Elman Rüstəmov
Baku / 01.02.19 / Turan: The macroeconomic forecasts of 2019 are very similar to the forecasts of 2018, and therefore it is not serious to talk about devaluation in 2019. The chairman of the Central Bank of Azerbaijan Elman Rustamov said this at a press conference.
"All our forecasts are based on macroeconomic stability. Last year, the balance of payments was in surplus. The State Oil Fund assets increased by $ 3 billion."
He noted that the complete stability of the foreign exchange market was ensured.
"Regardless of the price of oil, the transfer from the State Oil Fund to the financial market of Azerbaijan will be $ 6.8 billion. New budget rules make it possible to maintain the manat rate in stability. "
At the same time, E. Rustamov noted that if they were expecting risk factors, they would not have made a decision to reduce the discount rate.
"The forecasts are based on a consensus forecast for oil prices in the range of 60-70 dollars. The state budget is also formed on the basis of such a price," E. Rustamov said. -71D-
Finance
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In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period in 2023. In particular, last year, customs duty revenues increased by 20.2% to 158.2 million manat, while VAT (Value Added Tax) revenues decreased by 0.45% to 463.5 million manat. Excise tax revenues increased by 6.2% to 19.55 million manat, and road tax revenues increased by 45.9%, amounting to 5.2 million manat.
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An auction for the placement of interest-bearing, unsecured, undocumented, registered bonds of the non-bank credit organization (NBCO) Embafinans with the code AZ2013020600 ISIN, worth 2 million manat for a one-year term, was held at the Baku Stock Exchange (BSE), the BSE reported.
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Zarifa Hamzaeva, the owner of 84.5% of Premiumbank's shares, has passed away, the Bank reported. She was also the wife of Jahangir Askerov, the founder and president of Gazelly Group, the leading cosmetics manufacturer in the country, and the former head of Azerbaijan Airlines (AZAL) (dismissed in September 2023).
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In 2024, nominal income of Azerbaijan's population totalled AZN 83,093.4 million.
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