Bank Of Baku

EBRD: Economic growth will be 4% in Azerbaijan, this year

EBRD: Economic growth will be 4% in Azerbaijan, this year
# 18 November 2010 09:35 (UTC +04:00)
Besides, EBRD forecasts the net direct investment in Azerbaijan as $ 450 mln for 2010, up 3.1 times compared with a year ago. Remind that, this index was -541 mln USD in 2008.

EBRD also reports that, main reforms for Azerbaijan are related with the diversification of economy and this is connected with finishing of sharply increase period in oil production. According to EBRD’s experts, the strengthening competition of non-oil export in Azerbaijan will increase and serve to attract more investors.
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