ECONOMY


Azerbaijan, EU start twinning support project for Azerbaijan Statistical Committee

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Baku, October 23, AZERTAC

As earlier reported, the European Union begins support of the State Statistical Committee of Azerbaijan.

The EU Twinning Program between the State Statistical Committee of the Republic Azerbaijan and the National Bulgarian Statistical Institute will support the upgrading of statistics in Azerbaijan by introducing a set of new statistical methods closely aligned with EU standards.

To this end, a special Project Steering Committee is to be set up, Chairman of the State Statistical Committee of Azerbaijan Tahir Budagov said at the meeting with the President of the National Statistical Institute of Bulgaria Mr. Sergey Tsvetarsky.

The EU funded Twinning Project officially titled "Support to the State Statistical Committee of the Republic of Azerbaijan (SSC) to reach European Standards in National Accounts, on observed economy, business statistics and producer price index" has already started this month in Baku.

Since the international standards in economic statistics have rapidly evolved in the last decade, the SSC is enhancing its capacity to meet the requirements of the "EU Acquis". The project objectives aim at upgrading the National Accounts to a higher level of comparability with the European System of National Accounts; at estimating with more accuracy the non-observed economy; at improving data coverage of business statistics by introducing the best practices of the EU Member States and at extending the Producer Price Index to gather data for the intermediate consumption in the different branches of the economy.

President of the National Statistical Institute of Bulgaria Mr. Sergey Tsvetarsky expressed pleasure with the results of meeting, noting the importance of mutual cooperation with the State Statistical Committee of Azerbaijan.

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