At today's plenary session of Milli Majlis 4 new members of the Board of the Central Bank of Azerbaijan were approved.
The new members are Togrul Aliyev, Gular Pashayeva, Ali Ahmedov and Vusal Khalilov, who are still general directors of the CBA.
In addition, Rashad Orujev was excluded from the Board by the Milli Majlis' decision.
Thus, the number of permanent members of the Board of Directors rose from 3 to 6. This number should be 7 according to the Law.
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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