Economics - 2023
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Baku/12.06.23/Turan: In January-April this year, the nominal average monthly wage in Azerbaijan's economy reached 913.9 manat ($537.8). It is 10.8% more compared to the same period of 2022, the State....
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Baku/12.06.23/Turan: In May this year, deflation in Azerbaijan amounted to 0.4%. Food products in retail were on average 1.1% cheaper than in April, according to the State Statistics Committee.Accordi...
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Baku/12.06.23/Turan: An additional AZN 68 million or $40 million have been invested in the authorized capital of "Pasha Investments Overseas" LLC.According to the State Register of Commercial Legal En...
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Baku/12.06.23/Turan: "MIDA" LLC under the State Housing Construction Agency (SHCA) has signed a contract with "Global Engineering Management" company (TIN: 1505974331) for the development of an urban....
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Azerbaijan's GDP growth is predicted to decline according to S&P, which forecasts zero percent growth for this year. The country's GDP is estimated to be AZN 131 billion (USD 77 billion) in nominal te...
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Baku/12.06.23/Turan: The monthly nominal wage of steelmakers at "Baku Steel Company"s steelmaking plant is 1,500 manats ($882). The company's chief accountant earns 3.7 times as much, the company said...
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Baku/12.06.23/Turan: CJSC "Azerbaijan Railways" (AR) suspends sale of paper tickets for trains on the Absheron ring railway from 1 July. The move was made to expand digital payments, eliminate queues....
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Baku/12.06.23/Turan: The Azerbaijani Institute of Standardization ("AZSTAND") has adopted the state standards AZS TS 13412:2023 "Wheat flour enriched with iron" and AZS TS 3997:2023 "Rice" based on th...







