Azerbaijan presents dynamics of economy growth for 11 months

Our country produced AZN 80.69 bn of GDP for Jan-Nov 2021 (5.3% more versus Jan-Nov 2020)

Saudi Arabia's budget observes deficit first time

The Cabinet Ministers of Saudi Arabia has adopted a budget for 2022, which will exceed the surplus for the first time since 2013

Azerbaijan to export sulfuric acid

Azersulfat LLC will put the sulfuric acid production plant into operation in March 2022

Annual inflation in Azerbaijan exceeds 6%

Number of VAT payers grew by 17.3%

As of 1 December 2021 the number of active taxpayers increased by 7.2% (against early 2021) up to 660,838 taxpayers.

State Budget tax revenues have increased this year

The State Tax Service under the Ministry of Economy increased the transfer of taxes and duties to the State Budget of Azerbaijan by 15.7% over Jan-Nov 2021 up to AZN 7.96 bn, and thereby the forecast was fulfilled by 21%.

Subsidized loans suggested for media entities

The executive director of the Media Development Agency, Ahmed Ismailov, has met with some executives and media representatives.

Tax benefits may be provided to the media

Law on State Debt amended

The Law on State Debt is undergoing amendments in Azerbaijan.

More than 10,000 commercial organizations passed state registration for Jan-Nov

For the past 11 months of this year 10,769 commercial organizations passed state registration in Azerbaijan

Number of taxpayers has increased almost by 10%

Two new large enterprises to start working next year - more than 200 jobs to be created

Azermash has created a new subsidiary

A new subsidiary of Azermash OJSC has been created – the Khazar automobile manufacturing enterprise - in the Neftchala Industrial Quarter

New company Hakari Agropark created

Hakari Aqropark LLC has been established in Azerbaijan.

Another agropark created with authorized capital of AZN 50,000

The State Tax Service has registered Sugovushan Agropark LLC.

Plan of Economic Zone of Araz Valley developed

More than half of the territory of industrial park "Araz Valley Economic Zone”, where the creation of a social zone will begin, has been cleared of mines

Economy Minister's forecast: More than 1,100 new jobs to open in Agdam

New forecast on eurozone economy: recession is expected

S&P Global Ratings has updated the forecast on the growth of the eurozone economy for 2022 by 4.4%, reducing it by 0.1 percentage points amid new waves of the COVID-19 pandemic

Pension increase on basis of indexation is expected

Labor Minister: Salaries of most employees on employment contract to be increased

Benefits to be provided to companies supporting public and social funds