Economics - 2024
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Baku, Azerbaijan - The inaugural summit of air navigation heads from Azerbaijan, Turkey, and Central Asian nations (Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan) is currently under...
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Azerbaijan is actively developing its customs infrastructure along the key borders with Georgia and Russia to increase its transit potential. Speaking at a round table on "Non-tariff barriers to trade...
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In the ever-changing global communications space, Azerbaijan has made a leap in the speed of broadband Internet access, which has marked a significant increase of 30% over the past 12 months. Accordin...
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In a significant development for the Azerbaijani financial market, payment organizations and electronic money entities are now empowered to extend loans to individuals availing their services. This mo...
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As of January 1, the Tax Service under the Ministry of Economy in Azerbaijan has eliminated the 75% tax benefit previously granted to microentrepreneurs. This group, comprising businesses with a finan...
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Azerbaijani President Ilham Aliyev has given his nod to the much-anticipated Competition Code, marking a pivotal development for the country's regulatory landscape. Comprising 12 sections and 84 artic...
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In the fiscal year 2023, the state budget of Azerbaijan witnessed a notable reduction in its deficit, amounting to 0.7% of the Gross Domestic Product (GDP). This figure represents a substantial 1.8 pe...
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In the fiscal year 2023, a significant portion of Azerbaijan's state budget expenditures was directed towards social purposes, accounting for 35.8% of the total budget. Operational data from the Minis...







