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

Rate of taxpayers grew 2.1-fold in Nakhchivan

The number of taxpayers in Nakhchivan has increased 2.1-fold.

Credit insurance market has grown this year

In July, producer prices in eurozone decreased

The European Statistical Office (Eurostat) has published data on the producer price index (PPI) of the European Union (EU) and the eurozone for July.

Standard & Poor's confirms Kazakhstan's sovereign credit rating

International rating agency Standard & Poor's has confirmed the sovereign credit rating of Kazakhstan at the level of BBB-/A-3, the forecast is Stable.

Industrial park with zero emissions can be created in Azerbaijan

AZPROMO declares tender

Consumer price index in Türkiye exceeds 9% for August

Annual inflation in Türkiye increased again in August, ABC.AZ reports with reference to Turkish Statistical Institute (TurkStat or TÜİK).

Azerbaijan discusses infrastructure projects with China

Production in Hajigabul Industrial District up by more than 6 times

Over the first half of 2023, the production in the Hajigabul Industrial District exceeded AZN 32.1 million manats, which is more than six times as much as in the first half of 2022,