Azerbaijan seeks banking co-operation with Hungary
Deputy Chairman of the Central Bank of Azerbaijan (CBA) Aliyar Mammadyarov held a meeting with Deputy Chairman of the Central Bank of Hungary Barnabas Virag within the framework of the annual meetings of the World Bank and the International Monetary Fund in the US capital Washington. This is reported by the CBA.
According to the information, the meeting expressed satisfaction with the existing cooperation relations between the central banks and praised the organisation of joint visits for training and exchange of experience.
They also exchanged views on the current economic ties between the countries, macroeconomic situation and opportunities for co-operation between financial sectors.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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