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

State Budget of Azerbaijan for 2012 Approved

State Budget of Azerbaijan for 2012 Approved Azerbaijani President Ilham Aliyev signed the law on “State Budget of the Republic of Azerbaijan for 2012” and the decree on the application of this law. Law and order shall come into force on January 1, 2012. Note that, budget revenues approved in the amount of AZN 16,44 billion($ 21,07 billion), expenses – AZN 17,07 billion ($ 21,88 billion) including centralized income – AZN  15 938 610 .5... Read More

« Previous Page