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'

Azerbaijan discussed digital transformation with McKinsey & Company

Azerbaijan and McKinsey & Company (U.S.) discussed digital transformation in the economy.

Azerbaijan cuts gold production in 2023

Gold production in Azerbaijan totaled 2,614 kg for 2023 (17.7% less than in 2022), ABC.AZ was informed at the State Statistics Committee.

Azerbaijan discussed with Carlsberg localization of production in the country

Azerbaijan and brewing company Carlsberg Group discussed the localization of company's production in the country within the Davos Economic Forum.

Last year, Azerbaijan's economy grew by 1.1%

In 2023, Azerbaijan produced GDP by AZN 123 bn (or by 1.1%) more than a year earlier.

Tax revenues in the NAR increased in 2023

In 2023, the State Tax Service (under the Ministry of Economy of the Nakhchivan Autonomous Republic) received taxes in the amount of more than 164.7 million mantas

Gold production by a British company in Azerbaijan fell by 45%

12.3% of taxpayers registered in Azerbaijan were with foreign investments

In 2023, 87.7% of registered commercial organizations have local investments and 12.3% have foreign investments.

Total number of taxpayers grew by 8.2% against 2022

Inflation reached 8.8% in Azerbaijan

The average annual inflation rate at the end of 2023 was 8.8% against 13.9% at the end of 2022.

25% of small business expenses on Social Security Fund are not taxed - Innovation

Forecast: Production of renewable energy sources may increase 2.5-fold in 2030

Renewable energy production could grow 2.5-fold by 2030, according to COP28 Climate Conference.

Average annual inflation in Azerbaijan is expected to reach 6.2% - Forecast

ING Group (The Netherlands) predicts that the average annual inflation in Azerbaijan will be 5% in 2024 and 5.6% in 2025

Azerbaijan adopts another state standard

Türkiye’s tomato export has grown sharply

The export of tomatoes from Türkiye in 2023 increased by 42.8% versus 2022 and reached $538.7 million.

Up to 300 trucks be able to cross Astarachay River every day

The automobile bridge built between Iran and Azerbaijan across the Astarachay River will contribute to trade and transit ties between the two countries, as well as economic growth.

UN: Azerbaijan's GDP growth is expected to reach 5.9%

The UN forecasts Azerbaijan's GDP growth at 2.6% in 2024.