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International Stock Exchange Again Postpones Visit to Azerbaijan to Assess Consumer Prices

Business Materials 23 January 2008 21:22 (UTC +04:00)

Azerbaijan, Baku, 23 January / Trend corr. I.Khalilova / The International Stock Exchange (ISE) has again postponed the visit of the technique mission for State Statistic Committee to Azerbaijan, in order to assess the methodology of consumer process, Arif Valiyev, the chairman of State Committee, stated.

In 2007, the visit was postponed for several times, and finally it was set on 27 January 2008. Valiyev does not know the reasons for delay of the visit.

The Fund will send the expert Ann Shelly Winston to Azerbaijan.

In spite of the forecasted increase of state expenditures by 35%, the Azerbaijani Government is sure that it can retain the inflation on the regulated level. The rise of inflation will be on 12% or 14% level. However, the State Committee forecasts inflation on 10% level.

The index of consumer prices made up 16.7% in 2007.

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