According to him, economic perspectives are appreciated. Development rate in non-oil sector was 9-9.5%: “But this year, non-oil economy will increase by 6%. This is a good indexâ€.
He also noted that, oil extraction in Azerbaijan decreased by 10% last year: “No significant changes are expected in oil extraction this year. GDP is expected to rise 3% from non-oil sectorâ€.
He noted that, the inflation was lower in the country due to the government paid attention to level of inflation and the budgetary expenditures was lower. This index will be 5% this year, too: “Inflation also depends on economic policy of the country. The budget-tax policy will play an important role for protection of stability. Reduction of budgetary deficit by limiting the capital expenditures will support the reduction of inflation level in 2012â€.
IMF: In Azerbaijan, economic growth will be 3%, inflation – 5% this year - PHOTO
02 May 2012 09:40 (UTC +04:00)
İDMAN XƏBƏR
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
Finance
TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources
13:11
3 July 2026
ADB: Expanding electric transport could bring Azerbaijan $18 mln annually
13:01
2 July 2026
BSTDB has financed over €9 billion in projects since its establishment – Vice President
11:11
2 July 2026
BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust
10:53
2 July 2026
NEWS FEED
Haaland takes Norway to QF with brilliant 2-1 win over Brazil
02:23
6 July 2026
US President will call on allies to increase defense spending at NATO summit
01:54
6 July 2026
Trump plans to contact Putin after meeting with Zelenskyy in Türkiye
01:29
6 July 2026
Russia drone strikes SOCAR gas station in Ukraine
00:44
Audio
6 July 2026
Death toll from Venezuela earthquake exceeds 3,000
00:20
6 July 2026
US suspends search for the missing helicopter in the Arabian Sea
00:06
6 July 2026
Polish Defense Ministry to disclose information about military supplies to Kyiv
23:24
5 July 2026
Jewelry worth about 4 million euros stolen from French museum — Le Parisien
22:54
5 July 2026
Leclerc survives Silverstone chaos to win British GP
21:46
5 July 2026
Netanyahu says Israel has friends in the world besides the US
21:26
5 July 2026
Stoltenberg: There is no guarantee that NATO will exist forever
21:00
5 July 2026
Netanyahu sees no disagreements between US and Israel, including on Iran
20:41
5 July 2026
French President Macron to visit Syria, Syrian presidency says
20:30
5 July 2026
Speaker of National Assembly of Zimbabwe arrives on official visit to Azerbaijan
20:11
5 July 2026
AZAL announces possible delays and rescheduling of Baku–Nakhchivan–Baku flights
14:41
5 July 2026
Trump: We're gonna go to Mars soon
12:38
5 July 2026
Israel sent Iron Dome battery to UAE during Iran war, minister says
12:31
5 July 2026
2nd day of Khamenei’s public funeral rites underway in Tehran
12:27
5 July 2026
Russian, Armenian PMs to meet in Yekaterinburg
12:00
5 July 2026
Australian woman charged with murder after child's body found in home
05:49
5 July 2026
Venezuela quake death toll rises to 2,954, with 16,592 injured
04:55
5 July 2026
After conversation with Trump, Zelensky says there is a real prospect of ending the war
03:51
5 July 2026
France beats Paraguay 1-0, reaches World Cup QF
03:09
5 July 2026
'There is real chance to end war': Zelenskyy reveals details of call with Trump
02:39
5 July 2026
Russian, US Presidents hold call, discuss Ukraine
01:20
Audio
5 July 2026
Israeli PM hails US as ‘greatest force for liberty’ in Independence Day message
00:58
5 July 2026
Venezuela earthquake death toll rises to 2,954
00:11
5 July 2026
Morocco becomes first quarterfinalist in FIFA World Cup
23:55
4 July 2026
US leader speaks with Ukrainian President over phone
23:40
Audio
4 July 2026
Death toll from Israeli attacks on Lebanon rises to 4,303
23:30
4 July 2026
Ukraine hits major oil terminal in Russia's St Petersburg
23:28
4 July 2026
Turkish president, Canadian premier discuss bilateral ties, regional issues over phone
23:14
4 July 2026
Trump: We could wipe out everyone at Khamenei's funeral, but then there would be no one left to negotiate with
23:02
4 July 2026
A girl died in building collapse in the Nizhny Novgorod region
21:54
4 July 2026
Axios: Trump ready to meet with Netanyahu next week
21:42
Audio
4 July 2026
US envoys may visit Russia by end of August, but no dates set yet
21:22
4 July 2026
18-year-old motorcyclist dies after crash in Australia's NSW
19:51
4 July 2026
Egypt uncovers lost Byzantine-era city in the western desert
19:18
4 July 2026
Shehbaz Sharif: Türkiye played a key role in the signing of the Islamabad Memorandum
18:49
4 July 2026
Russian House in Chisinau ceases operations
18:45
4 July 2026
Türkiye and Pakistan reaffirm goal of boosting bilateral trade to $5 billion
18:33
4 July 2026
US-Iran negotiations reportedly set to resume June 11, will include nuclear talks
18:15
4 July 2026
Armenia's Constitutional Court upholds parliamentary election results
18:08
4 July 2026
Two killed, one injured in car crash in Azerbaijan's Ismayilli district
17:54
4 July 2026
Istanbul-Mineralnye Vody flight declares emergency after takeoff
17:26
4 July 2026
Pezeshkian persuaded Iran's Supreme Leader to agree to talks with the US - NYT
16:50
4 July 2026
Father and two children drown in reservoir in Azerbaijan's Aghdam
16:03
4 July 2026
Turkish Vice President praises Pakistan’s mediation role between the US and Iran
15:56
4 July 2026
Nine killed, eight injured in Ukraine road collision
14:59
4 July 2026
Magnitude 3.2 earthquake strikes Azerbaijan's Imishli
14:06
4 July 2026
