Shorouk Express BAKU, Azerbaijan, December 6. Azerbaijan Railways CJSC has completed the design phase for the reconstruction and modernization of the railway infrastructure in the Nakhchivan Autonomous Republic, with construction now underway in the Ordubad district near the border with Armenia, Trend reports via the company. The project rolls out a railway line stretching over…
Shorouk Express Economy Materials 6 October 2025 21:53 (UTC +04:00) Photo: State Tax Service under the Ministry of Economy of the Republic of Azerbaijan As of October 1, 2025, the number of active taxpayers in Nakhchivan reached 21,969, up by 6.9% from 20,552 a year earlier. Active VAT payers rose by 12.8%, from…
Shorouk Express AGHDAM, Azerbaijan, August 30. We have awaited this day and this moment for decades, and after 32 years, our long-held wish has finally been fulfilled, said Nijat Guliyev, Deputy Chairman of Azerbaijan Railways CJSC, Trend reports. Guliyev emphasized that Azerbaijan owes its presence at the site to the nation’s victorious Commander-in-Chief Ilham Aliyev,…
Shorouk Express BAKU, Azerbaijan, July 30. Infrastructure work is scheduled to begin soon at the newly established Nakhchivan Industrial Park, Elchin Kazimov, spokesperson for the Economic Zones Development Agency (EZDA) under the Ministry of Economy of Azerbaijan, said in an interview with Trend. The official also outlined the planned activities for the industrial park. “By…
Shorouk Express Economy Materials 9 July 2025 19:52 (UTC +04:00) In the first half of 2025, nearly 115.8 million manat ($68 million) in taxes was collected in Nakhchivan. This represents a 19.2 percent increase ($11 million) over the same period last year. The non-state sector accounted for 67.3 percent of the total, contributing…
Shorouk Express Economy Materials 13 May 2025 06:16 (UTC +04:00) Revenues collected by the Nakhchivan State Tax Service and deposited into the Azerbaijani budget surpassed 77.3 million manat ($45.47 million) between January and April. The previous year’s total was 14.5 million manat ($8.47 million), so this is a 22.8 percent rise. The public…
Shorouk Express BAKU, Azerbaijan, January 12. The solar power plant (SPP) in Azerbaijan’s Nakhchivan Autonomous Republic produced over 32,000 kilowatt-hours of electricity in 2024, the Nakhchivan State Energy Service told Trend. In an exclusive statement to the agency, the service noted that the SPP is expected to produce a total of 33 million kilowatt-hours of…
Shorouk Express BAKU, Azerbaijan, January 10. The Entrepreneurship Development Fund in Azerbaijan’s Nakhchivan Autonomous Republic allocated preferential loans totaling over 4.2 million manat ($2.4 million) to finance 38 projects in 2024, Trend reports via the Ministry of Economy of the Nakhchivan. The Ministry indicated that a substantial 73 percent of the financial allocations were earmarked…
Shorouk Express BAKU, Azerbaijan, January 9. A sum of 538.1 thousand manats was paid to the budget of Nakhchivan Autonomous Republic last year from leasing out state property. The data obtained by Trend from the Ministry of Economy shows that this represents a remarkable increase of 87.6 percent compared to the prior year. To note,…
