ADB forecasts inflation of 10% in Azerbaijan

Data released on Eurozone inflation

Data on inflation in the eurozone has been released.

Nakhchivan records a rise of 41% on tax revenues for Jan-Aug

Tax revenues in Nakhchivan increased by 41%.

Azerbaijan bought 80 new buses in 7 months

Azerbaijan imported 52,675 autombiles, 3,794 trucks and 80 buses for Jan-Jul 2023.

Another reason determined for revoking license and permit

Another reason for revoking the license and permit is being determined.

List of world’s largest industrial countries published

The world-famous publication World of Statistics has prepared statistical data of the largest industrial countries in the world.

Number of labor contracts has risen by 350,888 for four years

Companies in Azerbaijan paid taxes for AZN 6.5 bn for Jan-Jul

Armenian-American metallurgical plant to be moved

ECB calls expected inflation rate in eurozone

The European Central Bank predicts that annual inflation in the eurozone in the coming year will exceed 3.0%.

Sphere with most of all salaried employees

As of August 1, 2023, the number of salaried employees in the country's economy reached 1,706,500 people, including 891,700 people in the public sector and 814,800 people in the non-state sector of the economy.

Azerbaijan's balance of payments surplus exceeds $5 bn

The current account surplus of Azerbaijan's balance of payments amounted to $5.154 bn or 14.5% of GDP in the 1st half of 2023.

Azerbaijan's GDP has grown slightly

Azerbaijan's GDP made 80.096 bn ($47.1 bn) for Jan-Aug 2023, up 0.8% year-on-year.

President allocated AZN 12 million to Azersu - Order

President Ilham Aliyev has signed an order on measures to improve the supply of drinking water to the population of Ismayilli district.

How will rising oil prices affect wages?

European Commission lowers its forecast for GDP growth in EU

The European Commission has lowered the estimate of GDP growth in the European Union in 2023 from 1% to 0.8%, and in 2024 - from 1.7% to 1.4%.

Average annual inflation in Azerbaijan has slowed to 11.7%

British American Tobacco declares sale of its business in Russia

British American Tobacco has announced the sale of its business in Russia and Belarus, the trademarks used will remain the property of the Russian business.

Industrial zone to be created around Kalbajar

Creation of an industrial zone around the city of Kelbajar is planned.

Türkiye is 7th country in world with highest inflation

In August 2023, prices for consumer goods and tariffs for services in Türkiye increased by 58.94% compared with August 2022.

373,800 manats of VAT returned to population in Nakhchivan