Iron and aluminum fell in price - after Chinese government’s reaction

China, one of the world's largest iron ore producers, has taken steps in the face of soaring iron prices and the severe impact of inflation

New decision on tax benefits for Patriotic War participants

Tax benefits will be applied in respect to the heroes of the Patriotic War

Production to grow in coming years – a company engaged in gold mining in Azerbaijan published a report

British company Anglo-Asian Mining Plc, which is engaged in the extraction of gold, silver and copper in Azerbaijan, has published a production forecast for 2021

Moody's improves Azerbaijan’s fiscal strength rating

Moody's Investors Service (Moody's) has revised the Azerbaijani government’s fiscal strength to ‘a1’ from ‘a2’

A rise on manufacture of leather goods and shoes reported

Azerbaijan recorded GDP production in these sectors most of all

According to the State Statistics Committee, over Jan-Apr of this year Azerbaijan produced GDP for AZN 25.078 bn

GDP slightly decreased for past 4 months

Manufacture of chemical products decreased for Jan-Apr

Azerbaijan produced 45,200 tons of propylene for Jan-Apr of this year

Online payment of taxes improved

A Turkish company sets up a holding in Azerbaijan

Industrial sector ranks 1st in Nakhchivan's GDP

The economy of the Nakhchivan Autonomous Republic increased over Jan-Apr 2021

Nakhchivan's economy has grown

GDP of the Nakhchivan Autonomous Republic for Jan-Apr 2021 amounted to AZN 758.84 million

Main Department of State Tax Service liquidated

The Main Department (Secretariat) of Work with Documents & Consideration of Appeals of the State Tax Service under the Ministry of Economy has been was abolished

An agreement signed on construction of a new factory in Ganja

Azerbaijan Industrial Corporation, Azeraluminium JSC and German company Achenbach Buschhutten will establish a joint venture of the aluminum industry in Ganja

President appoints Orhan Nazarli as Tax Service’s head

Orhan Nazarli has been dismissed from the post of deputy head of the State Tax Service of Azerbaijan

Innovations in tax and customs sphere - An e-register system created

The Ministry of Finance has created a "Centralized electronic register system for tax & customs benefits"

Tax benefits to be applied to Patriotic War heroes

The range of tax freedoms and benefits is expanding

Industrial production observes growth in Baku

The volume of goods and services produced in the industrial sector in Baku for Jan-Mar 2021 increased by 1.2% up to AZN 8.8 bn.

Machine-building plant n.a. B. Sardarov last year worked at a loss

The B. Sardarov Machine-Building Plant finished 2020 with net loss of AZN 407,000 (against net profit of AZN 87,300 in 2019)

A new company established – 51% of shares belong to AzerGold

The second subsidiary of AzerGold CJSC - AzerBlast LLC has been established

Fitch Ratings has updated its forecast on Azerbaijan

International ratings agency Fitch Ratings has updated its forecast on Azerbaijan’s economy