Taxes to increase in Türkiye

In Türkiye, it is planned to raise taxes for local banks and companies to compensate for part of the budget deficit exacerbated by the devastating earthquakes.

AzerGold's sales revenue exceed AZN 1.28 bn

Annual inflation in Türkiye continues to decline steadily

The annual inflation in Türkiye continues to decline for seven months in a row.

Poland took 1st place in growth of inflation in EU

Poland has risen to the 1st place in the European Union in terms of inflation, overtaking the Baltic countries, ABC.AZ reports with reference to Eurostat.

Interim head of EBRD Azerbaijan Office appointed

The interim head of the Azerbaijani Office of the European Bank for Reconstruction & Development (EBRD) has been appointed

Armenian military and para-military elements on ground should be disarmed

Shortly after the end of the conflict, Azerbaijan presented five basic principles for signing peace treaty with Armenia based on the mutual recognition of each other's sovereignty and territorial integrity.

Japan's tax revenues reach record level

Japan's tax revenues in fiscal year 2022 reached a record of 71.1 trillion yens ($491.5 bn).

Manufacturing activity in eurozone has declined further

S&P Global has published the latest data of the Manufacturing Purchasing Managers' Index (PMI) in the eurozone for June.

German company opens a factory in Izmir

German manufacturer of fasteners and industrial processing systems Böllhoff opens a factory in the free district of Izmir (IZBAŞ).

SOFAZ investment property declined by 12%

Prices for holidays in Antalya doubled

The rise in the price of air tickets has led to an increase in prices for travel packages.

Central Bank currency rates for 25 June

The Central Bank of Azerbaijan has announced the exchange rate of the manat to foreign currencies for 25 June.

Azerbaijani companies with the largest exports in five months

The June issue of the Export Review has been published.

Azerbaijan Railways holds tender

Textile factories to be built in Nakhchivan and Sharur

Textile factories will open in Nakhchivan and Sharur, ABC.AZ reports, quoting NAR Economy Minister Tapdig Aliyev.

Microchip manufacturer Micron invests in India

Micron Technology (U.S.) is to construct an assembly and testing complex for DRAM and NAND memory chips in Gujarat, India.

BOA Agency’s shares included in BSE conditional listing

Moody's: Tensions with Azerbaijan may worsen Armenia's economic situation

If geopolitical tensions escalate into full-scale military actions, it could undermine Armenia's domestic policy and worsen the country's economic and fiscal prospects.

Inflation in May exceeded expectations in UK

The inflation in the UK for May turned out to be higher than expected, as consumer prices rose by 8.7% year-on-year.

This year we forecast economic growth in non-oil sector at about 5%.

This year, under an optimistic scenario, we forecast economic growth of the non-oil sector of Azerbaijan at about 5%, Adviser to Economy Minister Hagani Abdullayev said.

Paper and cardboard production grew more than by 21%

Azerbaijan produced paper and cardboard for AZN 69.4 million for Jan-May 2023.