Web Desk

Web Desk September 17, 2021

Bread price may increase by 10 tetri (3.22 cents) from October in Georgia, said Malkhaz Dolidze, head of the Georgian Bread Bakers Association, Trend reports via Georgian media. He said unfavorable forecasts regarding the supply of wheat in the rural market and the reduction of stocks in Georgia may be reflected on the bread prices in a […]

Web Desk September 17, 2021

The ICT sector is the sector to which Russian business shows the greatest interest in the Azerbaijani market, Ruslan Mirsayapov, the trade representative of Russia in Azerbaijan, told Trend on Sept.17. Besides, according to Mirsayapov, companies from Russia are interested in establishing cooperation and opening the production of building materials in Azerbaijan, the possibility of increasing the […]

Web Desk September 17, 2021

The Board of the Central Bank of Azerbaijan (CBA) made a decision to increase the discount rate from 6.25 percent to 6.5 percent, Trend reports on Sept.17 referring to the CBA. The upper limit of the interest rate corridor has also been increased by 0.25 percentage points – from 6.75 to 7 percent, and the lower limit […]

Web Desk September 17, 2021

Annual inflation in Azerbaijan is expected to reach 7 – 7.5 percent this year, Trend reports, citing data from the Central Bank of Azerbaijan( CBA). The average annual inflation in the country is projected at 5.4–5.8 percent. Annual inflation in 2022 is expected to be in the range of 4-5 percent. “In September, the inflation […]

Web Desk September 17, 2021

Expectations for the restoration of Azerbaijan’s economic growth in 2021 are already being met in the non-oil sector of the economy, Trend reports, referring to the Central Bank of Azerbaijan (CBA). From January through August 2021, growth in the non-oil industry, which is the leading sector, amounted to 18.7 percent, and in agriculture – 5 […]

Web Desk September 17, 2021

As of September 1, the number of active taxpayers in Azerbaijan increased by 4.7 percent compared to the beginning of 2021 and amounted to 645,189 people, Trend reports via State Tax Service under the Ministry of Economy of Azerbaijan. During the reporting period, the number of active VAT payers increased by 11.8 percent and reached […]

Web Desk September 17, 2021

The World Bank (IBRD) has decided to completely stop publishing Doing Business reports. A press release published on August 27, 2020, stated that the publication of the report was postponed due to the falsification of results, Ayaz Museibov, the head of the department of the Center for Analysis of Economic Reforms and Communications of Azerbaijan […]

Web Desk September 17, 2021

The volume of Azerbaijan’s strategic foreign exchange reserves exceeded $53 billion from January through August 2021, Trend reports via the Central Bank of Azerbaijan. The growth is noticed at the level of 2.8 percent, or $2.4 billion, up to $53.2 billion. During the reporting period, the Central Bank’s reserves increased by 10.6 percent – up […]