AZERBAIJAN`S FINANCIAL MARKET STABLE, SAMADZADE
Azerbaijan`s financial market is stable, all the large-scale projects being implemented in the country are inderway and the work towards improving social conditions of its population is going on successfflly,” Ziya Samadzade, Chairmam of the Milli Majlis Standing Commission on Economic Policy said commenting on the International Monetary Fund`s latest report on economic developments in Azerbaijan. “All this is occurring amid the global economic crisis,” he added.
“Forecasts say oil price will stabilize in a while, but even if it doesn`t, it will not affect the state budget,” Samadzade said adding “Azerbaijan has enaugh amount of currency reserves, which could be used for budget spending”.
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