Economy


PROMISE: In 2020, the production capacity of wind energy in Azerbaijan will be increased to 350 MW, solar energy to 50 MW, and bioenergy to 20 MW.
Target indicators for alternative energy were included in the document "Strategic Roadmap for the Development...



Promise: By the end of 2020, the volume of exports per capita in the non-oil sector will reach 1,000 US dollars.
The Development Concept "Azerbaijan 2020: Look into the Future", approved by the Decree of the...



Has the minimum wage been increased to 60 percent of the average monthly wage?
"In order to ensure a decent standard of living for working citizens, depending on the...



How are bank deposits protected in the country?
On May 17, the Central Bank released information about the cancellation of the license of...



Azerbaijan's investments in foreign countries have not reached the level before the pandemic
The Central Bank announced the indicators of foreign direct investments attracted to the economy of...



Tahir Mirkishili: "Currently, one out of every eight people in Azerbaijan is an entrepreneur"
"Currently, there are more than 1.4 million taxpayers in Azerbaijan. This means that one out...



Has the COVID-19 pandemic not had a strong impact on the socio-economic development of Azerbaijan?
"The COVID-19 pandemic has not had a strong impact on the socio-economic development of Azerbaijan."...



Are the indicators given by Yeni Azərbaycan newspaper about Armenia true?
The economic indicators of Azerbaijan and Armenia were compared in the article entitled "The "side"...



MP: "Inflation is not higher than 10 percent"
"Wages have increased by 20 percent on average this year, and inflation is not higher...



50 percent of the banks' income fell to the banks owned by the President's family
The Central Bank announced the statistical indicators of the banking sector of Azerbaijan for...
