Zayam Technologies Park ended 1st half of 2024 with loss of 509,000 manats

Zayam Technologies Park OJSC finished the 1st half of 2024 with loss of 509,000 manats.

Azerbaijan-Belarus documents signed on cooperation in field of agriculture 

Share of non-governmental sector in capital's industry exceeds 82%

Over the past 8 months of this year, the volume of goods produced and services rendered in the capital's industry amounted to 35.4 billion manats.

Jabbarov: In 2011-2023, average annual economic growth rate in country was 1.5%

According to macroeconomic indicators, in 2011-2023, average annual economic growth rate in the country was 1.5%, including 4.4% in the non-oil/gas sector.

In 8 months, profit of large industrial enterprises in China grew by 0.5%

The total profit of large industrial companies in China for Jan-Aug increased by 0.5% compared with the 2023 same term - to 4.653 trillion yuans ($664 billion)

President: Our main goal is to enhance the sustainable development model

Our primary goal is to further diversify our economy and enhance the sustainable development model

Azerbaijan reduces its external debt - Ilham Aliyev

A meeting on economic issues has been held under the leadership of President Ilham Aliyev.

President: The economic development has been at the expected level since beginning of the year

The economic development has been at the expected level since the beginning of the year

EBRD raises forecast of economic growth in Azerbaijan

The European Bank for Reconstruction & Development (EBRD) has raised its forecast for Azerbaijan's GDP growth in 2024 to 3.8% from 3.1% in May

Abolition of double taxation with Slovakia may come into force in 2025

The agreement on the abolition of double taxation between Azerbaijan and Slovakia is likely to enter into force on January 1, 2025

ADB raises forecast on Azerbaijan's GDP growth

The Asian Development Bank (ADB) has raised the forecast of economic growth in Azerbaijan for 2024 up to 2.7% - by 1.5 percentage points compared with the April report.

Azerbaijan and China discussed joint activities in various fields

The sides exchanged views on investments in Azerbaijan by Chinese companies and the development of cooperation in various fields.

Level of UK public debt reaches 100% of GDP

The level of the public sector debt in the UK, according to preliminary estimates, reached 100% of the country's GDP in August.

Azerbaijan to impose a new type of tax

Azerbaijan is considering the introduction of a carbon tax.

Iran's economic growth has halved

Iran's economic growth has almost halved compared with 2023.

Azerbaijan-Iraq trade turnover has grown by 49% in 7 months

About 170 Iraqi companies are working in various industries in Azerbaijan, ABC.AZ reports, quoting Azerbaijani Economy Minister Mikayil Jabbarov during the Azerbaijani-Iraqi business forum in Baku.

Goldman Sachs and Citigroup lowered their forecasts for China's economic growth

Goldman Sachs and Citigroup lowered their forecasts for China's economic growth for the full year up to 4.7%, after industrial production in the world's second largest economy slowed to a five-month low in August.

In Russia, video cards for mining become a popular subject for collateral

Russians have become more likely to pawn video cards for mining cryptocurrencies secured by loans

Azerbaijan increased production of metallurgical industry products

The metallurgical industry and the manufacture of finished metal products in the country made output for 887.4 million manats for Jan-Aug 2024.

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

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.