World Bank (WB) forecasts decline of Azerbaijan’ GDP in 2016 by 1.9%.
In its report for year 2016 in January WB forecasted growth of Azerbaijan’s GDP by 0.8%.
In 2016 the Azerbaijani government forecasts economic growth at 1.8%.
In 2016 WB forecasts average annual inflation at 14%. In 2016 WB forecasts Azerbaijan’s budget deficit at 14.4%.
Negative forecasts in the Azerbaijani economy are connected with decline of oil revenues of the country.—0-
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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