Statistics Committee: Textile industry observes fall in production

The State Statistics Committee has published a report on a range of directions

Number of Sumgait Industrial Park residents has reached 21

A new resident, Azmonbat LLC, has been registered in the Sumgait Chemical Industrial Park

Baku Mayor Eldar Azizov gave instructions to its employees on spending of funds

The Baku City Executive Power held an enlarged meeting with participation of chiefs of staff and economic services within the executive power

Production in this sector grew by about 15%

Production in the non-oil sector grew by 14.3%

GDP has also grown and exceeded AZN 81 bn

Enterprises, organizations and individual entrepreneurs operating in Azerbaijan produced GDP for AZN 81.7 bn

Over AZN 17 bn directed for fixed assets last year

More than 17.18 bn was directed for the fixed capital from all financial sources for the development of the economy and social sphere of Azerbaijan in 2019

List on another sector with growing production

The non-oil sector observes great growth

Economy Minister told about decrease in shadow economy

The shadow economy observes a decline as a result of tax reforms

Expert: Only 10% of Azerbaijan`s export accounts for non-oil sector

Expert economist Rovshan Agayev has commented on foreign trade statistics for 2019

Now Azerbaijan ranks 61st on economic indicators

Azerbaijan ranks the 61st position on economic indicators in the rating of US News and World Report

Economy Minister covered theme of poverty in Azerbaijan at a Baku seminar

Economy Minister Mikail Jabbarov announced the level of poverty in Azerbaijan

Population growth to affect non-oil GDP by 0.5% a year

Finance Minister: Azerbaijan`s budget to be largest in its history

Significant changes have occurred in the expenditures of State Budget 2019

Surplus of about AZN 8 bn formed in consolidated budget

Surplus of AZN 7.34 bn was formed in the consolidated budget (4-fold more against the projected deficit)

Deputy PM Shahin Mustafayev: non-oil export observes rise of 14%

Yesterday, on 13 January, President Ilham Aliyev held a meeting dedicated to the results of 2019

Samir Sharifov: consolidated budget revenues exceed the forecast

When restructuring the State Budget in 2019, we’ve already reduced the transfer to the State Social Protection Fund by AZN 150 million

Finance Minister: Budget deficit reached AZN 205 million in 2019

State Budget revenues for 2019 were fulfilled for AZN 24.2 bn against the forecast of AZN 23.168 bn

Budget revenues increased at expense of State Customs Committee

The State Budget received taxes and fees in the amount of AZN 402.28 million from the State Customs Committee in December 2019

Central Bank`s goal on inflation stay same - Statement

We`ll try to keep and strengthen inflation at the level of 4%

WB`s statement on Azerbaijan – about need of reforms

Additional reforms are needed to improve risk management, create a stronger capital buffer and restore lending to the real sector

Pace of economic growth to increase next year - Central Bank

Economic growth in Azerbaijan is projected to increase in 2020 compared with 2019