Azerbaijan Economy in the first quarter of 2012

Azerbaijan Economy in the first quarter of 2012 Decline wave in production sector keep on the first quarter of 2012 in spite of the fact that Government of Azerbaijan has been trying to attain expansion in above mentioned sector.  Considering keeping still high portion of oil sector in total GDP, decline in oil sector noticeably reduce economic growth rate in Azerbaijan. Oil sector is still dominant in both GDP and budget revenues based on the results... Read More

What was inflation rate for Azerbaijan in January, 2012?

What was inflation rate for Azerbaijan in January, 2012? In January 2012, inflation in Azerbaijan made up 0.1% against December 2011, according to figures from the State Statistical Committee. Thus, food prices rose by 0.1%, while prices nonfoods and services didn’t change- State Statistic Committee reported. Meanwhile, the CESD also concluded its price monitoring in 24 regions of Azerbaijan. According to CESD initial results, inflation rate in... Read More