European economic crisis will not produce strong influence of Azerbaijan
2012-05-07 16:58:08
Azerbaijan economy is stable and resistant to the effects of the economic crisis in Europe, and the IMF does not expect a direct effect of the crisis on the economic situation in this country.
Referring to the International Monetary Fund the Xinhua agency has reported that the influence of European economic crisis on Azerbaijan will not be serious, since the economic and trade ties with Europe are not too strong. The economy of Azerbaijan is ready to the indirect impact and serious consequences are expected, since the Central Bank of Azerbaijan and State Oil Fund has sufficient reserves.