Inflation on Annualized Basis 1.7%

According to the State Statistics Committee, Azerbaijan's GDP decreased by 4.5% in the first four months of 2024, amounting to 38.18 billion manats ($22.45 billion). This indicates a significant decline compared to the same period in 2023, which is largely due to a drop in oil revenues.

Bulgaria is in talks with Azerbaijan to increase its natural gas supplies amid the ongoing energy crisis, Acting Bulgarian Energy Minister Vladimir Malinov said on Bulgarian National Television. The discussions aim to enhance gas deliveries not only through Greece but also via Turkey.

The Baku Stock Exchange (BSE) has unveiled its "Strategic Development Plan for 2024-2026," following approval by its Supervisory Board. The comprehensive plan aims to diversify capital markets, boost investor confidence, and foster an organized and transparent market environment.

Orkhan Mammadov, Chairman of the Board of the Agency for the Development of Small and Medium-Sized Businesses (KOBIA), addressed the difficulties faced by small businesses in penetrating large supermarket chains at the Summit of Supply Chain Leaders in Baku. The summit, held on May 13, brought together up to 600 specialists from various sectors to discuss advancements and challenges in procurement and supply.