WB updates economic growth forecast on Azerbaijan in June

The World Bank forecasts economic growth in Azerbaijan at 2.3% in 2024 and 2.4% in 2025 and 2026.

State of industry in Baku announced

Over Jan-Apr 2024, the volume of goods produced in the industrial sector and services rendered amounted to 17.7 billion manats.

Manufacture of industrial output in NAR grew by 7.2%

Scope of 44 national technical regulations developed for various products to be as follows

In April, industrial production in Türkiye reduced almost by 5%

The Statistical Office of Türkiye has studied the sub-sectors of industry.

Rate of active taxpayers grew by 1.7%

As of June 1, 2024, the number of active taxpayers in Azerbaijan increased by 1.7% compared with the beginning of the year and reached 775,000 people.

Innovations in sale of housing to appear in Azerbaijan – a law under drafting

The preparation and corresponding submission of a draft document with amendments to the Housing Code in order to organize the safe sale of apartments and protect the rights of persons purchasing housing is scheduled for July 1, 2024.

Tatarstan's Himgrad to attract 5 residents to industrial park of Azerbaijan

Five residents will start operating in the territory of the new industrial park being created in Azerbaijan with the participation of Tatarstan technopolis Himgrad over the next year.

Annual inflation in Türkiye may exceed 75.8%

Annual inflation in Türkiye may reach a record 75.8%.

Türkiye’s economy grew by 5.7%

Türkiye’s economy grew by 5.7% in the first quarter of this year against Q1 of 2023, ABC.AZ informs with reference to the report of the Statistical Office of Turkey for Jan-Marh.

Azerbaijan to join Multilateral Tax Convention

Azerbaijan is likely to join the Multilateral Tax Convention.

Azerbaijan adopts a new state standard on corporate governance

Over 5 enterprises to start operating in Aghdam Industrial Park in 2024

More than five enterprises are expected to start operating in Azerbaijan's Aghdam Industrial Park this year.

Water distribution between Azerbaijan and Iran determined

The 53rd meeting of the permanent Joint Commission of the Republic of Azerbaijan and the Islamic Republic of Iran on the use of water and Energy Resources of the Araz River was held in Tabriz.

Investments in fixed assets in regions announced

Over Jan-Mar 2024, the total output in Azerbaijan by region increased by 2.9% compared with Jan-Mar 2023 (in nominal terms) and amounted to 7.8 bn manats.

Azerbaijan's economic growth forecast updated

Fitch Solutions, owned by Swatch Group, has set the forecast for economic growth in Azerbaijan for 2024 at 2.6% unchanged.

Gross output by region increased by 2.9%

Tariff Council to set tariffs for connecting water supply and sewerage

Azerbaijan to increase State Budget at expense of these revenues

Azerbaijan has published due to which revenues the country’s State Budget 2024 will be increased, ABC.AZ reports, referring to the Ministry of Finance.

Azerbaijan's economy is projected to grow this year

Azerbaijan's economy is projected to grow by 3.8% in 2024.

Average annual growth rate in agriculture was below target growth rate