68 new state standards adopted last year

Data unveiled on output produced in industrial zones of Azerbaijan

To date, products for more than AZN 8.8 bn have been manufactured in the industrial zones of Azerbaijan, and output for AZN 2.9 bn have been directed for export

IMF improves its forecast on global economic growth up to 2.9% in 2023

The IMF has improved its forecast on global GDP growth up to 2.9% in 2023 and worsened to 3.1% in 2024.

IMF worsens U.S. economic growth forecast for 2024

The IMF expects U.S.’ GDP to increase by 1.4% in 2023, and growth rates are projected at 1% in 2024.

IMF has improved forecast on Russia

The International Monetary Fund has revised its assessment of Russia's economic growth towards improvement and forecasts Russian GDP growth of 0.3% in 2023 and 2.1% in 2024.

What did WB reps discuss in this institution of Azerbaijan?

The State Service for Antimonopoly Control & Consumer Market Supervision under the Ministry of Economy held a meeting with the WB delegation on the topic "possible contribution to the infrastructure management assessment system (InfraGov)".

A new plant to start operating in Hajigabul

A plant for production of thermal insulation boards is expected to start operating in the Hajigabul industrial quarter from this May.

Tax benefits to be provided for these facilities

War has dealt a serious blow to economy of Ukraine

The UN stated that as a result of Russia's attack on Ukraine and the outbreak of war in 2022, 30% of the Ukrainian economy was lost.

Substantial growth of GDP recorded in some areas of nonoil-gas sector

Last year, compared with 2021, a significant increase in GDP was recorded in a range of areas of the nonoil-gas sector.