Russia does not plan to ratify Paris Agreement on climate earlier than 2020 — ministerRussian Politics & Diplomacy October 28, 21:48
Russian Foreign Ministry: Pictures of attacked school in Idlib are 'computer graphics'World October 28, 21:21
Kissinger becomes Russian Academy of Sciences memberWorld October 28, 21:12
Kremlin gives no comment on reports that Russian, US jets flew dangerously close in SyriaRussian Politics & Diplomacy October 28, 20:13
Two of four Soyuz crews to fly to ISS in 2017 will be smaller than usualScience & Space October 28, 20:05
Foreign Ministry: Two mortar shells fired on Russian embassy in SyriaRussian Politics & Diplomacy October 28, 19:52
Kremlin: Russia may use all available means against terrorists in AleppoRussian Politics & Diplomacy October 28, 19:26
Russian Foreign Ministry refutes reports about alleged deportation of Russians from SerbiaRussian Politics & Diplomacy October 28, 19:07
Moscow slams US marines’ deployment in NorwayRussian Politics & Diplomacy October 28, 18:57
BAKU, November 4 (Itar-Tass) - The government of Azerbaijan expects inflation in the country to stay within a 3.5-4 percent range in 2014-2017.
“The average annual inflation in 2014-2017 will be 3.5-4 percent,” Deputy Minister of Economics and Industry Sevindzh Gasanova said on Monday, November 4.
Inflation for 2013 is projected at 3.3 percent.
Gasanova noted that the draft national budget for 2014 was based on the oil price of 100 U.S. dollars per barrel and a price of 80 U.S. dollars per barrel for the subsequent three years.
The government adheres to “a conservative approach in forecasting oil prices,” the deputy minister added.
Azerbaijan’s currency reserves are several times larger than its foreign debt, which stands at 7-8 percent of GDP, and are sufficient to substitute for import for five years.
The currency reserves of Azerbaijan’s Central Bank increased by 16.1 percent in the first ten months of this year to 13.583 billion U.S. dollars, the Bank said.
The currency reserves grew 15.7 percent (1.8 billion U.S. dollars) year on year.
Azerbaijan’s strategic reserves, which also include the assets of the state-owned oil fund, stand at almost 50 billion U.S. dollars.