Investors' profit on SOCAR bonds exceeds $12 million

The State Oil Company of Azerbaijan (SOCAR) has made the 11th coupon payment on new bonds, ABC.AZ reports, referring to SOCAR Capital.

Rules of access to information in tax authority endorsed – A new decision

The Cabinet Ministers has approved the "Rules for granting taxpayers access to information from other taxpayers contained in the tax authority".

Production of copper wire in Azerbaijan has increased 4 times

Over past 6 weeks, Nvidia has lost $750 billion in capitalization

American computer chip company Nvidia has already lost $750 billion in market value over the past six weeks.

Meta to pay $1.4 billion to the state of Texas

The authorities of the state of Texas (USA) announced an agreement with Meta, under which it will pay $1.4 billion to the state to settle a lawsuit filed against the company in February 2022.

Microsoft's quarterly profit grew by 10%

In the 4th quarter of fiscal year 2024, Microsoft Corp. increased its net profit by 10%, revenue by 15%, while both indicators turned out to be better than expectations of analysts who, however, were disappointed with the results of Azure cloud service.

Turkish company Asilsoy becomes a resident of Aghdam Industrial Park

Asilsoy LLC with Turkish capital was granted the status of a resident of the Aghdam Industrial Park, and thus, the number of its residents has reached 27.

Fitch’s forecast on Central Bank of Azerbaijan

We do not expect that the Central Bank of Azerbaijan (CBA) will reduce the additional discount rate

The plant in Dashkesan launched in full mode

The sorption leaching plant of AzerGold CJSC, built at the Chovdar Integrated Regional Processing Area, located in Dashkesan district, has been brought to full capacity, ABC.AZ reports, referring to the Ministry of Economy.

Minister got acquainted with activity of AzerBlast plant

Together with Zakir Ibrahimov, Chairman of the Board of Directors of AzerGold, and colleagues, we visited the Industrial Explosives Manufacturing Plant of AzerBlast LLC in Ganja.

Large industrial enterprises in China increased profits by 3.5%

The profit of large industrial enterprises in China grew by 3.5% year-on-year for Jan-Jun, exceeding 3.5 trillion yuans (more than $492 billion), ABC.AZ reports, referring to the Chinese State Statistical Office.

Toyota to build a new battery factory

Toyota plans to build a battery manufacturing plant to reduce the cost of its own models and keep up with BYD and other new Chinese electric vehicle manufacturers.

Loan portfolio of NAR Entrepreneurship Development Fund is 52.5 million manats

The loan portfolio of the Entrepreneurship Development Fund of the Nakhchivan Autonomous Republic totals 52.5 million manats.

Industrial production in Russia has grown

Industrial production in Russia increased in the 1st half of the year against the 2023 same term.

Number of residents of Pirallakhi Industrial Park reaches 7

Falck LLC has been awarded the status of a resident of the Pirallakhinsky Industrial Park.

New head of Nakhchivan Tax Service appointed

Products for 13.5 billion manats sold from industrial zones

By July 1, 2024, products for 13.5 billion manats were sold in Azerbaijan from industrial zones, some of which were exported for 4.4 billion manats

Azerbaijan’s economy minister discussed issues of economic cooperation in Italy

Azerbaijan's Economy Minister Mikayil Jabbarov has embarked on a working trip to Italy.

IMF raises Türkiye's GDP growth forecast

The International Monetary Fund (IMF) has raised its forecast for Türkiye's GDP growth in 2024 up to 3.6%.

ADB revises economic growth forecast for Caucasus and Central Asia upwards

Gabala industrial output for 8.6 million manats exported

Over Jan-Jun 2024, industrial enterprises of Gabala district, as well as individual entrepreneurs and households produced output in actual prices in the amount of 75.46 million manats.