Azeri gov’t predicts 2010 growth at 7%
Economic growth rate in Azerbaijan is expected at
6.78% in 2010, according to the most conservative estimates, Deputy
Minister of Economic Development Sevinj Hasanova has said.
According to her, under average projections, GDP is expected to grow 7%, with World Bank forecast putting the figure at 8%, while the European Bank for Reconstruction and Development (EBRD) says it will be 6%.
As for oil production, the resource-rich South Caucasus republic is expected to produce over 53 million tons next year. Income of the population will increase by about 10%, while loan allocations 4%.
Azerbaijan’s economic growth was 10.8% in 2008, with 7% increase reported in the non-oil sector. Thus, about the same indicators are expected this year.*
According to her, under average projections, GDP is expected to grow 7%, with World Bank forecast putting the figure at 8%, while the European Bank for Reconstruction and Development (EBRD) says it will be 6%.
As for oil production, the resource-rich South Caucasus republic is expected to produce over 53 million tons next year. Income of the population will increase by about 10%, while loan allocations 4%.
Azerbaijan’s economic growth was 10.8% in 2008, with 7% increase reported in the non-oil sector. Thus, about the same indicators are expected this year.*
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