Azerbaijani economy

Moody’s expects Azerbaijani economy to grow

Azerbaijan’s GDP may grow 1.5% in 2018, Moody’s Investors Service said in a report. The agency said that the rebound in oil prices since early 2017 has contributed to a stabilization in Azerbaijan's economy …

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S&P raises Azerbaijan's sovereign debt rating

Standard & Poor’s Global Ratings agency has forecast Azerbaijan’s GDP growth to average 3.3% over the next four years, the S&P said in a report.  On January 26, the S&P revised its outlook on the long-term …

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Azerbaijan increases amount of funds for exporters

Azerbaijani President Ilham Aliyev has signed a decree on amending the decree "On approval of the procedure for determining and regulating the mechanism for paying part of the expenses paid for by the state budget, …

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Results of 2017: Azerbaijan - leader of South Caucasus

In 2017, Azerbaijan reaffirmed its leadership in the South Caucasus region by once again gettion ahead of its Caucasian neighbors both by economic indicators, by scale of international projects and by prospects for further development. …

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EU praises Azerbaijan potential in development of SMEs

Azerbaijan has great potential for the development of small and medium-sized businesses (SMEs) and the achievement of European indicators in this area, the head of Operations Section at the EU mission in Baku, Jeroen Willems said …

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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. …

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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 …

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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 …

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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 …

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