Economics - 2024
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced o...
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the...
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azer...
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Azerbaijan's foreign trade balance showed a positive surplus of $4 billion in the first half of 2024, according to data from the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate...
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Azerbaijan's President Ilham Aliyev has approved amendments to the state program for geological studies and efficient use of mineral raw materials, as detailed in an order issued on March 16, 1941. Th...
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A business meeting took place between the Chamber of Auditors of the Republic of Azerbaijan and Reanda International Network Limited on July 26, aiming to study advanced global practices in independen...
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Azerbaijan's inflation for the 12 months ending in June stood at 1.1%, with core inflation at 0.8%, the chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, announced at a press conference...
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced...
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in indus...
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No....
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of...
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President Ilham Aliyev of Azerbaijan has issued an order to expand the territory of the Sumgayit Chemical Industrial Park, as part of broader efforts to enhance the country's industrial capacity. The...
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President Ilham Aliyev of Azerbaijan has issued a decree introducing changes to the "Regulation on the State Water Resources Agency of Azerbaijan," initially approved by a presidential decree on Novem...
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The World Bank’s Board of Executive Directors has approved an additional $150 million to expand Azerbaijan’s Employment Support Project (AESP), aimed at aiding vulnerable populations through enhanced...
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In anticipation of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), a roundtable titled “Green Construction in Azerbaijan” took p...
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A new solar power plant with a total capacity of 100 kW was inaugurated on Lake Boyukshor, near the Olympic Stadium in Baku, as part of the "Knowledge Exchange and Technical Assistance for the Develop...















