350,000 new jobs created in non-oil/gas sector to achieve Sustainable Development Goals

80% of the consolidated budget for 2024 will be spent on the Sustainable Development Goals (SDGs).

Taxpayer service centers received 542,447 people for past 10 months

Taxpayer service centers received 542,447 people from January to October 2023.

Azerbaijan observes decline on oil production and growth on gas extraction

Commercial oil production in the mining sector decreased by 8.1% and commercial gas extraction grew by 3.6%.

GDP production in Azerbaijan exceeds 100 billion manats

Azerbaijan produced GDP in the amount of 100.9 billion manats for Jan-Oct 2023, or 0.5% more versus Jan-Oct 2022.

Industrial production in Azerbaijan decreased by 1.6%

Over Jan–Oct 2023, production in the oil/gas sector in Azerbaijan decreased by 2.4%, while it rose by 7.4% in the non-oil/gas sector.

Rate of active taxpayers has increased in NAR

A water dam built between Iran and Azerbaijan to be put into operation in near future

The Maiden Tower water dam is to be opened between Iran and Azerbaijan.

Tariff Council to determine few more prices

Inflation exceeds 140% in Argentina in annual terms

The price increase in Argentina in October made up 8.3%, and in annual terms inflation exceeded 140%.

MP: Economic growth rates in Azerbaijan are comparatively low

The pace of economic growth in Azerbaijan is comparatively low compared to global indicators.

Eight out of 12 large state companies in Azerbaijan have opportunity to pay dividends

Work is underway in Azerbaijan to determine the directions of strategic projects in the non-oil/gas sector.

Turnover of new-generation cash registers increased by 15%

Number of active taxpayers in Azerbaijan exceeds 755,000

As of November 1, the number of active taxpayers in Azerbaijan stood at 755,400, up 6.1% from the beginning of the year.

Moody's downgrades outlook on U.S. rating to negative

Moody's rating agency has downgraded the outlook for the U.S. rating from Stable to Negative amid a potential suspension of the work of their federal government.

Tax revenues in Nakhchivan increased by 33%

Whitewashing in shadow economy has accelerated

Studies show that the whitewashing of transactions concentrated in the shadow economy in Azerbaijan has accelerated.

Deputy chairman of board of Economic Zones Development Agency leaves his post

Zamir Dibirov has left the post of deputy chairman of board of Economic Zones Development Agency (under the Ministry of Economy).

Mineral extraction tax receipts to decrease next year

Mineral extraction tax receipts for the next year will amount to 158.3 million mantas (3.7 million mantas, or 2.3% less than the forecast for 2023).

Corporate income tax receipts next year announced

Income from corporate income tax for the next year is provided in the amount of 5.675 billion manats.

Mingachevir Industrial Park produced output for AZN 54 million

Over the first 9 months of 2023, the Mingachevir Industrial Park, specializing in textiles, produced output for AZN 54 million (18% more versus Jan-Sept 2022).

25.6% of state real estate leased

As of July 1, 2023, there were 10,121 non-residential buildings and parts of buildings with total area of 4.426 million sq m at the disposal of the State Service for Property Issues under the Ministry of Economy.