Economics - 2024
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In a January report by the Center for Analysis and Communication of Economic Reforms, Azerbaijan announced an increase in exports of the non-oil sector by 9.8%, reaching $3.3 billion in 2023. This is...
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In an unexpected turn of events, Sabina Perfumery&Cosmetics LLC, the entity behind the renowned chain of perfumery and cosmetics stores, SABINA, has declared self-liquidation. The announcement was for...
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Azerbaijani economist Natig Jafarli has voiced strong criticism against the government's tax policy, citing it as a contributing factor to increased economic challenges. The proposed amendments to the...
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During the official visit of UAE President Sheikh Mohammed bin Zayed Al Nahyan to Baku, Azerbaijan, both nations affirmed their commitment to collaborative energy initiatives through the signing of fo...
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In a landmark visit, President Sheikh Mohammed bin Zayed Al Nahyan of the United Arab Emirates (UAE) engaged in talks with Azerbaijani President Ilham Aliyev in Baku, resulting in the signing of a com...
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The Space Agency under the Ministry of Digital Development and Transport, Azərkosmos, has initiated an open tender for the comprehensive insurance coverage of the Azerspace-1 satellite against all ris...
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Zakir Nuriyev, Chairman of the Association of Banks of Azerbaijan, disclosed today at the Azerbaijan Financial Forum "Achievements and Challenges" that Azerbaijani banks witnessed a commendable 4.5% i...
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Azerbaijani banks have announced a comprehensive write-off of credit debts for veterans of the Patriotic War, following the earlier cancellation of interest charges and other financial obligations on...
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The Baku City Master Plan, set to unfold until 2040, comes with an estimated implementation cost of 93.6 billion manats, as outlined in the comprehensive presentation of the General Plan. Delving int...
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The State Oil Fund of Azerbaijan (SOFAR) has experienced a notable 30.2% decline in oil revenues, directly attributed to a decrease in oil production at the Azeri-Chirag-Guneshli (ACG) block of fields...









