Economics - 2022
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In the program "The Formula of Power" on the TV channel "Russia 24" President Ilham Aliyev stated that Azerbaijan entered the group of countries with above average income.Apart from the country's inco...
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Azerbaijan Airlines resumes flights between Baku and St. Petersburg in March. Thus, on March 17, the air carrier will operate flights Baku-St. Petersburg-Baku twice a week - on Thursdays and Sundays.F...
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Central and local executive bodies and other state bodies of the Republic of Azerbaijan will, no later than March 1, submit proposals to the Ministries of Finance and Economy on the establishment of t...
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In 2021, food imports to Azerbaijan cost $1 billion 930 million which is up 17.2% from the previous year, the State Customs Committee reported.As compared to 2015 ($979.5 million), food imports grew b...
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In 2021, 91.2 thousand vehicles were supplied to Azerbaijan. According to the State Customs Commite, this is the highest figure since 2013 (104.4 thousand).Last year, imports of motor vehicles grew by...
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The Azerbaijani government begins preparation of the draft state budget for 2023, as well as the concept of economic and social development of the country and medium-term forecasts.In this connection,...
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Farmers who keep livestock complain of high costs for animal insurance. According to them, insurance of livestock depending on its weight is about 20-300 manats. According to small farmers, this is th...
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Investment-development company "PMD Group" has announced today of the merger of five companies with it (Azcapital Holdings LLC, CNG Autogas LLC, Azterminal-1 firm, Ciraq-M LLC and Azvil Tikinti LLC).U...
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Buta Airways airline resumes direct flights from Baku to Mineralnye Vody. The carrier will start operating the flights on February 6, the airline's press service reports.The flights on Baku-Mineralnye...
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Last year, the volume of legal imports of gems and metals, jewelry ($121.5 million) rose by 9.3 times. The last month of December accounted for the bulk of the imports of these goods.According to the...
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In 2021, in Azerbaijan there were registered 12.2 thousand commercial and non-commercial legal entities. Baku is still the center of gravity of business: more than 80% of the companies created for the...
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Azerbaijani low-cost carrier Buta Airways will resume flights to another Ukrainian city in May. The air carrier will launch special flights to Kharkiv.The flights will resume on May 20 from Heydar Ali...
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In 2021, Azerbaijan's foreign trade turnover with 188 countries amounted to $33.9 billion, an increase of 38.5% over the previous year. The growth of world oil prices not only raised the country's inc...
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The State Property Service put up for auction three helicopters EC 155 B1. Starting price for one helicopter is estimated at AZN 2 million ($1,176,000).The auction will be held on March 1, the Ministr...
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For 2021 at the expense of 78.8% growth of overnight stays (1.787 thousand people per night) this is approximately how much the revenues of Azerbaijani hotels grew after severe restrictive measures in...
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In 2021, the volume of production of goods in industrial parks and quarters made up AZN 2.4 bn which is up 88.3% from the previous year, Economy Minister Mikayil Jabbarov wrote on his social network a...















