The World Bank Adjusted GDP Grow Forecast for Azerbaijan

The World Bank Adjusted GDP Growth Forecast for Azerbaijan The World Bank  (WB) also adjusted its forecast for GDP Growth in Azerbaijan in 2012, The Bank’s projection decreased from 6,1 % to 3.1%  according to  WB Global Economic Prospects Report.  Last week, International Monetary Fund (IMF) adjusted its economic growth for Azerbaijan from 7.2 % to 5.7 %. IMF’s newest explanation on modification was bottom on decreasing of oil production. According to the forecast of... Read More

Azerbaijan state budget revenues were $ 20,1 billion

Azerbaijan state budget revenues were $ 20,1 billion In 2011, revenues of the state budget increased by 37.7% and made up AZN 15.7 billion (($ 20, 1 billion) while the expenditures increased by 30.8% and totaled AZN15.4billion. The state budget was realized proficiently. The statement came from Economic Development Minister Shahin Mustafayev as the meeting of the Cabinet of Ministers on socio-economic development results in 2011 and tasks defined for 2012, chaired by President... Read More