Azerbaijan produces over 11bn cubic meters of gas

Azerbaijan produces over 11bn cubic meters of gas In January-August 2012, Azerbaijan produced 11,4bn cubic meters of marketable gas. Compared to the same period of last year, production of marketable natural gas has increased by 5.7%, according to the State Statistical Committee. In 2011, Azerbaijan produced 25,7bn cubic meters of gas. According to government forecasts, in 2012 the country is expected to produce 28,28bn cubic meters of natural gas.  Read More

UK remains the biggest investor in Azerbaijan

UK remains the biggest investor in Azerbaijan 398 million manat foreign direct investments was invested in Azerbaijan in the first 2 months of 2012. According to the State Statistical Committee, United Kingdom is the biggest foreign investor in Azerbaijan with 177 million manat investment which is 39.6% of all foreign investments. The United States is second with investments at 68 million manat. The group of big investors also included ,Norway-... Read More

What was inflation rate for Azerbaijan in January, 2012?

What was inflation rate for Azerbaijan in January, 2012? In January 2012, inflation in Azerbaijan made up 0.1% against December 2011, according to figures from the State Statistical Committee. Thus, food prices rose by 0.1%, while prices nonfoods and services didn’t change- State Statistic Committee reported. Meanwhile, the CESD also concluded its price monitoring in 24 regions of Azerbaijan. According to CESD initial results, inflation rate in... 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