Posted by Administrator on September 17, 2012 · Leave a Comment
Dramatic Decreasing in Azerbaijan Industry
Industrial production fall 3,3 % and oil sector down 5,4 %
23.0 billion manat products were produced in industrial sector of Azerbaijan in the first 8 months of 2012. Industrial production decreased by 3,3 % in this period compare the same stage in 2011.
Meanwhile, the State Statistical Committee reports that production in non-oil sector grew by 7.9%, while production in oil sector dropped 5.4%. GDP increased... Read More
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Posted by Administrator on June 15, 2012 · 1 Comment
World Bank has lowered the forecast GDP Growth in Azerbaijan
World Bank (WB), published a Global Economy Prospects Report. The Bank forecasts Azerbaijan’s GDP Growth by 3.1% in 2012, 3.5% in 2012, and 4.5 % in 2014. At the same time a surplus current account in Azerbaijan this year will be as expected in the WB, 24.9% of GDP next year – 21.6%, and in 2014 – only 18%.
Vugar Bayramov, the chairman of the Center for Social and Economic... Read More
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Posted by Administrator on March 21, 2012 · Leave a Comment
Azerbaijan Economy Since Independence; Independent View
Azerbaijan Economy Since Independence; Independent View
The CESD report analyzes Azerbaijan Economy since independence which has been through economic crisis, stability, and rapid development. All these steps taken toward development have been remembered ever since for both their uniqueness as well as their conformity to economic realities: firstly, the recession (1992-1995) recovery (1996-1997),... Read More
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Posted by Administrator on January 11, 2012 · Leave a Comment
IMF Adjusted its Economic Growth Forecast for Azerbaijan
The International Monetary Fund (IMF) has adjusted its forecast for GDP Growth in Azerbaijan from 7, 1 %, to 5,7 %. It should be reminded here that IMF has early projected Azerbaijan’s economic growth at 7.1 percent in 2012 and at 2.3 percent in 2016. The IMF said the forecast is based on the fact the country`s 2012 budget is based on an average oil price of $80 per barrel, while an average... Read More
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