Did foreign trade turnover exceed GDP in Azerbaijan?

Did foreign trade turnover exceed GDP in Azerbaijan? CESD confirms that Official State Statistics Committee Figures Contradict Reality According to Khalid Mikayilov , an economic expert at the Center for Economic and Social Development (CESD), the State Statistics Committee’s data on foreign trade turnover contradicts that of the Central Bank of Azerbaijan and belies economic reality. Basic economic principles and real-world experience demonstrate... 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