Azerbaijani economy

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 …

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 …

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 …