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Funds spent on sphere of information & communication made public

16:16 - 28.03.2023

March 28, Fineko/abc.az. Over Jan-Feb 2023, 3% of the total funds directed for fixed assets were allocated for information and communication services, ABC.AZ reports with reference to the State Statistics Committee.

Of the funds directed for fixed assets, AZN 65.4 million accounted for the sphere of information & communications, including AZN 62.6 million for communications.

News

New appointments at Kapital Bank
Garib Akhadov has been appointed the new director of Kapital Bank’s Business Loan Underwriting Department.

31 May 2023

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Decree: To attention of those who wish to enlist in customs authorities
Amendments have been made to the Procedure for holding a competition in connection with admission to the customs service, approved by Presidential Decree #349 from November 12, 2010.

31 May 2023

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Azerbaijan increased exports of alcoholic and non-alcoholic beverages
The export of alcoholic and non-alcoholic beverages increased 6.4-fold and sugar by 37.6% for Jan-Apr 2023, ABC.AZ reports with reference to the May issue of the Export Review.

31 May 2023

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Foreigners’ bank card transactions for Jan-Apr
Foreigners carried out bank card transactions in Azerbaijan for AZN 677.9 million for Jan-Apr 2023.

31 May 2023

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Azerbaijan's total exports for Jan-Apr
Azerbaijan's total exports reached $12.6 bn, and exports in the non-oil sector - $1.2 bn for Jan-Apr 2023.

31 May 2023

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Azerbaijan exported most of all products to these countries for Jan-Apr
This April’s non-oil exports amounted to $275 million. In April 2023, exports of food products reached $66.3 million and non-food products - $208.7 million.

31 May 2023

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List of state companies of Azerbaijan with the largest exports
The May issue of the Export Review has been published.

31 May 2023

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A group of employees of "Azerlotereya" OJSC marched to "Heydar Peak".

31 May 2023

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List of private companies with most exports for Jan-Apr
The Center for Analysis of Economic Reforms & Communications (CAERC) has published the May issue of the Export Review.

31 May 2023

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Azerkosmos exported services for $1.6 million to 41 countries in April
Over Jan-Apr 2023, space agency Azerkosmos exported satellite telecommunications services for $6.2 million to 42 countries of the world.

31 May 2023

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Ilham Aliyev: We’ll be able to transport at least 4 gigawatts of green energy to Europe

31 May 2023

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Southern Gas Corridor is important tool for ensuring energy security
The Southern Gas Corridor is our joint historic achievement in the form of an integrated pipeline system with length of 3,500 km, which is an important tool for ensuring energy security and energy diversification.

31 May 2023

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CBA chairman meets with insurance agents
A meeting with current insurance agents has been held at the Central Bank of Azerbaijan (CBA).

31 May 2023

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Cars to become cheaper in Azerbaijan
The sale of automobiles manufactured in Azerbaijan is exempt from VAT from May 1, 2023 for the 10-year period.

31 May 2023

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A foreign specialist transferred to work in a state agency
The Agency for Innovations & Digital Development has hired an international specialist: Lukas Tsitsis has been appointed to a senior position for international business development.

31 May 2023

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Economic activity costs increase by 36%
The State Budget 2023 financing related to economic activity will be increased by AZN 2.51 bn or 36.4% from AZN 6.89 bn to AZN 9.4 bn.

31 May 2023

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Spending on culture and sports to be reduced

31 May 2023

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Expert: In Azerbaijan, the State provides support to large banks
Many large banks in Azerbaijan have government deposits. If the State withdraws its deposits from these banks, the financial situation there will not be the best.

31 May 2023

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Housing and communal services costs decrease in Azerbaijan
The State Budget 2023 financing for housing and communal services has been reduced by AZN 2.7 million or 0.8% from AZN 350.68 million to AZN 347.98 million.

31 May 2023

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AccessBank disclosed its audit report for 2022

31 May 2023

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Accounts payable of company managing Rahat supermarket increased by 39.9%
ANC Group LLC, which includes Rahat supermarket chain and Port Baku Bazar Market, has published financial statements for 2022.

31 May 2023

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List of global giants with market capitalization of $1 trillion
There are many companies in the world that differ in their solutions, but also attract attention by increasing their share.

31 May 2023

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MP: Money allocated from the budget to eliminate unemployment is meaningless
The money allocated from the budget to eliminate unemployment is meaningless. It is necessary to develop entrepreneurship in order to eliminate unemployment.

31 May 2023

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Azerbaijan cuts education costs
State Budget transfers for education in 2023 have been reduced by AZN 15.939 million, or 0.4%, from AZN 4.42 bn to AZN 4.407 bn.

31 May 2023

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Retail sales in Japan for April did not meet their forecasts
In April, it became known that Japan's retail sales did not meet forecasts.

31 May 2023

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President Ilham Aliyev received Assistant US Secretary of State for Energy Resources
President Ilham Aliyev has received Assistant US Secretary of State for Energy Resources Geoffrey Pyatt.

31 May 2023

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Minister: Such companies as Bolt, Uber, Yango create negative situations

31 May 2023

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Healthcare costs to be reduced in Azerbaijan

31 May 2023

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Azerbaijan expects to begin gas supplies to Hungary and Serbia by end of year
By the end of the year, Azerbaijan will be able to supply gas to Hungary and Serbia, Azerbaijani President Ilham Aliyev said at the official opening ceremony of the 28th International Caspian Oil&Gas Exhibition (Caspian Oil & Gas) within the Baku Energy Week.

31 May 2023

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Megastore declares profit of 3,939 manats, although sales income reached AZN 20.558 million
BM-Market LLC, which manages the Megastore supermarket chain, has released financial indicators for 2022.

31 May 2023

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Bolmart has published a report - It earned only AZN 27,400 for one year
ProMart LLC, owned by well-known retail chain Bolmart, has published an annual report.

31 May 2023

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Cost of Twitter drops by two-thirds since Musk bought it
he current value of Twitter is estimated to be two-thirds lower than the price at which it was acquired in October 2022 by Elon Musk, who also owns Tesla and SpaceX

31 May 2023

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State Budget transfers relating to national services increase - A new document
Azerbaijan State Budget transfers for 2023 in connection with national services will increase by AZN 316.25 million or by 8.3% from AZN 3.808 bn to AZN 4.124 bn.

31 May 2023

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Opening of one more exhibition held in Baku – Ilham Aliyev delivered speech at the ceremony

31 May 2023

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Subsidized loans for AZN 146 million given to entrepreneurs in 2022
The Entrepreneurship Development Fund gave a soft loan for 2,726 projects in 2022

31 May 2023

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Presidential Reserve Fund reduced
Azerbaijan State Budget transfers to reserve funds for 2023 are reduced by AZN 190.5 million or 31.2% from AZN 610 million to AZN 419.5 million.

31 May 2023

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Central Bank currency rates for 31 May
Azerbaijani manat rate has grown to the euro, to the Turkish lira and to the Russian ruble, while is stable to the US dollar.

31 May 2023

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Oil price goes down, and Brent is at $73.54 a barrel
Prices for oil of benchmark grades keep on falling at Wednesday's auction after a sharp drop the day before.

31 May 2023

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VAT revenue forecast increased by 18.4% in Azerbaijan
AZN 7.15 bn of revenues of the revised State Budget of Azerbaijan for 2023 will account for the share of income from VAT.

30 May 2023

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Azerbaijan increases forecast on customs duties by 8%
In 2023, revenue from customs duties will account for AZN 1.456 million of revenue from the revised State Budget of Azerbaijan.

30 May 2023

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Forecast on state duty increases by 10% in Azerbaijan
In the revised State Budget of Azerbaijan for 2023, AZN 300 million of revenue will come from state duty receipts.

30 May 2023

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Cost of Twitter drops by two-thirds since Musk bought it
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Azerbaijan and Israel sign cooperation plan in health and medical sciences
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