AzerGold's revenue from sales increased in 2022

In 2022, there was a positive trend in the volume of gold and silver sales of AzerGold CJSC in the international and domestic markets.

Procedures improved for obtaining permits for operation of construction facilities

A plant with investment value of AZN 3 million opens in Azerbaijan

Holcim OJSC (Azerbaijan) has been registered as a new resident of industrial park “Araz Valley Economic Zone”, which is under the jurisdiction of the Economic Zone Development Agency (under the Ministry of Economy).

Processing sector observed decline for past 2 months

A decrease was also observed in the processing sector of Azerbaijan for Jan-Feb 2023.

Azerbaijan’s industrial production has reduced

The industrial enterprises and individual entrepreneurs operating in this field manufactured products for AZN 12.7 bn ($7.47 bn) for Jan-Feb 2023 (2.8% versus Jan-Feb 2022)

Azerbaijan's GDP grew by 0.4% for Jan-Feb

Over the past 2 months Azerbaijan produced GDP worth AZN 19.8 bn ($11.65 bn), or 0.4% more versus Jan-Feb 2022, ABC.AZ reports, referring to the State Statistics Committee.

Double taxation between Azerbaijan and Japan abolished

Double taxation will be abolished in respect of income taxes between Azerbaijan and Japan.

A copper ore zone discovered in Gedabek district

A new non-resident registered in Aghdam Industrial Park

Foreign investments in Georgian economy grew by 61%

Foreign direct investments in the Georgian economy last year amounted to $2 bn (61.1% more than last year), ABC.AZ reports with reference to the National Statistical Service of Georgia.

By 2050, water reserves in Azerbaijan to be reduced by 15-20%

Unfortunately, climate change has not spared Azerbaijan either.

There are 25 bn cu m of water resources in Azerbaijan

Amelioration & Water Management OJSC distributes 94.5% of the available water resources in the country.

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