Economics - 2022
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In January this year Azerbaijan purchased 93.7 thousand tons of wheat abroad, which is up by 4 times from January 2021, the State Customs Committee said.Note that total imports of wheat are estimated...
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Owing to the growth in minimum wage from 250 to 300 manats, the average salary of 800,000 workers, including those whose salaries are determined by the Unified Wage Tariff Scale (UWTS) for public sect...
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In 2021 with revenues of AZN 209.6 million, hotels in Azerbaijan suffered losses amounting to AZN 21.8 million. Hotels in Baku were also loss-making, the State Statistics Committee said.The hotels wer...
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At the beginning of this year there were 712 hotels and hotel facilities in Azerbaijan, which is up by 30 units, or 4.4% from a year earlier, the State Statistics Committee told Turan.For 2021, the nu...
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Investigation carried out by the State Service for Antimonopoly Supervision and Control of the Consumer Market under the Ministry of Economy into the dissemination of advertising revealed signs of unf...
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A delegation of Polish airline LOT, headed by chief operating officer Maciej Wilk, visited Baku at the invitation of Azerbaijan Airlines.In a meeting held at the AZAL office on 24 February Vice-Presid...
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Four residents of the Pirallahi Industrial Park invested AZN 37 million in the production of medicines, medical supplies and personal care products, the Economy Ministry reported.Of the four residents...
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As compared to the beginning of 2019, the number of employment contracts at the beginning of this year has grown by about 283 thousand. In the non-oil private sector, this figure is more than 233 thou...
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Process of "whitewashing" of turnover concentrated in the "shadow economy" has accelerated in Azerbaijan. This was the statement made in the press by head of the State Tax Service Orkhan Nazarli.In su...
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This week Azerenerji OJSC released its consolidated financial report for 2020 accompanied by a positive audit report, according to which the financial condition of the state-owned monopoly for electri...
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Owing to the aggravation of the situation between Ukraine and the Russian Federation and the security threat to the delivery of Azerbaijani oil to Ukraine, oil exports from Baku to Odessa via the Blac...
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The State Compulsory Medical Insurance Agency has announced the signing of a contract for maintenance of modular hospitals for coronavirus patients located in Baku and regions of the country. At the s...
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In 2021, total investments into fixed capital in Azerbaijan's Karabakh and East-Zangezur economic regions exceeded AZN 2.242 bn, the State Statistics Committee stated. This is up by 7.9 times from the...
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The Fourth Industrial Revolution Network Center of the World Economic Forum has opened today in Baku. The event entitled "Trends of the Fourth Industrial Revolution" was timed to coincide with the ope...
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As of 1 February, the number of unemployed in Azerbaijan made up 315,800 people, or 5.95% of the working-age population. In annual terms, the unemployment rate in the country declined by 1.1%, the Sta...
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As of late December 2021, the number of foreigners with valid work permits issued and extended for gainful employment in the country totaled 7,698 people. This is up by 45.6% from a year earlier, the...















