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Stock Market / Finance in Azerbaijan

  • Fitch says Azerbaijan among countries benefiting most from commodity boom

    AZERBAIJAN, 2016/05/28 A number of key economic and financial ratios in commodity-based emerging markets (CEMs) have by presently returned to pre-boom levels, two years next the sudden end of the commodity boom, says Fitch Ratings in its new World Perspectives commentary. According to the statement, Azerbaijan has benefited most from the boom part Fitch-rated CEMs since 2003.
  • Manat rate as of May 27

    AZERBAIJAN, 2016/05/27 The official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.4906 manats and 1.6677 manats respectively on May 27. Below is the exchange rate of Azerbaijani manat against the world currencies and precious metals on May 27, according to the Central Bank.
  • Economic slowdown expected in Caucasus, Central Asia

    AZERBAIJAN, 2015/10/26 For oil exporters of Caucasus and Central Asia, the economic increase is projected at 3.75 % for 2015, down from nearly 5.5 % in the previous year, despite a sizable fiscal stimulus in some nations (3 % of GDP in Kazakhstan and 1 % of GDP in Uzbekistan), the International Monetary Fund announced in its recently published statement. Slower increase in oil production in Azerbaijan and Kazakhstan, fewer remittances from Russia to Uzbekistan and less public investment in Turkmenistan, inclunding weaker confidence resulting from currency depreciations, have contributed to the economic slowdown, according to the statement. “Increase is expected to pick up in 2016 to 4 %, as increase strengthens in significant trading partners, such as Russia and the euro area, and as domestic confidence improves,” said the statement.
  • Azerbaijan reveals budget forecasts for 2016

    AZERBAIJAN, 2015/09/15 Azerbaijan's Finance Ministry has revealed the budget forecasts in its 2016 national and consolidated budget drafts. According to the ministry, next year's budget revenues are projected at 14.566 billion manats ($13.904 billion), while expenditures are expected to reach 16.264 billion manats ($15.525 billion), the ministry of finance reported. Expected budget revenues will be reduced by 25.1 % from the expected rate for 2015, and decline by 20.84 % from the real 2014 figure. Expected national budget expenditures will drop by 22.9 % from 2015 and by 13.07 % from 2014.
  • Azerbaijan’s National Statistics Committee

    AZERBAIJAN, 2015/01/20 Azerbaijan’s National Statistics Committee has revealed the volume of investment made in the country’s oil and non-oil sectors in January-December 2014. The committee said about 66.1 % or 11.651,6 billion manats invested before in the fixed capital was allocated to the development of the non-oil sector while around 5.964,2 billion manats or 33.9 % were invested in oil sector of the country. Investment in the country's non-oil sector has decreased by 9 %, while in the oil sector it increased by 16.6 %.
  • IMF to consult with Azerbaijan on 2013 economic development prospects

    AZERBAIJAN, 2013/01/25 An IMF mission led by the departmental adviser on the Middle East and Central Asia (MCD), Raja Al Marzouqi, is to make a visit to Baku from February 26, to conduct consultations with the Azerbaijani government under Article IV of the Agreement 'On the creation of the IMF', chief of the IMF Office in Baku, Aggyun Gadirli, told Trend on Wednesday. These consultations are held on a regular basis annually. "The visit will last until March 12 and prospects and activities in the development of Azerbaijan's economy in 2013 will be discussed," Gadirli said.