The chairman of the National Bank of Kazakhstan Timur Suleymenov
Chairman of National Bank of Kazakhstan arrives in Azerbaijan
A delegation headed by the chairman of the National Bank of Kazakhstan Timur Suleymenov visited Azerbaijan. This was reported by the Central Bank of Azerbaijan.
Within the visit, CBA chairman Taleh Kazimov received the delegation of Kazakhstan, the report says. The meeting expressed satisfaction with the level of existing ties between the central banks of both countries, highly appreciated the recent sustainable development rates, held a wide exchange of views on the current macroeconomic situation, monetary policy, payment systems, modern financial technologies and other areas.
It is worth reminding that last year a memorandum of understanding was signed between the two structures. The document provides for expansion of cooperation in the field of monetary policy, financial sector, payment systems and financial technologies, exchange of experience and information, as well as organisation of bilateral visits.
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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