Tag: decline

Azerbaijan sees decline in foreign currency deposits

[ad_1] As of July 1, this year, deposits in foreign currency in Azerbaijani banks amounted to AZN 8,813,200. Report informs, citing the Central Bank of Azerbaijan, that this is 0.4% less than on June 1. Deposits in foreign currency decreased by 0.8% compared to the beginning of the year and by 2.6% compared to July… Continue reading Azerbaijan sees decline in foreign currency deposits

IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

Azerbaijan sees over 13% decline in oil export

[ad_1] Azerbaijan exported 11,921,162 tons of crude oil and crude oil products obtained from bituminous minerals worth $4,927,241,270 in January-May 2021, respectively, down 13.4% and 2.84% from the previous year, Report informs citing the State Customs Committee. In the reporting period, oil export constituted 66.34% of total export. [ad_2] https://report.az/en/energy/azerbaijan-sees-over-13-decline-in-oil-export/

Azerbaijan sees nearly 1% decline in personal incomes

[ad_1] In January-May 2021, the personal incomes in Azerbaijan amounted to AZN 22,090,000,000, down 0.8% from the previous year, Report informs, citing the State Statistics Committee. Over the past year, the country’s per capita income decreased by 1.3% to AZN 2,207. [ad_2] https://report.az/en/finance/azerbaijan-sees-nearly-1-decline-in-personal-incomes/