CBA transferred funds from its profit to budget
In the first half of 2024 the Central Bank of Azerbaijan has transferred AZN 250 million from its profit to the state budget in keeping with its obligations.
This was reported by the Ministry of Finance.
Recall that the CBA's share in budget revenues for 6 months was 1.3%, the report says. The structure did not ‘help’ the budget in the same period of 2023.
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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