Azerbaijan’s budget surplus increased 11.6%

Azerbaijan’s GDP grew by 0.5% for past 6 months

Over Jan-Jun 2023, Azerbaijan produced GDP for AZN 60.3 bn ($35.4 bn), 0.5% more year-on-year, ABC.AZ reports with reference to the State Statistical Committee.

Industrial production reduced for past 6 months

Over Jan-Jun 2023, industrial enterprises and private entrepreneurs of Azerbaijan produced industrial output for AZN 34.7 bn, or 1.6% less against Jan-Jun 2022.

President Ilham Aliyev has held a meeting

President of the Republic of Azerbaijan Ilham Aliyev has chaired a meeting dedicated to the socio-economic results of six months of 2023.

German inflation accelerates up to 6.8% in June

Consumer prices in Germany, harmonized with EU standards, increased by 6.8% year-on-year in June.

New departments created in Nakhchivan

New departments have been created in the Nakhchivan Autonomous Republic.

Hungarian company to build a factory on production of energy drinks in Azerbaijan

A shareholders agreement has been signed between Azerbaijan Investment Company and Hell Energy (Hungary).

India to become world’s 2nd largest economy by 2075

India's GDP will reach $52.5 trillion by 2075, as a result, the country will take 2nd place in this indicator.

In 2023, AZN 3.9 bn paid for pensions, allowances and scholarships of population

AZN 3.94 bn paid for pensions, allowances, scholarships and targeted state social assistance over Jan-Jun 2023 (21.4%, or AZN 695 million) more against Jan-Jun 2022.

Shakhbulag limestone deposit put into operation in Aghdam

Shakhbulag limestone deposit, located on the territory of Aghdam district, has been put into operation.

Financial Monitoring Service’s income reduced by 9.7% in 2022

The Financial Monitoring Service received revenues of AZN 2.751 million for 2022 (9.7% less than in 2021)

4 plants for production of medicines under construction in Azerbaijan

Four plants for manufacture of medicines are being built in Azerbaijan.

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).