Macroeconomy - 2018

Following 2018, average annual inflation in Azerbaijan slowed to 2.3% from 12.9% in 2017, and in 2019 the Central Bank (CBA) plans to keep it at 4% (plus or minus 2%), announcing the upcoming inflatio...

1. A new composition of the Cabinet of Ministers approved after the Presidential election2. The Baku International Marine Trade Port Complex launched3. TANAP gas pipeline officially opened in the Turk...

December was marked by several decisions that will delight the citizens of Azerbaijan and its guests: in 2019 passenger transportation will begin on the Baku-Tbilisi-Kars railway route (BTK), continui...

The present-day information society is notable for revision of earlier established priorities of economic development of the country. Also, this society is engaged in specifying new principles of mutu...

Azerbaijan is creating the country's first cluster formed around SOCAR Polymer and the Sumgait Chemical Industrial Park (SCIP), and there is already a methodology for assessing its effectiveness, a go...

Since 2004, the World Bank has carried out an annual worldwide project of business regulation reform, called Doing Business and from now on Azerbaijan has regularly been mentioned in these studies. It...

The priority policy in the communication sector management in Azerbaijan should be driven together with safeguarding of all services against external factor and based on sector�s real conditions in ke...

I​n an effort to reshape and strengthen the country's governing system and capabilities while maintaining a power balance among different clans, the Aliyev government has established 10 new state agen...

Azerbaijan"s state budget revenues for 2019 are projected at 22.9175 billion manat, which is only 3.5% more than the 2018 state budget specified in June, but in reality due to high world oil prices in...

After two devaluations in 2015, the economy of Azerbaijan is in a state of stagnation with insignificant elements of growth, which was affected by the increase in the oil prices in the world market. O...

Azerbaijan's non-oil export increased by 19.3% in January-April 2018, Deputy Economy Minister Rufat Mammadov said."Growth in the export of agricultural products was 12.9%, and in industry it was 23.6%...

Forty-eight countries published the statistics of trade relations for 2017, among which almost all are major trading partners of Azerbaijan. For the first time, "mirror statistics" on the export of go...

Longtime friends from Germany after a week's rest in Baku, shopping, going to restaurants and getting acquainted with the sights of the capital, a one-day trip to the Shahdag tourist base, got bored a...

Soon the State Customs Committee and the Ministry of Taxes will most likely unite in the structure of a single fiscal body, where the SCC will be represented as a department, which in itself is justif...

In 2017, Azerbaijan's foreign trade turnover totaled $ 24.2 billion, while foreign trade generated a surplus of $ 6.1 billion, the Central Bank said.Over the past year, 15% of the volume of foreign tr...

The official data underlying the food security claims is overestimated, as local production does not provide domestic demand at the proper level for the most important positions of the food basket of...