Macroeconomy - 2023
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In January-November 2023, the gross domestic product (GDP) of Azerbaijan increased by 0.8% compared to the same period in 2022, and amounted to 110.21 billion manats, while 68.56 billion manats were...
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Following the results of the November expert mission regarding the review of Article IV of cooperation between Azerbaijan and the IMF, the International Monetary Fund (IMF) published an extensive stat...
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Last year, after the outbreak of the war in Ukraine, a rather serious excitement began in the Caspian Sea, South Caucasus and Central Asia region due to expectations of a "large transit". And, indeed,...
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In January-October 2023, the gross domestic product (GDP) of Azerbaijan showed a modest growth by 0.5% compared to the same period in 2022 and amounted to 100.88 billion manats, while 62.69 billion m...
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The International Monetary Fund (IMF) has published another forecast for regional economic development, in which in relation to Azerbaijan (includes The stabilization of economic processes has been n...
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On September 21, the Ministry of Finance of Azerbaijan published forecasts of the country's socio-economic development for 2024 and for the period 2025-27, as well as the draft state budget for 2024,....
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The Milli Majlis received a draft Competition Code. The project consists of 12 chapters, 83 articles.According to the statement of the Milli Majlis, with the adoption of the Code, the laws "On Antimon...
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The authoritative international rating agency Fitch Ratings has confirmed the long-term issuer default rating (IDR) of Azerbaijan in foreign currency at the level of "BB+" with a "Positive" outlook, a...
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Azerbaijani President Ilham Aliyev has approved amendments to the public debt management strategy for the period 2022-2025, signaling a potential increase in borrowing. The updated strategy now aims t...
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On June 5, President Ilham Aliyev signed an order approving the "State Program of Socio-economic development of the Nakhchivan Autonomous Republic for 2023-2027". The decree states that the document w...
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The international rating agency S&P Global Ratings has not changed its assessment of Azerbaijan's development, confirming on June 9 the long-term and short-term credit ratings of Azerbaijan on obligat...
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The mutual understanding reached between “Trendyol” and PASHA Holdinq aroused considerable interest and discussion. These two structures signed an agreement on joint activities in Azerbaijan within th...
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The 2022 is over. But what else will we see if we look at the economy of Azerbaijan in the retrospective of the year?Economist Farid Mehralizadeh answers ASTNA questions regarding the state of the Aze...