Bank Of Baku

Forecast: Influence of European financial crisis on Azerbaijan will not be strong

Forecast: Influence of European financial crisis on Azerbaijan will not be strong
# 02 May 2012 09:50 (UTC +04:00)
According to him, economies of Azerbaijan and Europe are not so closely connected: “the crisis in 2008 influenced Azerbaijan indirectly – that’s through Russia, decline in oil prices or etc”.

Ilahi noted that, IMF id not expect direct influence of Europe financial crisis on Azerbaijan: “If this crisis influences Azerbaijan, indirectly, it will defeat the influence. So, SOCAR and SOFAR have sufficient funds”.
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