New products to be produced in this industrial park

Residents of the Pirallakh Industrial Park in Azerbaijan plan to expand production of medicines, dietary supplements and components for medicines

Many foreign companies sharply reduce investments in China

Many large American, European and Japanese companies are actively reducing their investments in China or limiting new projects

Authorized capital of STP increased up to 700 million manats

The authorized capital of Sumgayit Technology Park (STP) LLC has been increased for the fourth time this year up to 700 million manats.

Azerbaijan and EBRD discuss projects within cooperation

Economy Minister Mikayil Jabbarov held a meeting with EBRD new executive director for Türkiye & the South Caucasus, Elizabeth Falchetti, and wished her success in her work, ABC.AZ reports, referring to the Ministry of Economy.

Azerbaijan's GDP grew by 4.3% in 8 months

Our country produced GDP of 80.96 million manats for Jan-Aug 2024, or 4.3% more versus Jan-Aug 2023.

Fitch has raised its forecast on global economic growth this year up to 2.7%

Fitch Ratings has raised its forecast on global economic growth this year up to 2.7% (0.1 percentage points more than the June forecast).

ING Group forecasts economic growth in Azerbaijan for next year

The Netherlands-based ING Group has released its latest economic growth projections for Azerbaijan, forecasting a growth rate of 3.5% in 2024, 2.6% in 2025, and 2.8% in 2026.

Azerbaijan to use large language models

Azerbaijan is preparing to introduce large language models.

China increased exports and imports in August – Figures

Work underway to determine scope of application of environmental and ‘green’ taxes

In Azerbaijan, in order to combat climate change and expand the use of "green" technologies, work is underway to determine the scope of application of environmental and "green" taxes

Minister outlined issues that should be addressed so that SMEs contribute to ‘green’ economy

Ensuring energy efficiency is a key factor through which small and medium-sized businesses (SMEs) in Azerbaijan will be able to contribute to the development of a "green" economy.

Inflation in China in August accelerated up to 0.6% - the highest since February

In August, consumer prices (CPI) in China increased by 0.6% year-on-year, the fastest pace since February, ABC.AZ reports, referring to the State Statistical Office of the People's Republic of China.

Copper prices declined

Copper prices fell on Monday after weaker-than-expected U.S. employment data heightened concerns about the health of the world's largest economy.

President Ilham Aliyev: If our involvement is needed, we are ready to participate in the resolution of the conflict between Russia and Ukraine

President Ilham Aliyev has not ruled out the possibility of Azerbaijan's participation in the resolution of the conflict between Russia and Ukraine

Data published on orders of manufacturing sector in Germany

WB has updated forecast on economic growth of Azerbaijan

Cabinet Ministers made a decision on overpayment to budget

Azerbaijan sees sixfold increase in state standards application

Azerbaijan saw a sixfold increase in the application of state standards in 2023 compared to 2020, as reported by Mammad Abbasbayli, head of the State Service for Antimonopoly Control and Consumer Market Supervision, on his social media account.

Azerbaijan's aluminum production soars by 56.8%

In January-July 2024, the production of aluminum products in Azerbaijan increased by 56.8% compared to the same period last year, reaching 35,563,300 tons.

UAE halts massive 10 billion euro fighter jet deal with France

Drilling works is started at Tutkhun area

The second stage of geological research – preliminary exploration is started by AzerGold Closed Joint Stock Company in the area of Tutkhun gold deposit located in Kalbajar district