[ad_1] “Export potential of the non-oil sector in Azerbaijan is increasing,” Minister of Economy Mikayil Jabbarov wrote on Twitter. “Export of non-oil products in the six months of 2021 amounted to $1,162.4 million, showing a 27.1% increase over a year earlier. The volume of non-oil products also grew by 40.1%. In the first half of… Continue reading Minister of Economy: Export of non-oil products increases by 40%
Tag: economy
Economy Minister: We encourage UAE investors to expand their projects in Azerbaijan – INTERVIEW
[ad_1] Last week, a delegation led by the Minister of Economy of the United Arab Emirates (UAE), Abdullah Bin Touq Al Marri, visited Azerbaijan. Within the framework of the visit, the UAE Minister of economy gave an interview to the Report on the current cooperation between Azerbaijan and the UAE and the expansion of these… Continue reading Economy Minister: We encourage UAE investors to expand their projects in Azerbaijan – INTERVIEW
IMF recommends support to Azerbaijan’s economy until sustainable recovery
[ad_1] Over the longer term, fiscal policy in Azerbaijan needs to shift to gradual and growth-friendly consolidation, 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. “Given the projected decline in oil resources, oil wealth needs to… Continue reading IMF recommends support to Azerbaijan’s economy until sustainable recovery
Vusal Gasimli: Azerbaijan’s economy needs to be restructured
[ad_1] The International Monetary Fund (IMF) has released a report on Azerbaijan under Article IV of its Charter. Vusal Gasimli, Executive Director at Center for Analysis of Economic Reforms and Communication, commented on the document’s main points. According to Gasimli, the paper notes that the Azerbaijani economy has been affected by the COVID-19 pandemic and… Continue reading Vusal Gasimli: Azerbaijan’s economy needs to be restructured
Foreign investment in Azerbaijani economy declines 3.5%
[ad_1] In January-May this year, foreign enterprises and organizations invested AZN 1,946,200,000 in fixed assets in Azerbaijan. Report informs, citing the State Statistics Committee, that this is 3.5% less than in the same period last year. AZN 1,752,500,000 (90%) of the five-month investment belonged to investors from the United Kingdom, the United States, Switzerland, Turkey,… Continue reading Foreign investment in Azerbaijani economy declines 3.5%