Economics - 2023
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The State Oil Fund of Azerbaijan (SOFAR) projects a 26.1% decrease in budget revenues for the upcoming year, totaling 12,073.3 million manats, as compared to the forecasted figures for the current yea...
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Russian Prime Minister Mikhail Mishustin held a telephone conversation with his Azerbaijani counterpart Ali Asadov on Thursday, December 28, during which the main attention was paid to key aspects of...
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The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has given the green light to the creation of SOCAR Green LLC, which indicates a strategic step to promote the development of renewa...
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The International Association of Automobile Carriers of Azerbaijan (ABADA) reported a significant increase in its international transportation activities in 2023, which involved about 12,000 vehicles...
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In line with the ambitious "I State Program for the Great Return to the Territories of the Republic of Azerbaijan liberated from Occupation," significant strides are being made in the creation of a gr...
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The Central Bank of Azerbaijan (CBA) anticipates a robust economic rebound in 2024, forecasting a Gross Domestic Product (GDP) growth range of 3-3.5%. This optimistic outlook is underpinned by extensi...
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In accordance with the latest trends in monetary policy, the Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate in the range of 5% to 5.5% for 2024. Despite the Government's persisten...






