Revenues to the state budget for income tax from oil and gas companies operating in Azerbaijan under PSA (Production Sharing Agreement) contracts are projected at 750 million manats ($441 million) in 2020, which is 15.4 percent less than the forecast for 2019.

Increasing the share of renewable energy sources in electricity production to 30 percent by 2030 is one of the tasks set by the Azerbaijani Ministry of Energy.

The Central Bank of Azerbaijan (CBA) will hold another deposit auction on Oct. 21, Trend reports referring to CBA.

A representative delegation consisting of the heads of leading companies of Western Switzerland, mainly from the French-speaking cantons, will be on a visit in Azerbaijan on October 20-22, Trend reports on Oct. 18 referring to the Azerbaijani embassy in Switzerland.

Gold price increased in Azerbaijan on Oct. 18 compared to the previous prices, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

Azerbaijan ranks third in the amount of direct investments made in Turkey, Trend reports on Oct. 12 referring to the report of the Central Bank of Turkey.

Uzbekistan is interested in increasing cargo transportation via Baku-Tbilisi-Kars railway (BTK).

Having a favorable geographical position, Azerbaijan is a major participant of the Trans-Caspian International Transport Route (TITR).

The Azerbaijani state has spent 633.22 million manats ($372.59 million) to pay its citizens’ debts which increased in value due to the devaluation of the state currency, the manat in 2015.

Azerbaijan has promising potential in the field of renewable energy sources, Carolyn Gilbert, Assistant General Counsel at BP Azerbaijan said during the Caspian Technical Conference held in Baku on October 16-18, Trend reports.

Over the next year, the Unemployment Insurance Fund is planning to finance the participation of 11,000 families in self-employment projects, Azerbaijani Minister of Labor and Social Protection Sahil Babayev told local media.

Iranian companies can benefit from opportunities provided by the Azerbaijani government for startups.

Azerbaijan's Foreign Minister Elmar Mammadyarov has said that it’s important to complete the Trans-Adriatic Pipeline (TAP) – a key component of the Southern Gas Corridor - on an agreed schedule, local media reported citing the ministry.

Ministry of Economy continues to provide entrepreneurs operating in the regions with financial support to stimulate entrepreneurship across the country.

Azerbaijan will deliver to Russia ten Khazar SD cars produced by the joint Azerbaijani-Iranian car production plant in Neftchala Industrial Zone, Trend reported, citing Azerbaijani Ambassador to Iran.

By strengthening its power system, Azerbaijan aims not only to meet the growing demand in local scale, but also to ensure energy security of neighboring countries.

Azerbaijan is becoming the biggest transit, logistics and important transport hub in the region due to its active involvement in a number of large regional transport projects and the development of the country’s transport sector.

Azerbaijan Deposit Insurance Fund (ADIF) has announced the repayment of unprotected deposits of up to 17,000 manat ($10,000) in more than 10 liquidated banks, Trend reports referring to ADIF.

With the cooperation of “Azercell Telecom” LLC, Azerbaijan Medical University, the Public Health and Reforms Center of the Ministry of Health, World Health Organization, “Reliable Future Social Initiatives” Public Union and participation of the representatives of relevant government agencies, a conference “Mental Health: medical and community based approaches to prevention of suicides ” took place at “Four Seasons” Hotel, on October 15.

Russia is among Azerbaijan’s main foreign trade partners and ranks first in terms of export of non-oil products from the country.

Baku Stock Exchange (BSE) held an auction for placement of the notes of the Central Bank of Azerbaijan (CBA) worth 170 million manat, Trend reports referring to BSE.

Gold and palladium prices have increased in Azerbaijan on Oct. 17 compared to the previous prices, Trend reports referring to data published by the Central Bank of Azerbaijan (CBA).

The Agency for Development of Small and Medium-sized Enterprises (SMEs) launched new Friend of SMEs and a greenhouse farm in Shamkir region on October 16.

International Monetary Fund (IMF) forecasts GDP growth in Azerbaijan at 2.7 percent in 2019.

Serious steps are being taken for the further improvement of the innovations and startups in Azerbaijan.