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

Two of most popular products exempt from VAT since January

According to the changes to the Tax Code from 1 January 2020, the sale of poultry meat will be exempt from VAT for 4 years

To attention of VAT-payers - since January, the payment to be made in another way

If in previous years, when paying VAT the State Budget took into account the 30-day period of sale of goods, now this method has changed

Big progress achieved in tax accounting - Deputy Tax Minister

776 on-site tax audits were conducted for the past 11 months of 2019

103,000 new taxpayers registered for Jan-Nov 2019 - Sahib Alekberov

Azerbaijan registered 103,000 new taxpayers for the past 11 months of the year

GDP growth exceeds 2% first time in 5 years

This year GDP growth in Azerbaijan exceeded 2% for the first time in the last 5 years

Assets and deposits in banking sector have grown - Vusal Gasimli

For the past 11 months of the current year the State Budget surplus totaled AZN 957 million and the trade balance reached positive balance of $6 bn.

Current inflation rate in Azerbaijan is optimal

The inflation in Azerbaijan is forecasted at the level of 4.8% in 2020