Foreign trade turnover of Azerbaijan with CIS countries in January - July decreased by 17.2 %
Baku. August 26. Kazakhstan Today - Foreign trade turnover of Azerbaijan with the CIS countries in January - July, 2009 has totaled $1 billion 828 million 290.7 thousand that is by 17.2 % below an indicator during the similar period of 2008, the State Customs Committee of Azerbaijan informed the agency.
According to the State Customs Committee, export from Azerbaijan to the CIS countries during the specified period has been $835 million 930.3 thousand (11.71 % of all export), import - $992 million 360.4 thousand (30.65 % of all import). The negative balance of trade turnover with the CIS countries has totaled $156 million 430.1 thousand.
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Annual inflation in February and March continued to decrease, albeit at a slower pace. Inflation expectations have slightly decreased but remain at a relatively high level. The external inflation background continues to be neutral with the ongoing trend of declining grain prices in global markets. Within the domestic economy, inflationary pressure persists due to robust internal demand and unanchored inflation expectations," reads the bank’s official statement.
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