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Tag: Azerbaijan economy

Fitch Expects Azerbaijan’s Economy to Grow, Increase in Karabakh Recovery Spending in 2021

The international rating agency Fitch Ratings predicts a decline in Azerbaijan’s GDP in 2020 at 4.3% Earlier in July, Fitch predicted a 4.2% decline in…

SOFAZ to Spend $437 mln on Construction of Oil Refinery

On October 4, Azerbaijani President Ilham Aliyev approved changes in the budget of the State Oil Fund (SOFAZ) of Azerbaijan for 2017. According to the…

Increase in Oil Prices to Accelerate Economic Growth in Azerbaijan-Moody`s

Higher oil prices will accelerate the economic recovery of Azerbaijan, analyst, Junior Vice-President of the rating agency Moody’s Peter Paklin said. “According to our estimates,…

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