Customs Committee`s transfer to Azerbaijan’s budget for October exceeds AZN 300 million

The State Budget received taxes and customs duties in the total amount of AZN 314.407 million from the State Customs Committee for October of this year

Georgian government lowers its economic growth forecast for 2021

The forecast of economic growth is set at the level of 4.3% in the State Budget of Georgia for 2021

State Budget revenues from VAT transfers also decreased – by about 8%

The State Customs Committee has published statistics on some indicators for Jan-Oct 2020

Consumer price index grew by 2.8% for past 10 months

Azerbaijan has published the data on the prices for consumer goods Jan-Oct 2020.

Vusal Gasimli: Liberation of Shusha means period of economic revival

Vusal Gasimli: Potential for development of creative industries in Shusha is great

Shusha will once again become the center of the creative industry not only in Azerbaijan, but also in the entire Caucasus.

These economic ties are restored

All economic and transport links in the region are being restored

State spent over AZN 200 million on salaried employees

The Ministry of Economy has distributed information about the payment of a certain part of wages to salaried employees

Situation in Armenia gets worse – economy expected to decline almost by 5%

The economic problems caused by the coronavirus (Covid-19) pandemic in Armenia are compounded by the escalation of the Nagorno-Karabakh conflict

2 more companies with equity capital of AZN 100,000 registered in STP

Two more companies have been created in Azerbaijan

Inflation in Turkey approaches to 12%

This October`s consumer price index (inflation) increased by 11.89% in Turkey versus October 2019

Hikmet Hajiyev: Vejneli gold was used as a brand name

One of Azerbaijan`s largest gold deposits liberated from occupation

One of the largest gold deposits in Azerbaijan, the village of Vejneli, has been liberated from occupation

Central Bank forecasts no more than 3% inflation at end of 2020

Azerbaijani Central Bank`s chairman Elman Rustamov has conducted an online press conference, where he explained some matters

IMF`s official rep: Most countries in this region not prepared for pandemic

As a result of the impact of the coronavirus pandemic (Covid-19), we have seen serious volatility in oil and gas prices

Lending to Azerbaijan`s economy has grown

Azerbaijan has published the data on the lending to the domestic economy for the past 9 months of 2020

Nakhchivan`s GDP increased

GDP in the Nakhchivan Autonomous Republic amounted to AZN 2.1 bn for Jan-Sept 2020 (0.7% more versus Jan-Sept 2019).

Vusal Gasimli: Cost of gold reserves in Karabakh is $8 bn

Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications, has conducted today a news conference to clarify some issues.

Azerbaijan has stable macroeconomic and financial stability - Response to Armenian provocation

S&P downgrades Azerbaijan`s rating from ‘Stable’ to ‘Negative’

International rating agency S&P Global Ratings has confirmed the long-term Issuer Default Ratings (IDRs) of Azerbaijan in foreign and local currencies at the level of BB+/B

Funds allocated for fixed assets are directed to these spheres

53.2% of the total funds allocated to fixed assets were spent on industry and 20.2% on the construction over Jan-Sept 2020