Housing construction observed a decline in 2020

The total living space transferred for use in Azerbaijan last year decreased compared with 2019

New drones to be produced in Azerbaijan

One of the resident companies of Hi-Tech Park has launched another innovative project

SOCAR suspends work on open sections of platforms

The Azerbaijan State Oil Company (SOCAR) has suspended work on open platforms due to weather conditions.

State to pay part of salary to families of martyrs

Part of the salary of the family members of the martyrs at the place of social work will be paid by the state

Iran to open a trading house in Azerbaijan

Iran is to open a trade representative office in Azerbaijan

Azerbaijan’s sector with highest employee rate

The State Statistics Committee has presented a report on the statistics of employees as of 1 December 2020

Employee rate in nonoil sector exceeded 1.5 million people in 2020

The State Statistics Committee has published the number of employees as of 1 December 2020

Number of the unemployed unveiled in Azerbaijan

As of 1 January 2021 the quantity of economically active people in Azerbaijan amounted to 5.252 million people

Potato growing in Azerbaijan increased for 2020

Azerbaijan produced 1.037 million tons of potatoes for the past year.

Central Bank sold $67.4 million to banks at a currency auction

As a result of the auction, the weighted average exchange rate of the manat to the dollar was 1.70 AZN/$1

Azerbaijan plans construction of a textile factory

Discussions have begun with the Confederation of Entrepreneurs of Azerbaijan in connection with the opening of a textile factory in the country

United Airlines suffered losses in 2020

A number of large companies faced financial crisis because of the pandemic

WB forecasts economic growth by 1.9% and IMF by 2% in Azerbaijan

Economy Minister Mikayil Jabbarov gave an interview to Bloomberg and touched upon a number of important points

Economy Minister: AZN 2.2 bn financed for restoration of liberated territories this year

Azerbaijani Economy Minister Mikayil Jabbarov has given an interview to Bloomberg

Tractor manufacturing in Azerbaijan decreased by 67% for 2020

The State Statistics Committee has informed about the production of tractors in Azerbaijan for the past year