CBA maintains stable forecasts on economic growth and CAB
The Central Bank of Azerbaijan forecasts economic growth in the country this year at the level of 3.5-4%, including in the non-oil and gas sector-5.5-6%.
Chairman of the organisation Taleh Kazimov stated this at a press conference at the CBA.
‘Next year, the country's gross domestic product (GDP) is expected to grow by 2-2.5%, including in the non-oil and gas sector by 4-5%. This is the same as our April forecasts,’ he added.
Furthermore, according to the chairman, the CBA's forecast for the current account balance (CAB) surplus in April this year, based on the baseline scenario, has not changed: "‘Like 3 months ago, we expect a surplus of $ 7 billion on the CAB in 2024 and $ 6 billion in 2025."
Finance
-
Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
-
The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
-
In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
-
In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
Leave a review