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Carbamide production in Azerbaijan to grow, WB forecasts

Business Materials 21 April 2021 16:17 (UTC +04:00)
Carbamide production in Azerbaijan to grow, WB forecasts

BAKU, Azerbaijan, Apr.21

By Fidan Babayeva - Trend:

The World Bank (WB) has forecasted an increase in carbamide production in Azerbaijan, Brunei, India, Iran, Nigeria, Russia, and Uzbekistan, Trend reports referring to WB’s report.

Carbamide production in Azerbaijan is expected to grow in the next few years, the report said.

According to the bank's forecasts, prices for the product will grow by 31 percent in 2021 and decrease by eight percent in 2022 compared to the current year.

Azerbaijan has been cooperating with the World Bank since 1992. During the past period, WB has supported Azerbaijan in implementing critical structural reforms.

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