Authorized capital of Garadagh Glass Factory published

The authorized capital of the Garadagh Glass Factory is set at the level of AZN 35.95 million.

Australia's economy may face recession

The Reserve Bank of Australia (RBA) has taken a new step to curb inflation.

The 14 poorest districts by investment per capita

The situation is bleak from angle of investment per capita in the poorest districts of Azerbaijan.

List of the poorest districts of Azerbaijan

The most backward districts of the country in terms of monetary income and investments have become known.

Steel pipe manufacture doubles for January

Ukraine's public debt exceeds $116 bn

Ukraine's public debt increased by more than $5 bn and exceeded $116 bn in January 2023, ABC.AZ reports with reference to the Ukrainian Ministry of Finance

Ore deposits undergo reassessment in Nakhchivan

Ore deposits and groundwater resources are being audited and monitored in the Nakhchivan Autonomous Republic.

IZIA Vocational Education Center signs agreement with a Hungarian company

The Memorandum of Understanding has been signed between the Vocational Education Center of the Economic Zones Development Agency (IZIA) and Hungarian company Vibrocomp International LLC.

Tax revenues in Nakhchivan have increased

Construction of a new reservoir begins in Shusha

A new reservoir is being built in Shusha, at an altitude of 1,406 meters above sea level

New Hajigabul enterprise to produce protein and organic fertilizers

An enterprise for the production of protein and organic fertilizers from waste, Provive LLC, has been launched in the Hajigabul Industrial Quarter.

Ilham Aliyev signs a decree on increasing Economy Ministry staff

Azerbaijani President Ilham Aliyev has signed a decree defining the staff of the Ministry of Economy and its structural divisions.

WB recommendations on Azerbaijan

The World Bank has unveiled the areas of Public Expenditure and Financial Accountability (PEFA), which will be the focus of attention in Azerbaijan in 2021-2026.

Azertexnolayn started exporting its products to U.S.

The export geography of Azertexnolayn LLC, a resident in the Sumgayit Chemical Industrial Park under the management of the Economic Zones Development Agency, is expanding.

Russia's GDP decreased by 2.1% by end of 2022

The decline in Russia's GDP by the end of 2022 reached 2.1%, ABC.AZ reports with reference to Rosstat’s materials.

President has given new powers to Economy Ministry

New powers have been transferred to the Ministry of Economy.

Azerbaijan's State Budget revenues increased by 46%

The revenues of the State Budget of Azerbaijan amounted to AZN 4.006 bn in January 2023 (45.9% more versus January 2022), the State Statistics Committee reports

EBRD published forecast on impact of earthquake on Turkish economy

The EBRD has published its forecast regarding the initial impact of the earthquake on the Turkish economy

Inflation in Azerbaijan may approach the target range

In 2023, inflation in Azerbaijan may approach the target range

New EBRD forecast on Azerbaijan

The EBRD forecasts Azerbaijan's GDP growth at 2.5% in 2023.

Deficit formed in the Turkish budget

Turkiye's budget began 2023 with deficit of 32.2 bn liras.