reached highest level in last 24 years

The annual inflation in Turkey was less than expected, but still reached a new high in 24 years in September.

Moscow to host 2nd Caspian Economic Forum

The 2nd Caspian Economic Forum will be held in Moscow on October 5-6.

WB sounds alarm – World has faced crisis

The weakening of the euro and high inflation increase the likelihood of recession in Europe

EBRD: Russian economy to decline next year

2 residents start work in Pirallakhi Industrial Park

There are 5 residents registered in Pirallakhi Industrial Park, and two of them have already started their activities.

EBRD raises growth forecast for Turkey

The EBRD has raised Turkey's growth forecast for 2022 from 2% to 4.5%.

EBRD confirms Azerbaijan's economic growth forecast

The EBRD forecasts Azerbaijan’s GDP growth in 2022 at the level of 4.5%

S&P confirms Germany's credit rating

Standard & Poor'S (S&P) has affirmed the credit rating of Germany.

Mikail Jabbarov: Growth in oil & gas sector has accelerated

Azerbaijan's GDP grew by 5.8% for Jan-Aug 2022 (versus Jan-Aug 2021) and exceeded AZN 84.8 bn

ADB improves Azerbaijan's economic growth forecast

The Asian Development Bank (ADB) has improved the forecast of GDP growth on Azerbaijan in 2022.

Azerbaijan may apply seasonal taxes

It is proposed to introduce seasonal taxes in Azerbaijan.

ASK made a profit

Azerbaijan Industrial Corporation completed 2021 with net profit of AZN 44.099 million. While in 2020, the net loss amounted to AZN 3.49 million.

43.7% of finances directed for fixed assets spent in industrial sector

Textile industry decreased by 28% for past 8 months

Over Jan-Aug 2022, the production of leather and leather goods, shoes in Azerbaijan amounted to AZN 14.6 million.

Mikail Jabbarov: Azerbaijan to work with WB on five priorities

Azerbaijan plans to work with the World Bank on five priorities.