Digital Capability Center to be established in Baku

Next year, the Ministry of Economy plans to establish and operationalize the first Digital Capability Center in Baku.

Fitch Solutions presents forecast on economy of Azerbaijan

Fitch Solutions has published its forecast on the economy of Azerbaijan for 2024.

Mingəçevir Tekstil increases production capacity and number of workers

Mingəçevir Tekstil LLC, a resident of the Mingachevir Industrial Park, plans to increase production capacity from March or April 2024

Profit of industrial enterprises in China falls more than by 7%

China has seen a decline in industrial profits for the past months of this year.

Agency: Azerbaijan's economic growth in 2023-24 projected to be lower than in countries of region

International organization forecasts regarding banking sector of Azerbaijan

The profitability of the banking sector of Azerbaijan (RoAA) will be 2.1% in 2023 and 2.0% in 2024.

Baku plant reduces its authorized capital

Jabbarov: Azerbaijan's direct external debt is about 10% of GDP

To date, $7 billion has been spent from the State Budget on reconstruction and rehabilitation works in the liberated territories of Azerbaijan.

Ilham Aliyev: Minimum wage in country grown 2.7-fold, while unemployment decreased significantly

UK’s GDP growth forecast drops to 0.7% in 2024

UK’s GDP growth forecast has been lowered in 2024 to 0.7% from previous 1.8%.

Companies paid AZN 6.7 bn of income tax to State in 10 months

We must invest in eco-friendly and stable transport systems - Minister

We must invest in eco-friendly and stable transport systems, integration of renewable energy sources and reduction of carbon dioxide emissions to ensure a more sustainable future.

Cost of local production has decreased in Azerbaijan

Realization of new mechanisms of economic policy, experience of public-private partnership, as well as measures in the field of privatization is aimed at increasing private investment activity in the country.

Azerbaijan’s non-oil/gas sector to grow by 4.6% in 2024

The oil & gas sector of Azerbaijan is expected to decrease by 1.7%, while 4.6% growth is forecast in the non-oil and gas sector in 2024.

Next year, greatest growth to be in these spheres - List

Next year, five enterprises to start operating in Aghdam Industrial Park

In 2024, five enterprises will start working in the Aghdam Industrial Park.

Azerbaijan ranks 58th in this ranking, lagging behind Armenia

Switzerland has once again become the most competitive country in the world.

Azerbaijan-Slovakia double taxation abolished

The double taxation of income between the Republic of Azerbaijan and the Slovak Republic has been abolished.

Inflation fell to 4.6% in the UK

Annual inflation in the UK in October fell to 4.6%, which is the lowest value in the last two years.

Economy Minister: Azerbaijan aims to join group of high-income countries

Azerbaijan adopts another state standard