Tag: economy

Foreigners in Azerbaijan made transactions with bank cards worth $1 billion

Foreign citizens who visited Azerbaijan in January-October 2022 carried out transactions through bank cards in the amount of 1 billion 819.1 million manats ($1.07 billion)….

S&P expects slowdown in Azerbaijan’s GDP growth with gradual decline in oil prices

The international rating agency S&P Global Ratings predicts the average annual GDP growth in Azerbaijan for 2022-2025 at about 1.7%. The forecasts published on the…

Budget of Azerbaijan and oil revenues

As a result of 2016, revenues to the state budget of Azerbaijan from the oil sector amounted to 9 billion 225.1 million manats or 52.7%…


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