Inflation in China rose last month

China has published the data on the inflation rate for April 2022.

EBRD lowers forecast on Azerbaijan's GDP

The European Bank for Reconstruction & Development (EBRD) has lowered its forecast for Azerbaijan's GDP growth in 2022.

Deepest recession in last 30 years awaits Russian economy

Economy Minister: Tax revenue forecast fulfilled by 150.5%

Over Jan-Apr 2022, State Budget tax revenues increased by 55.2% (against Jan-Apr 2021) up to AZN 5.35 bn, and the forecast was met by 150.5%.

Inflation has increased in Turkey – prices for some goods have risen

In April 2022, annual inflation in Turkey was 69.97%

A new resident appointed in Sumgait Chemical Industrial Park

Production commercial company Chinar-Servis has received the status of a resident of the Sumgait Chemical Industrial Park.

Mikail Jabbarov: Balance of foreign trade grew 3.15-fold

Moody's warns of high inflation

Rating agency Moody's has issued a warning in connection with the military actions in Ukraine.

AZN 22 million given to pandemic-affected entrepreneurs within 10 months

The subsidies for AZN 22 million were paid to the pandemic-affected entrepreneurs from June 2020 to 1 April 2022 within the framework of the state guaranteed credit & subsidy support project.

Economy Minister: 344 more jobs created thanks to preferential loans

KAMAZ plant to be put into operation in Karabakh

The KAMAZ PJSC plant will be put into operation in Karabakh in the 2nd quarter of 2022.

List of benefits and exemptions from income tax expanded

The list of income tax exemptions and benefits is under expansion.

Moody's inflation warning

International rating agency Moody's has reported that global inflation will remain high in 2022 and moderate in the 2nd half of 2023.

UK to lose $8 bn for sanctions against Russia

Because of sanctions against Russia, the UK economy will lose 6.2 bn pounds

Coal crisis is coming – Demand for cheap coal has grown

Following the first phase of the global energy crisis caused by shortage of natural gas amid the recovery of the global economy after the pandemic, the world is facing a coal crisis associated with a number of factors

Mikayil Jabbarov: Our institutions and companies to focus on domestic producers

The next direction of economic policy in Azerbaijan will be the orientation of budget organizations, state-owned companies to local producers.

Economy Minister: Sales of products in industrial zones rose by 81%

In the first 3 months of 2022 the industrial zones of Azerbaijan sold products for AZN 662.7 million.

Economy Minister: Process of economic recovery in Azerbaijan fasten

The growth of Azerbaijan's non-oil GDP increased by a record 10.3% (against Q1 of 2021) up to AZN 15.9 bn.

AzerGold declares winners of tender contracts for AZN 23 million

Production of electrical equipment increased in 2022

The output for AZN 42.2 million was produced in the production of computer, electronic and optical products, electrical equipment in the 1st quarter of 2022

AzerGold gold production declined

AzerGold extracted 10,592 ounces of gold in the 1rst quarter of this year.