New deputy head of Nakhchivan State Tax Service appointed

A new deputy head of the State Tax Service of the Nakhchivan Autonomous Republic has been appointed.

Rate of active taxpayers increased by 3%

As of May 1, 2023, the number of active taxpayers in Azerbaijan reached 732,200.

Tax revenues in Nakhchivan increased by 41.7% for Jan-Apr

In April 2023, the budget received AZN 5.6 million from the State Tax Service of Nakhchivan Autonomous Republic

Production at enterprises decreased

Industrial enterprises and individual entrepreneurs operating in this area produced industrial output for AZN 24.3 bn for Jan-Apr 2023, or 2.4% less versus Jan-Apr 2022.

Tax revenues from oil & gas sector grew more than by 16%

Eldar Azizov: There is no concrete decision yet on construction of a bridge from Bayilov to Akhmedli

Azerbaijani billionaire puts his yacht up for sale

The sanctions imposed against Russia not only weaken the country, but also affect the financial situation of entrepreneurs.

Warren Buffett: The best period of U.S. economy is over

Warren Buffett has made a number of statements about the U.S. economy.

List of world’s most expensive cosmetic companies

L'Oreal (France) has been leading the rating of brands engaged in the production of the most expensive cosmetics in the world for the fourth year

Loans given by this bank to customers fell to AZN 8.448 million

The assets of the Azerbaijani branch of Bank Melli Iran in the first quarter of 2023 increased by AZN 5.732 million compared with the end of the last quarter.

China increases gold reserves for 6th month in a row

China has been increasing its gold reserves for the sixth month in a row.

Taxpayer Service Center opens in Nakhchivan

The Taxpayer Service Center has opened in Nakhchivan.

Azerbaijan's nominal GDP has grown 22-fold for past 20 years

Azerbaijan is a country with rapidly developing economy.

Factory orders in Germany significantly decreased

The German Federal Statistical Office (Destatis) has published preliminary data on factory orders for March.

Azerboru has owed about AZN 6 million to state

Azerboru OJSC has millions of tax liabilities to the state.

Volvo cuts 6% of its employees in Sweden

Volvo Cars is laying off 1,300 employees in Sweden, of which 1,100 work in the company itself, and the rest at various enterprises throughout the country

Central Bank has placed notes on stock exchange

On May 4, two issues of notes of the Central Bank of Azerbaijan (CBA) were placed on the Baku Stock Exchange (BSE).

President Aliyev: Zangezur corridor has a big potential

There's a big potential in Zangezur corridor. The railroad connection between China, Kyrgyzstan, Uzbekistan, is started.

Ilham Aliyev: We have big expectations with respect to the future activity of the Alat Free Economic Zone

We have big expectations with respect to the future activity of the Alat Free Economic Zone, which has a very solid legal foundation and the rules of the zone, I think it should be very attractive for investors.

EU prepares to expand production of weapons

The European Commission is preparing a package of documents on the accelerated militarization of the EU economy.

Azerbaijan and Türkiye to consider opportunities for joint production of medicines