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.

Tax collection in districts of Azerbaijan increased by 21%

Taxes in the amount of AZN 353.1 million were gathered in the districts of Azerbaijan in the 1st quarter of 2023.

EU prepares to change system to improve capital market

The European Union is preparing to change the taxation system in order to increase investment and improve the capital market.

President endorses the law on execution of State Budget for 2022

President Ilham Aliyev has approved the Law on the Execution of State Budget for 2022.

President Ilham Aliyev approves law on execution of State Budget

The State Budget 2023 revenues and expenditures have been increased.

Production of refrigerators in Azerbaijan grew 13-fold

Textile production in Azerbaijan fell almost by 3.6%

Azerbaijan produced textiles for AZN 164.9 million over Jan-May 2023 (versus textiles for AZN 171.1 million for Jan-May 2022).

Ilham Aliyev received OPEC Secretary General

Azerbaijani President Ilham Aliyev has received Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais.

WB reveals 3 most necessary reforms in Azerbaijan

Three reforms needed to be implemented in Azerbaijan, such as improving the availability of financial resources to increase productivity in the non-energy sector, increasing the private sector’s access to qualified human resources, and improving the competitive environment in the economy.

Azerbaijan’s car imports grew by 40%

The import of cars for various purposes to Azerbaijan increased by 40.4% up to 40,264 motor vehicles for Jan-May 2023.