At the same time, it is forecasted that economic growth in 2013 will make 3.5% and in 2014 –4.5%.
Note that, in January-April, 2012, economic growth rate in Azerbaijan was equal to 0.3%. so, in order to hit the forecasted level, it is necessary to increase the growth rate in non-oil sector.
Remind that, in January-April, oil-gas sector dropped 6.4%, while non-oil sector rose 9.5%. at the same time the share of non-oil sector in GDP is equal to 42.5%.
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Finance
SOFAZ's budget draft for 2024 to be proposed to President
12:47
9 December 2023
Azerbaijan dismisses Minister of Economy of Nakchivan AR
16:32
8 December 2023
Azerbaijan to set up Chamber of Appraisers
13:45
8 December 2023
Azerbaijan is one of two countries where positive forecast for region is continuous - Fitch
11:37
6 December 2023
NEWS FEED
Iraq's Kataeb Hezbollah vows more attacks on US forces
01:36
10 December 2023
UAE welcomes efforts to establish peace between Azerbaijan and Armenia
00:35
10 December 2023
Turkish FM and US Secretary of State discussed Azerbaijan-Armenia normalization and peace agreement process
23:19
9 December 2023
UAE President makes a phone call to President Ilham Aliyev
21:40
9 December 2023
US secretary of state discusses Gaza crisis with Red Cross president and Middle East diplomats
20:39
9 December 2023
US govt uses emergency authority to provide tank shells to Israel
20:10
9 December 2023
There is general consensus within group regarding Azerbaijan's bid to host COP29 - Minister
20:00
9 December 2023
IDF issues fresh appeal for civilians to leave areas of Khan Younis, where fighting rages
18:53
9 December 2023
Türkiye's Erdogan: We have lost our hope, expectation from U.N. Security Council
18:15
9 December 2023
Palestinian Authority president criticizes US veto of ceasefire resolution
17:47
9 December 2023
Russia to reach carbon neutrality by 2060 – Envoy
17:20
9 December 2023
Kyiv says IOC is 'encouraging' war in Ukraine by allowing Russian athletes to compete
16:45
9 December 2023
Azerbaijani President congratulates his Kenyan counterpart
16:13
9 December 2023
US Ambassador: I hope that during my time here, we work together for a durable peace in region
16:05
9 December 2023
Eastern European Group countries chose Azerbaijan to host COP29 climate talks - Media
15:39
9 December 2023
Baku-hosted FIA Prize-Giving 2023 was remembered for its magnificence
15:10
9 December 2023
Three die in Italian hospital fire
14:33
9 December 2023
COP28 must be 'beginning of the end of fossil fuels'
13:32
9 December 2023
Azerbaijan Defense Minister: Azerbaijan Army established basis for peace in region under leadership of Supreme Commander-in-Chief
13:17
9 December 2023
Collegium meeting of Azerbaijan's MoD was held
13:12
9 December 2023
Moscow hosts exhibition of Heydar Aliyev's photos kept in AZERTAC chronicle-PHOTO
13:07
9 December 2023
Western Azerbaijan Community thanks President Ilham Aliyev
12:56
9 December 2023
SOFAZ's budget draft for 2024 to be proposed to President
12:47
9 December 2023
Fitch increased its forecast for gas prices in Europe for 2024
12:20
9 December 2023
President of Azerbaijan appoints new ambassador to Moldova
12:18
9 December 2023
Azerbaijan appoints new ambassador to Romania
12:13
9 December 2023
Ambassador of Azerbaijan to Romania is recalled from position
12:11
9 December 2023
Azerbaijan appoints new ambassador to Belarus
12:08
9 December 2023
President Ilham Aliyev released his first assistant from position
12:04
9 December 2023
Ambassador of Azerbaijan to Belarus is recalled from position
11:59
9 December 2023
Fitch increased its forecast for price of oil for 2023-2024
11:49
9 December 2023
Natural gas prices drop at NYMEX
11:39
9 December 2023
Oil price increases in world markets
11:36
9 December 2023
Azerbaijani oil price exceeds $80
11:32
9 December 2023
Azerbaijan declares off days for 2024
11:23
9 December 2023
President of Azerbaijan Ilham Aliyev was interviewed by Euronews TV channel-UPDATED
11:12
9 December 2023
President of Azerbaijan: In our proposal to Garabagh Armenians, we also covered their rights
10:46
9 December 2023
President of Azerbaijan: Our public communications with Garabagh Armenians, and what we did after, demonstrated that we wanted them to stay
10:40
9 December 2023
President Ilham Aliyev: I don't see now any serious obstacle to sign a peace agreement from a logical point of view
10:38
9 December 2023
President Ilham Aliyev: Azerbaijan is considered as one of most active members of Organization of Islamic Cooperation
10:35
9 December 2023
Azerbaijani President: We will continue to conduct independent policy in international arena
10:30
9 December 2023
President Ilham Aliyev: We want Armenia, today and in the future, never put under question our territorial integrity
10:29
9 December 2023
Azerbaijani President: We have excellent relations with all countries of SPECA
10:29
9 December 2023
President: Our borders are open for friends and closed for those who want to do something harmful
10:28
9 December 2023
President: There is a big demand for Azerbaijani gas in Europe, and this demand is growing
10:28
9 December 2023
President: Foreign debt is below 10 percent of our GDP, the target for next year is 7 percent
10:26
9 December 2023
President Ilham Aliyev: Our economic development was so far very positive, even in a much more complicated geopolitical situation
10:26
9 December 2023
President of Azerbaijan: Our energy development transformed from oil to gas
10:24
9 December 2023
President Ilham Aliyev: We always wanted to protect Azerbaijan from any kind of a rivalry, from any kind of a geopolitical struggle or battle between big powers, and I think we managed to achieve that
10:21
9 December 2023
Azerbaijani President: Our state investment program will be mainly directed to liberated areas of Garabagh and Eastern Zangazur
10:21
9 December 2023
