Day: March 6, 2021

Web Desk March 6, 2021

Price for May of 2021 agreement on the exportation of Brent crude oil has increased by 0,46 % to stand at $ 62,99 for a barrel during trade operations held in ICE London Intercontinental Exchange, APA-Economics reports.   The price of the WTI brand has increased by 0,38% to stand at $ 59,98 by exporting […]

Web Desk March 6, 2021

“As indicated in the IMF’s World Economic Outlook published last October, for 2021, we project real GDP growth to recover to 2 percent, inflation to reach 3.1 percent and gross government debt 20 percent of GDP. Our updated forecast will be released in the IMF’s World Economic Outlook this April,” Natalya Tamirisa, head of the […]

Web Desk March 6, 2021

The cost of the May 2021 contract for the export of Brent crude oil increased 4,20 % to $ 69, 54 per barrel in trading on the London-based ICE Futures Europe exchange, APA-Economics reports.   The price of WTI oil increased by 3,81 % to $ 66, 26 per barrel on the New York Mercantile […]

Web Desk March 6, 2021

  The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has decreased, APA-Economics reports.   With delivery in April futures quotes for natural gas according to 1 mln, British terminal unit (BTU) have decreased by 1,64 % to stand at USD 2,70.   Source: Azeri-Press News Agency

Web Desk March 6, 2021

International Monetary Fund (IMF) will conduct consultations with Azerbaijani government on article IV of regulation of Fund (“2021 Article IV Consultation”) in late April-early May in 2021, Natalia Tamirisa, the head of the IMF mission to Azerbaijan told APA-Economics.   According to her, the consultations will be held virtually because of COVID-19 pandemic.   Note […]

Web Desk March 6, 2021

The price of Azeri Light (CIF) crude oil has increased on the world market, APA-Economics reports.   The price of a barrel of Azerbaijani oil has increased by USD 1,56 or 2,3% to stand at USD 69,26.   Source: Azeri-Press News Agency

Web Desk March 6, 2021

Venezuela’s central bank said on Friday that it would introduce a banknote worth 1 million bolivars beginning next week, as years of incessant hyperinflation continue to batter the value of the crisis-stricken South American country’s currency, APA reports citing Yahoo.   The new banknote will be worth just 52 U.S. cents at the current official […]

Web Desk March 6, 2021

Thanks to its large financial buffers, Azerbaijan is in a good position to continue providing support to the economy in the near term, until the pandemic subsides, and the recovery takes hold, Natalia Tamirisa, Head of the International Monetary Fund (IMF) Mission to Azerbaijan told APA-Economics.   When the exceptional pandemic-related support is phased out, […]

Web Desk March 6, 2021

State Oil Fund of the Republic of Azerbaijan (SOFAZ) is the 5th most transparent sovereign wealth fund (SWF) in the world, according to the study of Peterson Institute for International Economics, SOFAZ told APA.   With a score of 92 out of 100 SOFAZ takes 5th position on the 2019 SWF scoreboard. Based on a […]

Web Desk March 6, 2021

The next meeting of Economic Council of the Republic of Azerbaijan has been held, the Cabinet of Ministers told APA.   In the agenda of  Economic Council’s meeting held on March 5, in accordance with working plan of the Council, economic stability report on the finals of 2020, the current situation of the banking sector […]