This year, banks received AZN 267.9 million of net profit

Central Bank raises discount rate to 9%

The Central Bank of Azerbaijan (CBA) has raised the discount rate by 25 basis points to 9%.

IMF increases China's economic growth forecast — Report

The International Monetary Fund (IMF) has presented a new report.

Azerbaijan establishes new benefits

New benefits are being established in Azerbaijan.

Manufacturing sector activity in eurozone decreased

Business activity in the manufacturing sector of the single European currency circulation zone accelerated the decline in April.

Monthly inflation in Istanbul exceeds 62%

The inflation in Istanbul for April was 4.57% for the month and 62.46% for the year.

Financial aid to be given to entrepreneurs in liberated territories

President Ilham Aliyev signed a decree on the provision of financial assistance for the use of public utilities to entrepreneurs engaged in production activities in the territories liberated from occupation.

IMF lowers Türkiye’s growth forecast

The IMF lowered Türkiye's growth forecast by 0.3 points to 2.7%.

U.S.’ debt steadily rises

The U.S.’ debt is steadily growing.

Groundbreaking ceremony of two production enterprises to be held in Azerbaijan

President of the Republic of Azerbaijan Ilham Aliyev has received Chairman of the Board of “Uzavtosanoat” JSC of Uzbekistan Ulugbek Rozukulov.

10 non-working days in May

Non-working holidays in May 2023 have become known.

Azerbaijan increases export of alcoholic and non-alcoholic beverages

Azerbaijan’s export of alcoholic and non-alcoholic beverages increased 6.9-fold and the export of sugar by 28.6% for Jan-Man 2023.

List of Azerbaijan’s largest export companies

The Export Review for Jan-Mar 2023 compiled a rating of both non-state and state exporting entities in the non-oil sector.

Sony gets annual profit of $8.9 bn

Japanese electronics manufacturer Sony has presented its results for Q4 and entire fiscal year 2022, which ended on March 31.

GDP growth in euro area was 0.1% in 1st quarter of 2023

Chinese entrepreneurs invited to Alat Economic Zone

A business forum on the topic "Alat Free Economic Zone - new opportunities for cooperation in Azerbaijani-Chinese economic relations" was held at the Azerbaijani Embassy in China.

State Budget to be revised – salaries may rise

Iron ore is sold at price of less than $100 per ton

A ton of iron ore was sold on the world market at price of less than $100 for the first time since the beginning of December. This is linked with difficulties faced by China's construction sector.

Fields in Fuzuli to be put into operation

It is planned to allow exploitation of limestone deposit Dovlatyarli, sand and gravel deposits Ashagi Guzlak and Guruchay located on the territory of Fuzuli district.

Inflation in Australia has fallen to 7%

In the 1st quarter of 2023, inflation in Australia decreased from 7.8% to 7% year-on-year.

A factory with investments of AZN 1.5 million created in Jalilabad

On March 31, 2023, the State Tax Service under the Ministry of Economy carried out the state registration of Zarat Yem Fabriki LLC (TIN: 8303817421).