...

Economic Rise in Azerbaijan Encourages U.S. Companies

Business Materials 3 October 2006 12:43 (UTC +04:00)

Chris Christov, a representative of BISNIS, U.S. Commercial Service, stated that the positive tendency in the economic growth in Azerbaijan is encouraging to the U.S. companies who are operating in the Country. He regarded as impressive the growth of GDP of the country on the level of 10% in the period 2001-2004, 24.6% in 2005 and 30% expected in 2006.

The Government expects total economic stability, diversification in the non-oil sector, the continued battle against corruption and the elimination of poverty. That is what we are here for, Christov stated.

So far the projects in Azerbaijan were backed by the U.S. EximBank, OPIC, USTDA. He noted a possible escalation in their activities in Azerbaijan

Latest

Latest