Government of Azerbaijan adjusted GDP Growth Rate to 2,5 % for 2012

Government of Azerbaijan adjusted GDP Growth Rate to 2,5 % for 2012 Government of Azerbaijan (GoA) has adjusted its previous official forecast of 5.7 % GDP growth in 2012 to 2.5 % right away after CESD announced its survey results on Monday this week. The report came from Cabinet Ministers of Azerbaijan Republic on September, 26, 2012. In fact, GoA adjustment was based on CESD survey findings announced couple days ago. Hence, GoA failed to achieve... 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

Azerbaijan Economy in the first eleven months of 2011

Azerbaijan Economy in the first eleven months of 2011 The State Statistic Committee reported that Gross Domestic Product  (GDP) increased 0,2 % in last eleven months of 2011 and reached to 45.5 billion manat ($ 58,3 billion). 54.9 % of value added produced in industry, 7.8 % – construction complex, 5.6% – agriculture, hunting and forestry, 5.2 % – transport, 7.9 % – trade and paid services, 1.7 % – communication, 11.0%... Read More

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