The revival of Karabakh and the integration of its rich natural resources into Azerbaijan’s economic system will give a serious impetus to the development of Azerbaijan's non-oil sector, Minister of Economy of Azerbaijan Mikayil Jabbarov wrote on his Facebook account, Trend reports.

Tax revenues to the state budget amounted to 7.4 billion manat ($4.3 billion) in Azerbaijan in 2020, Azerbaijani Minister of Economy Mikayil Jabbarov said on Jan. 18, Trend reports.

Significant growth in the performance of the construction sector in Azerbaijan is expected in 2021, Acting Director of the Research Institute of Economic Reforms under the Ministry of Economy Arzu Huseynova told Trend on Jan.13.

The State Property Service under the Azerbaijani Ministry of Economy will hold an auction on January 26, 2021, Trend reports referring to the ministry.

The State Tax Service under the Ministry of Economy of Azerbaijan has provided financial aid to 12,982 individual entrepreneurs, Trend reports on Dec.24 referring to the service.

The State Property Service under the Azerbaijani Ministry of Economy will hold an auction on January 19, 2021, Trend reports referring to the ministry.

On September 22, 2020, the State Tax Service under the Ministry of Economy of Azerbaijan registered a branch of a joint operating company for the project to develop the Karabakh field in the Azerbaijani sector of the Caspian Sea, Trend reports citing the service.

The State Service for Property Issues under the Azerbaijani Ministry of Economy has held an auction on property privatization, Trend reports citing the service.

Amendments were made to the Tax Code of Azerbaijan, and the existing system of benefits was revised in order to reduce the financial (tax) burden of the population at the expense of social benefits, Trend reports with reference to the State Tax Service under the Ministry of Economy of Azerbaijan.

The State Committee on Property Issues under the Azerbaijani Ministry of Economy held another auction on November 3, 2020, Trend reports citing the committee.