Azerbaijan's economy has shrank

Over Jan-Mar 2021 Azerbaijan produced GDP of AZN 18.9 bn

Azerbaijan has doubled gold exports

Azerbaijan exported 1,109.4 kg of gold to the world markets for Jan-Feb 2021.

Forecast: Copper prices to grow

The demand for copper is increasing as the transition to green energy accelerates

About 1,300 tractors to be assembled in Ganja this year

About 1,300 Belarusian tractors are to be assembled at the Ganja Automobile Plant in 2021.

An industrial park is under creation in Balakhani

President Ilham Aliyev signed a decree on amendments to Presidential Decree #1947 from 28 December 2011 "On the establishment of the Balakhani Industrial Park in Baku"

IMF’s forecast: Caucasus states’ economies to grow

The economies of the Caucasus and Central Asia (CCA) region will increase by 3.7% this year and by 4.1% in 2022

Territory of Sumgait Chemical & Industrial Park to be expanded

President Ilham Aliyev has signed a decree on the expansion of the territory of the Sumgait Chemical & Industrial Park

Amendments made to Regulation on Tax Bodies

President Ilham Aliyev has signed another decree

Moody's has published outlook on Azerbaijan's credit rating

International rating agency Moody's has confirmed the credit rating of Azerbaijan at the level of Ba2

Size of average income of one municipality in Azerbaijan unveiled

Azerbaijan recorded a decrease on expenditures and revenues of the municipalities of the country last year.

Substantial reduction reported on rent for municipal real estate and land plots

The income of municipal authorities from the rental of municipal property and land amounted to AZN 12.44 million for 2020

Some indicators show decline on revenues to municipal budgets

MP: A new stage in management of large state-run enterprises begins

One more document signed between Azerbaijan and Turkey

Azerbaijan and Turkey have signed the Memorandum of Understanding on digital trade

A new leasing company passed state registration

The State Tax Service under the Ministry of Economy has registered GM Lizinq LLC.

Economy Minister: Over 4,200 Turkish companies operate in Azerbaijan

Turkey's business community is well represented in Azerbaijan, and the number of Turkish companies in the country is growing

WB forecast: Azerbaijan's economic growth to reach 3.9% in 2022

The World Bank has distributed report “Data, Digitalization, & Governance” on the Europe and Central Asia region

WB has published a report with positive outlook on Azerbaijan

Azerbaijan’s economic recovery is expected to be gradual, with production returning to pre-Covid-19 levels only by end 2022

Azerbaijan Industrial Corporation creates a joint venture

Azerbaijan Industrial Corporation plans to create a joint venture

Polimer Industrial Park owes a large sum to the state

Polimer Industrial Park LLC has a large debt to the state

Forecast: Azerbaijan's GDP to grow by 2% this year

The European Bank for Reconstruction & Development (EBRD) forecasts Azerbaijan's GDP growth at the level of 2% in 2021, ABC.AZ reports with reference to the bank