Pension capital increases due to indexation by 8.8%

Ilham Aliyev approves Law on State Reserves

President Ilham Aliyev has endorsed the Law on State Reserves.

Economic Zones Development Agency allocated money for a deal

The Economic Zones Development Agency has concluded an agreement with Fortis Industrial Solutions LLC in the amount of 2.5 million manats.

Chairman of board of Economic Zones Development Agency appointed

Seymur Adigezalov has been appointed the chairman of board of the Economic Zones Development Agency (under the Ministry of Economy of Azerbaijan).

Entrepreneurs in liberated territories can apply for preferential loans

Starting from today, entrepreneurs operating in the occupation-liberated territories of Azerbaijan will be able to apply for preferential loans under the mechanism of guarantees and subsidies.

WB: Azerbaijan has several problems with water

There is a problem of ecology, water source, and water supply in Azerbaijan. This creates problems for irrigation and water use by consumers in agriculture.

CBA's foreign exchange reserves grew by 28%

Data on works in Alat Free Economic Zone made public

A working group has been established to ensure the effective organization and proper coordination of work on the development of the territories of the next stage allotted to the Alat Free Economic Zone.

Textile industry to be standardized - a committee established

The Technical Committee for Standardization of the Textile Sector (Azstand/TK 45) was established by the Azerbaijan Institute of Standardization (Azstand), subordinate to the State Service for Antimonopoly Supervision & Consumer Market Control.

Azerelektroterm's profit observed decline in 2022

Azerelektroterm OJSC has published financial statements for 2022.

If this project is launched, thousands of jobs to open in Dashkesan

According to Boston Consulting Group, the cost of investments in Dashkesan Iron Ore Project is estimated at 1.7 bn manats.

Azerbaijan plans to produce artificial diamonds

Artificial diamonds produced in laboratory conditions are used in many industries, in the manufacture of medical equipment, and in the military industry. The use and application of artificial diamonds is growing rapidly.

AzerGold paid taxes in excess of 38 million manats

In 2023, AzerGold and its subsidiaries paid taxes in the amount of 38.4 million manats.

538 vehicles privatized in Azerbaijan in 2023

Universal Metal published a report - the year ended with losses

Universal Metal CJSC finished 2022 with loss of 708,000 manats.

Last month, business loans from government funds decreased

In December 2023, business loans given at the expense of state funds decreased in Azerbaijan.

Azerpocht's net profit totaled 4.6 million manats last year       

Cost of cash registers imported in Azerbaijan drops by $20 

Minister: Preferential loan for AZN 200,000 given for production of flour products

Azerbaijan is projected to have budget surplus in next two years

Azerbaijan's economic growth declined to about 1.4% in 2023, and we predict that GDP growth will be relatively low over the next two years.

‘World Bank ready to support Azerbaijan regarding COP29'