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.

Construction of first industrial explosives manufacturing plant launched in Azerbaijan

Rate of active taxpayers in Azerbaijan has increased

As of 1 February 2023, the number of active taxpayers in Azerbaijan increased by 0.3% compared with the beginning of the year and reached 713,800.

Production in oil and gas sector reduced by 4.9%

Forecast: Sweden's economy to shrink by end of 2023

Sweden is the only country in the European Union, whose economy will shrink by 2024, ABC.AZ reports, referring to European Commission’s analysts

This year began in Azerbaijan with contraction of economy

Azerbaijan produced GDP of AZN 9.69 bn in January 2023, or 1.5% less versus January 2022.

Fitch has made a forecast on Armenia

98.3% of preferential loans given to SMEs in 2022

A significant part of the preferential loans given by the Entrepreneurship Development Fund under the Ministry of Economy in 2022 were given to micro, small and medium-sized enterprises

Up to 38,000 new jobs to be created in Azerbaijan

Throughout 2016-2022, more than 570 investment promotion documents were issued to over 470 entrepreneurs.

Ensuring development of liberated lands to require significant capital investments

State support for small and medium-sized businesses (SMEs) in Azerbaijan should not be limited to concessional loans.

Minister: Last year, 50% of State Budget revenues came from non-oil sector

Tax collection is the success of an entrepreneur's business.

Branches of banks and companies to open in Nakhchivan

New chairman of Nakhchivan State Service appointed

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

Business environment to be improved in Nakhchivan

Improvement of the business environment and measures to support entrepreneurs have been discussed in the Nakhchivan Autonomous Republic.

Azerbaijan to lose AZN 10 million for these benefits

Tax benefits applied to media entities will cost AZN 10 million for the State Budget.

Gold production exceeded the plan in 2022

AzerGold sold 63,300 ounces of gold in 2022