Azerbaijan and EXPO 2025
An ambitious project to ensure a better future
Azerbaijani economy
page 8
EBRD predicts Azerbaijan’s economic growth
Azerbaijan’s GDP is projected to rise by 2% in 2018, according to the Transition Report of the European Bank for Reconstruction and Development (EBRD). The EBRD also expects the country’s GDP to drop by 0.5% in 2017. …
Azerbaijan's Central Bank keeps discount rate unchanged
Management Board of Central Bank of Azerbaijan decided to keep other parameters of interest corridor (the discount rate at 15%, lower limit of corridor at 10%, upper limit – 18%) unchanged. Underlining 13.7%-inflation in the ten …
EBRD: Azerbaijan’s economy to grow in 2018
Azerbaijan’s economy to grow 2% in 2018, the European Bank for Reconstruction and Development (EBRD) said. According to an updated Regional Economic Prospects report, the start of gas production within the second stage of …
Azerbaijani Central Bank’s currency reserves up by almost 30%
Currency reserves of Azerbaijan's Central Bank (CBA) increased by about $1,195.2 million (29.8%) up to $5,200.7 million in October 2017 as compared to the same period of 2016, statistical data posted on the CBA website says. …
ADB doesn't exclude allocating another $250 million to Azerbaijan
The Asian Development Bank (ADB) does not exclude the possibility of allocating another tranche in the amount of $250 million in 2018 for the project on the reconstruction and modernization of the Azerbaijani energy system, Nariman …
Azerbaijan's GDP to reach almost 100 billion manats in 2022
According to statistical information released by the International Monetary Fund (IMF), Azerbaijan's GDP may reach 98.91 billion manats in 2022. According to the IMF, Azerbaijan's GDP will reach $58.182 billion. The IMF expects …
IMF: Azerbaijani state budget to reach surplus in 2018
The International Monetary Fund (IMF) expects the Azerbaijani state budget to reacha surplus in 2018, Trend reports. According to latest statistics, next year Azerbaijan's state budget revenues will reach 26.242 …
World Bank: Azerbaijan show biggest economic growth in Europe and Central Asia
Azerbaijan has shown the biggest economic growth in the region of European countries and Central Asia for 25 years, World Bank Vice President for Europe and Central Asia, Cyril Muller, said at a ceremony dedicated to the 25th …
ADB mission due in Azerbaijan
A mission of the Asian Development Bank (ADB) will visit Azerbaijan in September, reads a message posted on the ADB website, Trend reports. The mission for the Subprogram 1 of the Improving Governance and Public Sector Efficiency …
Standard & Poor's affirms Azerbaijan’s sovereign credit rating
Standard & Poor’s international ratings agency has affirmed long-term and short-term sovereign credit rating of Azerbaijan in foreign and local currency at ‘BB+/B’, with negative outlook, the country’s Finance …
Azerbaijan ‘Digital Trade Hub’ set to bind Regional and Eurasian Markets
Azerbaijan is currently prioritizing geo-economics over geo-politics
Azerbaijan's Central bank to discuss cutting discount rate on August 1
Central Bank of Azerbaijan will view the issue of reducing the discount rate at its next meeting on August 1. CBA said that the management, which held a meeting recently, noted the potential to reduce the discount rate from the 2H2017, …
Azerbaijan moves forward with ‘5-star’ free-trade hub
A draft law on the creation of a free trade zone will be submitted to the parliament before the end of 2017
Central Bank of Azerbaijan may soften monetary policy
The Central Bank of Azerbaijan (CBA) intends to consider possibility of softening monetary policy in mid-June, the central bank governor Elman Rustamov said. Rustamov also said that the restructuring of some of the …
S&P affirms sovereign credit ratings of Azerbaijan at 'BB+/B'
Standard & Poor’s Global Ratings in its recent extraordinary assessment has affirmed long- and short-term foreign and local currency sovereign credit ratings of the Republic of Azerbaijan at 'BB+/B’, Trend reports. …
Ilham Aliyev predicts very successful year for Azerbaijan
Azerbaijan’s President Ilham Aliyev said that 2017 will be very successful for the country, taking into account indicators of the first quarter of the year. He noted that the results of the first three months of …
Ziyad Samedzade: strong Russian-Azerbaijani ties strengthen peace in region
Friendly relations between Russia and Azerbaijan not only meet the interests of Moscow and Baku, but also contribute to the consolidation of peace in the region, the chairman of the Parliamentary Committee for Economic Policy, Industry and …
Developing Tourism Is a Priority in Azerbaijan
Azerbaijan placed among the most improved economies in 2017
Azerbaijani President: we to achieve all goals this year
This year Azerbaijan will achieve all goals, Azerbaijani President Ilham Aliyev said, addressing a meeting of the Cabinet of Ministers dedicated to the results of the first quarter of 2017 and future tasks. According to …
