Azerbaijani PM has signed a decision

The Cabinet Ministers has made a decision to approve the Procedure for the use of funds received from the performance of works and the provision of services by subordinate structures that are not part of the structure of governmental bodies

Azerbaijan’s economic growth made up 3.6% for past 8 months

Over Jan-Aug 2021 the growth of the Azerbaijani economy reached 3.6%, including more than 5.5% in the non-oil sector.

Azerbaijan’s budget to direct AZN 1.315 bn to pay state debt in 2021

In 2022-24, Azerbaijan will allocate AZN 7.214 bn for the payment of the state debt

Azerbaijan’s consolidated budget revenues to be as follows - amounts by year

The revenues of the consolidated budget of Azerbaijan in 2023 will amount to AZN 28.175 bn, in 2024 – AZN 28.96 bn, and in 2025 – AZN 29.606 bn

Spending on education to increase in 2022

Finances in the amount of AZN 3.74 bn are projected for the implementation of 17 programs covering 111 activities in the education sector

Forecast: 12.37% of next year's budget expenditures to be directed to some spheres

Next year 12.37% of the State Budget expenditures will be directed for social protection and social security

Whether tax and customs benefits expected

Tax collection plan to increase from next year

The forecast order for the State Tax Service in the State Budget for 2022 has been increased by AZN 1.89 bn.

Authorized capital of Zeyem Technology Park declared

18 million ordinary registered undocumented shares of Park of Technologies Zeyem KSC with par value of 1 manat each have been registered

IMF optimistic forecast says about growth of Azerbaijani economy

According to the forecasts of the International Monetary Fund (IMF), the real GDP in Azerbaijan will reach the pre-pandemic level in 2023

Forecast: Non-oil export to exceed $2 bn

It is predicted that by the end of 2021 Azerbaijan’s non-oil export will exceed $2 billion

Turkish economy growth exceeds 20%

In the 2nd quarter of the year the Turkish economy is experiencing growth

Economies of G20 countries to grow – a forecast from a reputable agency

The COVID-19 pandemic led to stagnation in the economies of the G20 countries last year

Georgia's GDP has grown

Georgia's real GDP grew by 12.2% over Jan-Jul 2021

Mikayil Jabbarov: Quantity of active taxpayers has increased

Over the first 6 months of 2021 the number of active taxpayers increased by 3.9% up to 640,401, the number of VAT payers by 8.9% up to 31,738, and the number of registered objects by 5.8% up to 176,794

Funds allocated from EU anti-crisis fund

The European Commission has taken a decision on allocation of the first 3 bn euro from the Anti-Crisis Fund created by the European Union to eliminate the consequences of the coronavirus pandemic

AzerGold raised more than AZN 657 million to Azerbaijan’s economy

During the period of its activity AzerGold raised over AZN 657 million to the domestic economy from the sale of 254,500 ounces of gold and 456,300 ounces of silver

A rise on gold and silver production recorded this year

AzerGold increased extraction of gold by 16% and silver by 9% in the 1st half of 2021 compared with the relevant term of 2020

AzerGold paid about AZN 59 million of taxes and duties

In the 1st half of this year AzerGold transferred AZN 18.1 million to the State Budget, including AZN 16.6 million of taxes and over AZN 1.5 million of transfers to the State Social Protection Fund

Net profit of this organization has increased

Five state-run companies have submitted financial statements

Eight out of 13 large state-governed companies in Azerbaijan have not published their financial statements for 2020