Economy Minister: Output for AZN 2.4 bn produced in industrial zones of Azerbaijan for 2021

In 2021, the share of industrial zones in non-oil industrial production grew up to 15.5%, and their share in the growth of non-oil industrial production made up 30%

Efficiency of on-site tax audits has increased

Although the number of mobile tax inspections decreased by 4.5 times in 2021 compared to 2018, the amount of assessed tax per 1 mobile tax inspection increased by 4 times during the period

Economy Minister: Consumer market has grown almost by 4%

Economy minister says about growth in non-oil sector

Azerbaijan’s earnings on VAT from the non-oil sector have increased by 17%

Economy Minister: Azerbaijan's nominal GDP exceeds AZN 90 bn

Nominal GDP in Azerbaijan has reached AZN 93 bn (AZN 11 bn more versus 2019)

Economy Minister: Growth of Azerbaijan's non-oil GDP in 2021 becomes a record over past 7 years

The growth of Azerbaijan's non-oil GDP in 2021 made up 7.2%, which is the highest indicator in the last 7 years, ABC.AZ reports, citing Economy Minister Mikail Jabbarov

MP: Transition to ‘full floating rate’ to be sooner or later

For many years, the exchange rate of the manat has been maintained administratively. But the process cannot last long.

Deficit forms in State Budget of Turkey

Large deficit has formed in the State Budget of Turkey

A department abolished in State Tax Service

A number of changes have been made to the structure of the State Tax Service under the Ministry of Economy of Azerbaijan.

MP: Saving of transfers to Azerbaijan’s Oil Fund observed in 2021

Last year's economic growth also gave grounds for optimistic forecasts for 2022.

Vugar Bayramov: It’s not oil sector that becomes engine of economic growth

Aluminum prices are rising

The price of a ton of aluminum during trading at the London Metal Exchange (LME) exceeded $3,000 for the first time since 21 October 2021

WB forecast on Azerbaijan says about GDP growth

The World Bank forecasts Azerbaijan's GDP growth rate at 3.1% in 2022 and 2.7% in 2023, ABC.AZ reports with reference to the WB Global Economic Outlook for 2022

Forecast: Risks related to economy of Azerbaijan

Global Risks Report 2022 of the World Economic Forum has been published.

E-Gov Development Center saved over AZN 40 million

Diodes and microchips to be produced in Zangilan

The new resident of the NANO High-Tech Park, BEYT LLC, will manufacture diodes and microchips for LED lamps.

Annual inflation in the eurozone rose, updating the record

Uranium prices surge by 8%

The cost of uranium has grown by 8% up to $45.25 per pound.

Economy minister about how Azerbaijan to change for next 5 years

Mikail Jabbarov: We expect economic growth in certain sectors

Mikail Jabbarov: We expect significant decline of dependence on oil revenues