Inflation Rate in January: Government Reports 0,6 %, CESD Survey Concluded 1,4 %

Inflation Rate in January: Government Reports 0,6 %, CESD Survey Concluded 1,4 % Inflation rate was 0,6 % in Azerbaijan in January, 2013- reported State Statistic Committee. The committee reported that prices of non-food products increased by 0.1%, prices and service tariffs of consumer goods increased by 1.2 % in January, 2013 compared to previous month. The committee added that price for services for air passenger transport on international flights... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More