Vusal Gasimli: Azerbaijan is one of 3 states whose economies least affected by pandemic

According to the forecast of the International Monetary Fund, while the global economy will shrink by 3% in 2020 as a result of the pandemic, and the economy of oil-exporting countries in the Middle East and Central Asia - by 3.9%, the Azerbaijani economy will shrink by only 2.2%.

President orders on allocation of financing for improvement of 10 cities

President Ilham Aliyev has signed an order on the additional measures aimed to improve the supply of irrigation water to cultivated areas and meet the needs of the population for drinking water

IMF to help to 103 countries – relevant matter under consideration

Kristalina Georgieva, the president of the International Monetary Fund spoke about the difficulties of the pandemic period and its impact on economic activity

IMF president: Income per capita in 170 countries to fall this year

Global economic activity will be reduced on a scale not seen since the great depression of 1929

Tax payment date announced - Term extended

The deadline for filing tax reports and paying taxes during the special quarantine regime has been announced

Data published on money spent on house construction for Jan-Mar

57.5% of the financing allocated for fixed assets for Jan-Mar 2020 was directed for the construction & installation works.

Over AZN 46 million transferred to accounts of these entrepreneurs

The State Budget allocated totally AZN 46.915 million within the five tranches to date to provide the financial support to employees and individual (micro) entrepreneurs working in the pandemic-affected spheres.

March inflation made up 1%

The consumer price index (inflation) for Jan-Mar 2020 made up 3%, including food, beverages and tobacco products 5.2%, nonfoods 1.2%, and paid services 1.4%

Azerbaijan sends raw materials to Georgia for mask fabrication

Another batch of gauze fabric for 500,000 m has been delivered to Georgia from Azerbaijan

Goods whose production declined for Jan-Mar

The statistics on industrial production for Jan-Mar 2020 has been published

List of goods whose fabrication has increased

Over the first 3 months of 2020 Azerbaijan produced industrial output by 0.8% more against Jan-Mar 2019

Industrial production increased - Results for 3 months

Over Jan-Mar 2020 industrial output was manufactured for AZN 10.6 bn (by 0.8% more versus Jan-Mar 2019)

Forecast: Revenues to fall in 20 economic sectors most affected by pandemic

An analysis of GDP using the expenditure method shows that household and government consumption, as well as net exports, will tend to decline in the remainder of the year

Vusal Gasimli says about expectations of finding new financial sources

In accordance with the current budget legislation the priority of budget expenditures has been re-evaluated, and a total of AZN 1.35 billion were allocated to fight the post-pandemic crisis due to the reduction and reorientation of some expenditures, the Presidential Reserve Fund and other financial sources

A new credit guarantee program under development to be launched this month

The Ministry of Economy is going to launch a program of state credit guarantees until the end of April

Vusal Gasimli: Azerbaijan did not use foreign borrowing to fight corona crisis

Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications, has commented on the impact of the pandemic on the different sectors of Azerbaijan as a whole

Vusal Gasimli: Investments and expenditures in budget under review

The most severe global economic crisis in the 20th century, the lowest oil price and the largest pandemic affect the revenues of the consolidated budget in Azerbaijan

IMF to provide urgently funds to 25 countries in debt - List

The International Monetary Fund is likely to give urgent assistance to 25 member countries

Fitch affirms Azerbaijan`s ratings, changes forecast - Report

The negative outlook reflects the impact on the economy of the combined shock from falling oil prices and the COVID-19 pandemic on Azerbaijan`s external buffers and on macroeconomic stability

EU to finance EUR 14 million to Azerbaijan to combat coronavirus

Some entrepreneurs to receive tax incentives - Proposals ready

A range of tax incentives and vacations will be provided to businesses working in spheres affected by the pandemic.