WB forecast on Azerbaijan: Economic growth to slow down

The World Bank has lowered its forecasts on the growth of GDP in Azerbaijan in 2022 and 2023

Financial sanctions applied against Soliton LTD

WB gives negative forecast on Ukraine and Russia

Inflation in Hungary reaches the highest level in last 15 years

In March, inflation in Hungary continued to rise with consequences such as pre-election record spending, loss of currency value and rising oil prices.

What will be economic growth in Azerbaijan this year? – Forecast

According to the updated forecast of Fitch Ratings, Azerbaijan's GDP will grow by 2.7% this year, ABC.AZ informs with reference to Agency's report.

AzerGold buys land plots and houses in Goygol village

AzerGold is working on the development and expansion of existing production facilities, as well as the creation of new sources of deposits.

Russia may face default

If Russia does not repay its debts in dollars by 4 May, it will face a technical default.

Azerbaijan's chemical industry exports grew 10–fold

According to April’s issue of the Export Review, for Jan-Mar 2022 Azerbaijan's exports amounted to $8 bn and in the non-oil sector - $727.2 million.

ADB outlook on Azerbaijan: Average annual inflation to weaken

Despite slowing private consumption growth, inflation is projected to accelerate to 7% in 2022 as food imports from Russia and Ukraine, both major suppliers of Azerbaijan, are disrupted.

Inflation in Turkey is rising

With high energy and food prices, inflation in Turkey has exceeded another level.

Russian company to create a joint venture in Agdam

Armenia gets poorer: its economy shrinks

The Central Bank of Armenia has lowered its economic growth forecast from 5.3% to 1.6%.

A new record on inflation in Europe

Inflation in Europe has reached a record high as Russia's military operations conducted in Ukraine caused new tensions in the global supply chain.

EBRD gives positive forecast on Azerbaijan: GDP to grow by 5%

The European Bank for Reconstruction & Development has improved the forecast of economic growth on Azerbaijan for 2022.

Georgia's economy grew more than by 16%

The real value of GDP produced in Georgia for Jan-Feb 2022 increased by 16.3% against Jan-Feb 2021

Tax revenues from private sector sharply increased – The end of shadow economy?

Revenues from the private sector of the non-oil sector increased by 44.9% up to AZN 1.76 bn for Jan-Feb 2022.

Tax revenues in non-oil sector increased

President signs a decree on state debt

Fitch withdraws Russia's ratings

Fitch Ratings has withdrawn Russia's ratings, ABC.AZ reports with reference to rating agency’s press release.

S&P downgraded Russia rating to "CC"

Tax revenues grew by 25.2% for Jan-Feb 2022

Over Jan-Feb 2022, the State Budget revenues from the State Tax Service increased by 25.2% (against Jan-Feb 2021) up AZN 1.83 bn.