In January-April of this year, prices incrased by 2.7%.
According to the Central Bank of Azerbaijan (CBA), in April index of aggregate price growth was 0.4%. Over the year (May 1, 2012 - May 1, 2013), consumer price inflation was 2.3%.
According to the CBA, the average annual inflation in January-April of this year was 1.4%. Government forecast on inflation at the end of December 2013 was 5.7%.
By January 1, 2013 officially declared annual average inflation rate was 1.1%. --17D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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