EBRD releases forecast for economic growth in Azerbaijan in 2010
Growth of the Azerbaijani economy in 2010 is expected to reach 7.1 percent, said the statement of the European Bank for Reconstruction and Development (EBRD).
According to the chief economist of the Bank, Anita Taci, the main indicators of the expected growth of economic development is caused by the growing prices worldwide and demand for oil exports.Experts of the bank say that the economies of Central and Eastern Europe after the sharp decline in production in the first half of 2009 are expected to increase by an average of 6.3 percent.
The Bank believes that the financial systems of Azerbaijan, Mongolia, Turkmenistan and Uzbekistan were less affected by the crisis.
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