2012 financial year - the most eventful

Center for Economic Research (CER) has summed up the major economic and financial events of the year.

According to its director, doctor of economic sciences Gubad Ibadoglu, usually with similar political regimes all years are similar. In this regard, the year 2012 is typical, but more saturated compared to previous cycles.

The highest-profile events were: information the British NGO Tax Justice Network ("fair tax system") to withdraw from the Azerbaijani offshore $ 48 billion, as well as the beginning of a campaign of calculation with a population of deposits in the Soviet Sberbank. In December, the State Oil Fund of Azerbaijan has acquired an office complex worth 177.35 million British pounds sterling in West London (London's West End) in the Rue St. James Street, 78 (St James's Street) and real estate complex consisting of offices and facilities Trade in Paris at Place Vendome, 8 for 135 million euros. Latest acquisition - a retail and office center "Gallery Actor" with total area of ??18 thousand square meters, located at the intersection of Tverskaya Street and Passion Boulevard, not far from the Kremlin and Red Square. The building was constructed in 1881 and completely renovated in 1995, preserving the historic facade.

The fastest growing sector is insurance (almost twofold increase compared to last year). The reason is the adoption of the law "On compulsory insurance." One only mandatory liability insurance of vehicle owners to third parties (for 11 months collected 68.6 million for total premiums 313 million manat) was 22% of the local market.

The most developed sector of the economy - the service sector. Thus, according to the first 9 months, the non-oil sector up 20 bn of value added and 24.1% of which occurred in the social and other services, 19.5% - in construction, 15.5% - not the oil industry, 13 3% - trade and repair of motor vehicles, 12.1% - in agriculture.

The largest deficit is in the non-oil sector of the budget. Despite the declared surplus budget (up to 3 quarters) of $ 1.5 billion manats, by year-end costs in the non-oil sector for the first time exceed revenues by about 42.8%.

The largest decline was in manufacturing 3% for 11 months. This is mainly due to the decline in oil production and exports. Given the fact that 3 out of every 4 budget manat fell on oil and gas, it is not surprising that this year there was the biggest rift - president publicly denounced by BP for failure to fulfill obligations to stabilize oil production at the Azeri - Chirag - Guneshli.

The largest discrepancy was observed by the State Statistics Committee mythmaking in the agricultural sector. On the one hand is growing production and the country, the assurances of its management, 100% food security, on the other hand, is growing and food imports. Thus, according to the official data on December 1, the production of crops (except melons, beets, and cotton) increased by 5.8%, the production of livestock products - by 5.5%. State Customs Committee reported that, compared to January-November 2011, this year has increased imports of wheat (24.1%), animal and vegetable fats (21%), butter (17.5%). In addition, blossomed delivery of fruits and vegetables (13.28%) and sugar (10.4%), although Imishli specialized factory report exports. - 17D-