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Central & eastern EuropeSeptember 3 2006

After the oil is gone

Samir Sharifov, Minister of Finance, tells Nick Kochan why Azerbaijan is tapping the Euromarkets as well as making great efforts to build up its non-oil sector.
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Q What is the state of the Azerbaijani economy?

A Accelerated growth describes it well. The growth can be observed in almost all spheres: GDP [gross domestic product] growth is substantial. Azerbaijan has recorded around a 10% annual GDP growth rate for the past five years. The GDP growth rate for 2005 was more than 26%. For 2006, we are confident that the GDP rate will be almost 40%.

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