Energy in Azerbaijan

[demetrios]

Re: Energy in Azerbaijan

mazmanyan street 5/9, Yerevan SON OF A xxxxx...come and tell me that HERE that I am TURK LOVER or BRIDES DRESSER ....I asked already from your FORUM tom delete my account.....come and ay here to me SON OF GIAUR who am I, TROL or BANNED AUTHOR....ante sto diavolo

[demetrios]

Re: Energy in Azerbaijan

and I have NO BODYGUARDS son of a xxxxx...my adrress is here

[demetrios]

Re: Energy in Azerbaijan

dont POP IN mazmanyan street, 5/9 whenerer you wish....I AM NOT A GYPSY...NOR MY WIFE...show respect to my HOuse AND FAMILY...and put a face on your insults...as I do...I ASKED ALREADY this FORUM i want to be out from your stupidity....ALONE HOME

I HAVE already my sites in other SOCIAL MEDIA....but dont search to much

[demetrios]

Re: Energy in Azerbaijan

my phone is this 096703382 shove it in your ass...after I am intelectuel person to start such type conversations

[demetrios]

Re: Energy in Azerbaijan

Glendale highlands

[Eddo211]

Re: Energy in Azerbaijan

LOL, that was funny man.....Glendale Highlands

If you don't want to be a member here why do you wanna get banned? Just leave, be gone, Adios Amigoes.......don't let the door hit you in the azz.

Do a google search on your name.

If you post again kid you proove that you are a troll......you get my drift eshaak. Lets see.

[Mher]

Re: Energy in Azerbaijan

IMF FORECASTS 7.9% INFLATION RATE IN AZERBAIJAN IN 2015

IMF forecasts 7.9% inflation rate in Azerbaijan in 2015
The International Monetary Fund (IMF) has published updated World Economic Outlook (WEO), noting that the consumer price index (CPI) in Azerbaijan has medium-term growth trend. According to the WEO, CPI in Azerbaijan will make up 5% in 2015, another 4.2% in 2016 and will rise up to 4.5% in 2020.

According to the Fund’s forecasts, by the end of 2015 country’s consumer inflation will total 7.9% (Q4 of 2015 against Q4 of 2014), and will drop to 0.5%.at the end of 2016.

Meanwhile, State Statistics Committee of Azerbaijan has reported 3.8 % inflation rate for 8 months of 2015. Early 2015, CESD forecasted 8.0 % inflation rate for the country. In spite of the fact that State Statistics Committee reports low inflation rate, CPI is higher than official figure in fact.

The IMF has reported that in the medium term prospect the annual economic growth in Azerbaijan will hardly exceed 3.5%. According to the WEO, in 2015 Azerbaijan’s GDP will grow by 4% and in 2016 by 5%. However, in 2020 the economic growth will be only 3.4%.

According to Fund’s forecasts, in 2015 the current account surplus of Azerbaijan’s balance of payments will amount to 3% of GDP, in 2016 – 2.7% and in 2020 – 5.1%.

http://cesd.az/new/?p=9645

the end is near baboons

[Mher]

Re: Energy in Azerbaijan

New Decline in Azerbaijan Central Bank’s Currency Reserves


The Central Bank of Azerbaijan (CBA) has reported that its currency reserves has continued falling in September 2015. The CBA reports that as of October 2015 its currency reserves totaled $7.044 billion US versus $7.315 billion US by September 2015.

Reminded here that the currency reserves were $8.501 billion US by August, $8.52 billion US by July, $8.43 billion US by June, $8.397 billion US by May, $9.47 billion US by April, $11.004 billion US by March, $12.68 billion US by February $13.758 billion US by January 2015. For comparison, CBA currency reserves reached $15.19 billion US (absolute record) by August 2014. They totaled $14.15 billion US by January 2014 and $11.69 billion US by January 2013.

De-facto, the current level of reserves is equivalent to the index by December 2011 ($7.027 billion).

Decline of CBA currency reserves in September 2015 totaled $271.2 million US (-3.7%).

In 2015 their fall is still $6.714 billion US (-48.8%). Since August 2014 they have fallen by $8.149 billion US.

The main reason of CBA’s high intervention cost in September 2015 was the continuation impacts of currency panic which happened after Kazakhstan’s national currency’s devaluation previous month. Very high demand for foreign currency has been observed the mid of August particularly the second weekend of the month. Due to the artificial panic in the currency market, some householders purchased foreign currency with high rates those days. Demand for foreign currency was decreased in September 2015 compared to August 2015. However, both householders and business still have demand for foreign currency.

Meanwhile, CBA administratively decreases volume of national currency in the currency market. CESD’s monitoring show that many currency exchange offices faces lack of the manat volume in last couple weeks. Although demand for the national currency is not increased, but volume of the manat is administratively controlled by CBA. Central Bank targets using such administrative methods to decrease a demand for foreign currencies.

CESD, however, expects that the Government of Azerbaijan will keep the manat’s current rate against US dollar within its corridor in up-coming months. Due to economic and social reasons, CBA will most likely not go sharp devaluation by December 2015. New devaluation may have negative affect on the economy, particularly on banking sector, private sector and will increase Consumer Price Index.

CESD underlines that CBA will most likely borrow foreign currency from local and international sources to keep its foreign currency reserves’ volume. The center also forecasts that demand for foreign currency will be comparatively declined in the fall of 2015 due to gradual appreciation of the manat.

http://cesd.az/new/?p=9642

[Mher]

Re: Energy in Azerbaijan

Azerbaijan forecasts oil price for next four years at $50

Baku. Musa Ahmadov - APA-Economics. Azerbaijan forecasts oil price for next four years at $50, APA-Economics reports quoting 2016 state budget package of Azerbaijan.

According to the document, the base price of oil in 2016-2019 will make $50.

Taking into account the forecasts of international financial organizations and instability in oil price, the sale price of crude oil in the state and consolidated budgets makes $50 a barrel.

http://en.apa.az/xeber_azerbaijan_forecasts_oil_price_for_next__232407.html

[Joseph]

Re: Energy in Azerbaijan

Azerbaijan forecasts oil price for next four years at $50

Baku. Musa Ahmadov - APA-Economics. Azerbaijan forecasts oil price for next four years at $50, APA-Economics reports quoting 2016 state budget package of Azerbaijan.

According to the document, the base price of oil in 2016-2019 will make $50.

Taking into account the forecasts of international financial organizations and instability in oil price, the sale price of crude oil in the state and consolidated budgets makes $50 a barrel.

http://en.apa.az/xeber_azerbaijan_fo...t__232407.html

Could stabilize at a low $50 but I think it will fall further. More Iranian oil is coming online and they want to sell export as much as they can to build up cash reserves and help their economy. Also, they want to prepare for the worst assuming the Western sanctions are reinstated.