Bank Of Baku

Azerbaijan is industrial growth pilot in CIS region

Azerbaijan is industrial growth pilot in CIS region
# 09 March 2007 13:19 (UTC +04:00)
The rate of the main macroeconomic indicators remained relatively stable in the Commonwealth of Independent States during the period January-February, the group statistical body said.
The average industrial production jumped 7.28% in relation to the same period last year (down 9.4% from December, 2006).
The top body said Azerbaijan enjoyed high economic performance and the oil-rich nation had a 52.4% rise in industrial production during January, 2007. The inflation continued to move up in the region and hit 9.7% on average in January. The producer price index climbed 1.2% to 12%, the calculations concluded. /APA-Economics/
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