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Azerbaijan tightens requirements for foreigners wishing to permanently live in country
Baku/09.02.23/Turan: The Government of Azerbaijan is preparing to double the investment requirements for foreigners and stateless persons wishing to permanently reside in the country.
This is reflected in the draft law "On Amendments to the Migration Code".
According to the document, from now on foreigners and stateless persons for permanent residence in Azerbaijan must purchase real estate worth at least 200.,000 manats or deposit at least 200, 000 manats in local banks. Until now, the specified amount was 100.000 manats. -0-
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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