Azerbaijan begins construction of explosives plant

In Azerbaijan, the status of more than 65,000 commercial entities is inactive. According to the State Tax Service, as of December 1, there were 188,877 registered commercial entities. Of these, 123,682 are active, while 65,195 are inactive.

Azerbaijan’s state budget revenues reached AZN 34.06 billion ($20 billion) in January-November 2024, marking a 14.9% year-on-year increase, according to data released by the State Statistics Committee.

The Ministry of Energy of Azerbaijan has approved its 2025 work plan following a meeting held in hybrid format under the chairmanship of Minister Parviz Shahbazov. The session, which reviewed 2024’s achievements, underscored Azerbaijan’s growing role in the global energy sector and its domestic advancements in renewable energy.

Azerbaijan's nominal incomes rose by 6.3% year-on-year to 74.67 billion manats ($43.9 billion) in the first 11 months of this year, underscoring steady economic growth and improving household earnings, according to data released by the State Statistics Committee.